The Likewise Board is proposing a Final Dividend payment of 0.25 pence per ordinary share (FY23: 0.25 pence per ordinary share).
This makes the total dividend paid in respect of the year 0.375 pence per ordinary share (2023: 0.35 pence per ordinary share). This is a 7.1% increase on the Total Dividend in respect of FY23, an encouraging reflection of the financial performance in 2024. The final dividend, if approved by shareholders at the AGM, will be paid on 11 July 2025 to shareholders on the register at the close of business on 6 June 2025, the ex-dividend date being 5 June 2025.
Other financial highlights include:
Group Sales increased 7.4% to £149.8 million (FY23: £139.5 million). Sales in Likewise Floors increased 15.5%
Gross margin increase of 0.4% to 30.7% in 2024 (2023: 30.3%)
Underlying EBITDA of £8.8 million (FY23: £7.9 million)
Adjusted Profit Before Tax was £2.0 million (FY23: £2.3 million) reflecting additional investment, particularly in H1 2024
Positive cash generation from Operating Activities of £7.2m (2023: £6.1m)
, bringing the total dividend in FY24 to 0.375 pence per Ordinary Share
Group Sales Revenue in the first four months of FY25 has progressively increased each month from January to April by 10.2% against the corresponding period last year and by 11.5% on a like for like basis given one less working day in FY25 verses FY24
Monthly revenues now consistently annualise to £170 million, with months exceeding £13 million to £14 million revenue driving improved operational gearing and profitability
