The Mitie Group Board is recommending a final dividend of 3.0p per share, which, when added to the 1.3p interim dividend paid, takes the total dividend for FY25 to 4.3p per share. This is an 8% increase on the prior year (FY24: 4.0p) and represents a payout ratio of 34% (FY24: 33%). The final dividend will be paid on 4 August 2025, following approval at the 2025 AGM.
Other financial highlights include:
Record contract awards up 21% to £7.5bn TCV of wins and renewals/extensions (FY24: £6.2bn)
Record total order book up 35% to £15.4bn (FY24: £11.4bn), reflecting book-to-bill ratio of 1.47x; renewals rate fell to 59% (FY24: 79%) reflecting the loss of two public sector contracts
Record pipeline up 27% to £23.7bn (FY24: £18.6bn), of which >70% is due to be awarded in next 18 months
Operating profit before Other items up 11% to £234m (FY24: £210m)
Operating profit margin before Other items of 4.6% (FY24: 4.7%), reflecting investments in their
Three-Year Facilities Transformation Plan and a loss in their telecoms infrastructure business
Basic EPS before Other items up 3% to 12.7p (FY24: 12.3p), with the benefits of higher operating profit and share buybacks offsetting a 4.8ppt increase in the effective tax rate to 23.7%, and higher finance costs
