The Helical Plc Board will be recommending to Shareholders an increase in the final dividend to 3.50p (2024: 1.78p) per share. This final dividend, if approved by Shareholders, will be an ordinary dividend, paid out of distributable reserves generated from the Group's activities. The total dividend of 5.00p, including the 1.50p interim dividend which was wholly paid as a PID, represents a 3.5% increase on last year's total dividend of 4.83p.
Other financial highlights include:
IFRS profit of £27.9m (2024: loss of £189.8m).
IFRS basic earnings per share of 22.8p (2024: loss of 154.6p).
See-through Total Property Return of £52.1m (2024: -£162.7m):
- Group's share of net rental income decreased 23% to £19.6m (2024: £25.5m) following the sales.
- Net gain on sale and revaluation of investment properties of £32.2m (2024: -£188.6m).
- Development profits of £0.3m (2024: £0.4m).
Total Property Return, as measured by MSCI, of 10.0%, compared to the MSCI Central London Offices Total Return Index of 4.1%.
EPRA earnings per share of 2.2p (2024: 3.5p), reflecting the sale of investment assets during the year.
