In view of the current full year outlook and the Board's continued confidence in the Group's prospects, the On the Beach Group plc habe decided to declare an interim dividend of 1.0p per share, up 11% on the prior year (H1 24: 0.9p per share). The dividend will be paid on 27 June 2025 to shareholders on the register at 30 May 2025. The full year payout ratio is expected to be 25% of FY25 profit after tax, in line with the Group's capital allocation policy.
Other financial highlights incude:
TTV was +13%, demonstrating holidays from On the Beach are resonating strongly with the UK consumer.
The increase was driven by booking volumes of +11%, growing significantly ahead of the package holiday market.
Adjusted EBITDA was +19%, reflecting continuing improvement in margins and operational leverage.
Adjusted profit before tax was +23% to £7.6m, (H1 24: £6.2m) after net investment of £1.5m into marketing in the Republic of Ireland.
