Mears Group announce an interim dividend of 5.60p will be payable on 2 October 2025 to shareholders on the register of members at the close of business on 12 September 2025. The shares will go ex-dividend on 11 September 2025.
Other financial highlights include:
Revenues reduced by 4% year-on-year to £559.4m (2024: £580.0m), with some normalisation in the Group's Management-led activities, partially offset by good revenue growth of 8% in Maintenance-led activities
Profit before tax increased by 5% to £32.0m (2024: £30.5m)
Operating margin (pre-IFRS 16) continued to strengthen to 5.6% (2024: 5.2%)
Strong conversion of EBITDA to Operating cash reflecting cash generative business model and quality of earnings
Cash conversion at 105% of EBITDA (2024: 119%)
Average daily net cash of £66.7m (2024: £66.4m)
Diluted EPS up 20% to 27.68p (2024: 23.12p) driven by profit growth and share count reduction
