The Sage Group plc announce interim dividend of 7.45 pence per share will be paid on 27 June 2025 to shareholders on the register at the close of business on 30 May 2025. The Company's distributable reserves are sufficient to support the payment of this dividend. These condensed consolidated half-yearly financial statements do not reflect this proposed dividend payable.
Other financial highlights include:
Underlying total revenue increased by 9% to £1,242m, reflecting high-quality subscription-based recurring revenue model.
Underlying operating profit increased by 16% to £288m, driving a strong margin increase of 140 basis points to 23.2%, with disciplined cost management supporting ongoing investment.
Underlying EBITDA increased by 14% to £334m, with margin increasing by 110 basis points to 26.9%.
Statutory operating profit increased by 18% to £255m reflecting growth in underlying operating profit together with lower acquisition-related expenses.
Underlying basic EPS increased by 17% to 20.8p, whilst statutory basic EPS increased by 19% to 18.2p.
Strong cash performance, with underlying cash conversion of 115%, reflecting continued growth in subscription revenue and good working capital management.
Robust balance sheet, with £1.2bn of cash and available liquidity, and net debt to underlying EBITDA of 1.5x.
