Following the payment of an interim dividend of 3.0 pence per share on 17 January 2025 (FY24: 3.0 pence), Halfords' board has proposed an FY25 final dividend of 5.8 pence per share (FY24: 5.0 pence) which will absorb an estimated £12.6m (FY24: £11.0m) of shareholders’ funds. This is consistent with stated policy which requires the dividend to be 1.5x to 2.5x covered by profit after tax. It will be paid on 12 September 2025 to shareholders who are on the register of members on 8 August 2025.
Other financial highlights include:
Total dividend increased by 10% to 8.8p
250bps of gross margin expansion YoY, £35m of cost savings and £43.0m of free cash generation (FY24: £29.4m); ended the year with balance sheet net cash
Membership of the Halfords Motoring Club exceeded 5m customers
50 Fusion locations are now trading and are on track to double garage-level profitability at maturity with an average payback period of 2 years
