The board of Telecom Plus plc has proposed a final dividend of 57p (2024: 47p), bringing the total for the year to 94p (2024: 83p); an increase of over 13%. Subject to approval by shareholders at the Company's AGM, which will be held on 6 August 2025, this will be paid on 15 August 2025 to shareholders on the register at the close of business on 25 July 2025. This takes the total return to shareholders for FY25 to 80% of adjusted post-tax profit.
The Board adopts a disciplined approach to the allocation of capital, with the overriding objective being to enhance long-term shareholder value, whilst maintaining an appropriate level of gearing; this means retaining sufficient resources within the business to ensure that its organic growth is not constrained by a lack of capital. Telecom Plus intends to continue following a progressive distribution policy, returning 80-90% of adjusted post-tax profit to shareholders over the medium term via dividends.
Other Financial Highlights:
● Revenues of £1,838.2m (2024: £2,039.1m)
● Gross profit up 0.8% to £358.1m (2024: £355.2m)
● Adjusted pre-tax profit up 8.1% to £126.3m, in-line with market expectations (2024: £116.9m)
● Adjusted EPS up 9.4% to 119.2p (2024: 109.0p)
● Statutory pre-tax profit up 5.4% to £105.9m (2024: £100.5m)
● Statutory EPS up 7.1% to 96.3p (2024: 89.9p)
● Net debt to adjusted EBITDA ratio at 0.8x
