The Victorian Plumbing Group Plc Board has declared an interim dividend of 0.70 pence per share (H1 2024: 0.52 pence per share), which represents a total cash distribution to shareholders of £2.3m (H1 2024: £1.7m). The dividend will be paid on 15 August 2025 to shareholders on the register of members at the close of business on 18 July 2025.
Other financial highlights include:
H1 2025 revenue growth of 6% to £152.7m (H1 2024: £144.6m), boosted by revenue growth of 9% (or £6.5m) in Q2, following completion of the warehouse transformation in December 2024.
Adjusted EBITDA increased by 15% to £15.2m (H1 2024: £13.2m); adjusted EBITDA margin increased 1%pt to 10% (H1 2024: 9%).
Depreciation and net finance costs increased to £4.1m (H1 2024: £3.4m) reflecting the depreciation of the right-of-use asset and the finance cost on the new warehouse lease arrangement, together with lower interest received following significant capex and M&A activity in H2 2024.
Adjusted PBT increased 3% to £11.8m (H1 2024: £11.5m); adjusted PBT margin stable at 8% (H1 2024: 8%).
Operating cash conversion strong at 88% (H1 2024: 65%), free cash flow up 50% to £12.9m (H1 2024: £8.6m).
