Breedon Group Plc has announced an increased interim dividend of 4.75p per share (H1 2024: 4.50p per share). This represents a 6% increase compared with H1 2024 and equates to a dividend payout ratio of 42%, in line with the full year and slightly ahead of our financial framework target of 40%. The cash cost of the interim dividend will be c. £17m (H1 2024: £16m).
The dividend will be paid on 7 November 2025 to shareholders who are on the Register of Members at the close of business on 3 October 2025. The ex-dividend date is 2 October 2025. The latest date for registering for the Company's DRIP is 17 October 2025 and further details of how to join the DRIP are available on the Company's website.
Other financial highlights include:
Revenue increased 7% driven by the acquisition of Lionmark
Stable pricing, supported by teams demonstrating commercial focus, particularly in the US, backed by strong order backlogs and enquiries in key markets
LFL Underlying EBITDA margin decreased 30bps reflecting operating leverage in GB and trading elsewhere, partially offset by cost management
