The Board is recommending a final dividend of 11.05 pence per ordinary share (2024: 10.10 pence), making a total dividend of 16.30 pence per ordinary share (2024: 14.80 pence) for the year, a 10% increase. The dividend has been increased every year since the Group's IPO in 2006. The final dividend will be payable on 3 October 2025 to shareholders on the register at 22 August 2025, subject to approval at the Annual General Meeting on 25 September 2025.
Other financial highlights include:
Record revenue, adjusted operating profit, and closing order book; adjusted EPS and net funds exceeded market expectations
Adjusted operating profit of £27.5m (2024: £21.1m) on revenue of £270.0m (2024: £202.5m)
Underlying order intake up by 11% (excluding a large, long-term Royal Navy order of £135m secured in 2023/24)
Record order book of £616.4m with deliveries extending out to mid-2030's.
