Qinetiq announce an interim dividend of 2.8p (H1 FY24: 2.6p) will be paid on 7 February 2025 to shareholders on the register on 9 January 2025. The interim dividend represents one third of the prior year total dividend reflecting their previously communicated methodology. The full year proposed dividend will be announced with their full year preliminary results in May 2025.
Other financial highlights include:
-Revenue up 7% through consistent operational performance, up 8% on an organic basis
-Underlying operating profit up 7% with stable margin at 11.3%, up 7% on an organic basis
-Good cash conversion at 84%, with leverage at 0.6x
-Orders up 9% at £1.03bn, with a book-to-bill of 1.3x and order backlog of £2.9bn
-Continued earnings growth with underlying EPS up 6% to 14.2p
