DSW Capital Plc are to declare an interim dividend of 1.0p per share, representing one third of the intended total dividend for FY25. The interim dividend will be paid on 10 January 2024 to shareholders on the register on 13 December 2024 with the shares going ex-dividend on 12 December 2024.
Other financial highlights include:
Network Revenue was 6.8% higher at £7.8m (H1 24: £7.3m), as M&A activity gradually improved across the Period and gained momentum in September 2024
Total income from licensees was £1.1m (H1 24: £1.1m)
Adjusted Pre-Tax Profit at £0.2m (H1 24: £0.2m)
Statutory profit before tax of £0.1m (H1 24: loss of £0.1m), due to a lower share based payment expense in the Period
Cash of £2.3m (FY24: £2.6m), reflecting the lower level of profitability whilst the M&A markets were subdued, and a dividend payment of £0.2m in September 2024
Net cash used by operations of £0.2m, comprising start up loans and working capital support provided to new licensees who joined in FY24
Maintained a strong balance sheet with Net Assets of £7.5m (FY24: £7.6m)
