Subject to shareholder approval, the ZIGUP Plc board has proposed a final dividend of 17.6p per share (2024: 17.5p) to be paid on 30 September 2025 to shareholders on the register as at close of business on 29 August 2025, bringing the total dividend to 26.4p (2024: 25.8p), a 2.3% increase on the prior year.
Including the interim dividend paid of 8.8p (2024: 8.3p), the total dividend relating to the year would be 26.4p (2024: 25.8p). The dividend is covered 2.2x by underlying earnings.
Other financial highlights include:
Vehicle hire revenue rose 5.2%; Spain up 9.5% underpinned by VOH growth, UK&I up 2.0% with pricing actions offsetting a reduction in VOH in the final quarter
Balance sheet with 1.8x leverage (2024: 1.5x), supported by fleet assets of £1.51bn (2024: £1.30bn) and £412m of facility headroom after refinancing actions
Underlying EBITDA grew 4.1% to £464.5m (2024: £446.3m); net capex outflow of £453.4m, principally replacement capex (£388.3m) with UK&I and Spain fleet ages reduced by 5.5 months and 2.7 months respectively as vehicle supply improving
