The Board of Marks Electrical is recommending a final dividend of 0.66p per share (£689,319) that will be subject to final approval by shareholders at the 2025 AGM. The 0.66p represents a typical two-third share of the annualised amount. The dividend has not been accrued into the consolidated statement of financial position.
Other financial highlights:
Record full-year revenue of £117.2m (FY24: £114.3m), with 2.6% year-on-year growth, despite a highly competitive backdrop.
Adjusted EBITDA(1) of £4.2m (FY24: £5.0m) as previously guided. Rapid growth in consumer electronics sales negatively impacted margin mix, offset by carefully controlled marketing and overhead costs.
Adjusted EPS of 1.54p(2) (FY24: 2.45p), statutory loss per share of 1.38p (FY24: 0.41p).
Strong closing net cash(3) position of £8.8m (FY24: £7.8m). Improvement in working capital and tight control of capital expenditure.
