The Trifast Plc board has recommended a final dividend for the year ended 31 March 2025 of 1.20p. This, together with the interim dividend of 0.60p (paid on 10 April 2025), brings the total for the year to 1.80p per share (FY24: 1.80p). The final dividend, subject to shareholder approval at the AGM, will be paid on 10 October 2025 to shareholders on the register at the close of business on 12 September 2025. The ordinary shares will become ex-dividend on 11 September 2025. The underlying dividend cover is currently 2.4x, the Board considers that an appropriate future level of underlying dividend cover is in the range of 3.0x to 4.0x.
Other financial highlights include:
Significant growth in Underlying EBIT to £15.6m (CER) (FY24: £11.9m), with EBIT margin increasing to 6.8% (FY24: 5.1%), demonstrating execution of strategic initiatives and supporting confidence in the Trifast's ability to achieve > 10% EBIT margin in the medium term
Underlying profit before tax increased by £4.5m to £11.0m (CER), driven by EBIT performance and reduced interest costs
Strengthening of balance sheet through focus on working capital and cash generation, resulting in adjusted net debt/underlying EBITDA ratio of 0.97x (FY24: 1.30x)
