Gooch & Housego announce interim dividend of 4.9p per share (2024: 4.9p) has been declared. This dividend will be payable to shareholders on the register as at 20 June 2025 on 25 July 2025. The Board intends to review its dividend policy in the second half of the financial year, in order to assess whether some element of the dividend if reinvested in the business, may generate a better return for their shareholders.
Other financial highlights include:
Portfolio - integration of Phoenix Optical is proceeding to plan and helping to secure significant new customer orders. May 2025 agreement to acquire of Global Photonics will extend G&H's A&D capability and offering into the US market.
Revenue - grew 11.4% or 7.5% on an organic, constant currency basis.
Profit - adjusted operating profit increased by 60.5% with operating profit margins improving to 8.7% (2024: 6.0%). A&D segment turnaround to profitability.
Order book - Group order book grew to £121.5m (Sept 2024: £104.5m), with Phoenix Optical contributing approximately £7m of this increase, and continues to grow.
Net debt - Leverage comfortable at 1.3x. Debt facility extension to March 2030 with an improved margin grid.
Outlook - unchanged full year expectations; >95% order cover, though increased execution risks due to increased global uncertainty. Strong prospects for further profitable growth in the coming years. Mid-teens return on sales by 2028.
