The DSW Capital board has proposed a final ordinary dividend of 2.0 pence per share for the year ended 31 March 2025. This brings the total dividend for the year to 3.0 pence per share, marking a return to a progressive dividend policy.
This decision not only reflects the Group's improved financial performance during the year but also the successful diversification of the business, particularly through the acquisition of DR Solicitors, which significantly reduced the Group's exposure to M&A activity.
An interim dividend of 1.0 pence per share in respect of the six months to 30 September 2024 was paid on 10 January 2025. If the proposed final dividend is approved by shareholders, it will bring the total cumulative dividends paid to shareholders post-IPO to 12.98 pence per share.
Other financial highlights include:
Network Revenue increased by 62% to a record £25.8m (FY24: £16.0m), ahead of market expectations set at the start of the financial year
Acquisition of DR Solicitors for a total consideration of £6.3m, satisfied by £4.5m in cash and £1.8m of new ordinary shares
Adjusted basic earnings per share more than doubled at 5.0p (FY24: 2.0p)
Average Revenue per Fee Earner in the Year was £214k (FY24: £153k)
