Subject to approval at the forthcoming AGM, Ingenta Plc is to announce a final dividend of 2.6 pence per share which will be paid on 30 June 2025. The ex-dividend date is 22 May 2025 and the associated record date for the final dividend is 23 May 2025.
Other financial hlighlights include:
Revenue decreased 5.6% to £10.2m (2023: £10.8m) as non-recurring consultancy revenue slowed down in 2024.
Annual Recurring Revenue (ARR) of £8.9m, representing 87% of total revenue (2023: £8.7m, 80%). New customer implementations in 2024 expected to yield approximately £0.5m of ARR in 2025.
Adjusted EBITDA £1.8m (2023: £2.2m).
Net profit of £1.3m (2023: £2.3m) impacted by non-cash deferred tax charges of £0.5m (2023: £0.3m credit) combined with non-cash foreign exchange charges of £0.1m versus a credit of £0.2m in the prior year.
Deferred tax charges are linked to a reduction in the Group deferred tax asset which only recognises loss utilisation over a 5 year period. The Group now predict that £0.5m of previously reported utilisation will happen in subsequent periods.
Adjusted earnings per share of 11.7 pence (2023: 12.8 pence).
Reported earnings per share of 8.8 pence (2023: 15.8 pence).
