The Interntional Workplace Group Board has agreed to pay an interim dividend of 0.45¢ per share. The interim dividend is expected to be paid on 17 October 2025 to shareholders on the register at the close of business on 19 September 2025. Dividends are declared in US dollars and paid in pounds sterling with an option for shareholders to elect to receive payment in US dollars. The foreign exchange rate at which the final dividend will be converted into pounds sterling will be the New York closing rate on 19 September 2025.
Other financial highlights include:
• Highest-ever system-wide revenue of $2.2bn, 2% year-on-year growth vs $2.1bn at H1 2024
◦ 2.6x growth in recurring management fee revenue year-on-year
◦ 116bps increase in underlying Company-owned adjusted gross margin
◦ 6% underlying revenue growth in Digital & Professional Services and well established for delivery in 2026
◦ Core overheads flat, demonstrating operational leverage as we continue to invest in growth
• 6% Group Adjusted EBITDA growth to $262m (H1 2024: $247m)
• Strong balance sheet with no refinancing needs until 2029 and leverage remaining at 1.5x net debt / EBITDA
• $59m of capital returned to shareholders since March comprising dividends and buybacks, 3.5x more capital returned in 4 months vs the aggregate of the last 5 years
• Cashflow for FY 2025 expected to be up 40% to at least $140m
◦ Increase in the buyback programme for FY25 announced today to at least $130m
