Warpaint London Plc is to recommend an increased final dividend of 7.5 pence per share which, if approved by shareholders at the annual general meeting ("AGM"), will be paid on 4 July 2025 to shareholders on the register at 13 June 2025. The shares will go ex-dividend on 12 June 2025.
During the year, an interim dividend of 3.5 pence per share was paid on 22 November 2024, bringing the total dividend for the year to 11.0 pence per share, a 22% increase over the 9.0 pence per share dividend for 2023.
Other financial highlights include:
Continued growth in sales, margins and profits to reach record levels for the Group. Significant organic growth in all key geographic regions reflecting the focus on growing sales of the Group's branded products
Group sales for 2024 grew by 13% to £101.6 million (2023: £89.6 million)
EU revenue increased by 22% to £54.7 million (2023: £45.1 million)
UK revenue increased by 8% to £35.0 million (2023: £32.4 million)
US revenue increased by 19% to £8.7 million (2023: £7.3 million), an increase of 22% in US dollar terms
Gross profit margin increased to 41.2% (2023: 39.9%)
EBITDA increased 16% to £24.2 million (2023: £20.9 million)
Adjusted profit before tax up by 33% to £24.6 million (2023: £18.4 million)
Earnings per share up 29% to 23.5p (2023: 18.1p)
Cash of £21.9 million (including £14.0 million held in escrow to fund the Brand Architekts Group PLC consideration paid post-year end) as at 31 December 2024 (31 December 2023: £9.1 million), with no debt
