The Impax Asset Management Group Plc Board has therefore decided to recommend a final dividend of 22.9 pence (2023: 22.9 pence) taking the total dividend for 2024 to 27.6 pence (2023: 27.6 pence). The total dividend for the year represents 87% of their adjusted profit.
This dividend proposal will be submitted for formal approval by shareholders at the Annual General Meeting on 5 March 2025. If approved, the dividend will be paid on or around 21 March 2025. The record date for the payment of the proposed dividend will be 21 February 2025 and the ex-dividend date will be 20 February 2025.
Other financial highlights include:
Revenue decreased by 4.7% to £170.1 million (2023: £178.4 million)
Adjusted operating profit decreased by 9.3% to £52.7 million (2023: £58.1. million)
Adjusted operating margin of 31.0% (2023: 32.6%)
IFRS Profit before tax decreased by 6.0% to £49.0 million (2023: £52.1 million)
Adjusted diluted earnings per share decreased by 8.5% to 32.2p (2023: 35.2p)
IFRS diluted earnings per share decreased by 5.4% to 28.2p (2023: 29.8p)
Cash reserves of £90.8 million (2023: £87.7 million)
