Fuller, Smith & Turner Plc board has announcd a final dividend of 12.35p (FY2024: 11.12p) per 40p 'A' and 'C' ordinary share and 1.235p (FY2024: 1.112p) per 4p 'B' ordinary share. This will be paid on 24 July 2025 to shareholders on the share register as at 4 July 2025. The total dividend of 19.76p (FY2024: 17.75p) per 40p 'A' and 'C' ordinary share and 1.976p (FY2024: 1.775p) per 4p 'B' ordinary share represents an 11% year-on-year increase.
Other financial highlights include:
Revenue up 4.8%, to £376.3 million (FY2024: £359.1 million), driven by an excellent performance across the estate
Like for like sales up 5.2%, against a successful prior year
Impressive profit conversion, with adjusted profit before tax increasing 32% to £27.0 million (FY2024: £20.5 million)
Translating to strong adjusted earnings per share growth - up 40% to 34.22p (FY2024: 24.48p)
Completed the initial share buyback programme, which resulted in the repurchase of 6.5 million 'A' shares - with an average price of £6.13, this represents a 26% discount to the £8.30 price of the 6.5 million 'A' share equity placing in 2021
A new share buyback programme commenced in March 2025 with the intention of acquiring up to one million 'A' shares - further enhancing shareholder returns
Agreed a new £185 million bank facility with a consortium of existing relationship banks. The unsecured facility is available until 31 August 2028, at an interest margin 75bps lower than existing terms, reflecting the strong financial position of the Company.
