Hays has prposed a final dividend of 0.29 pence per share is calculated on 3x FY25 pre-exceptional earnings cover, and applying our historic one-third/two-thirds interim/final split. This brings the full year dividend to 1.24 pence per share.
The final dividend will be paid on 26 November 2025 to shareholders on the register on 17 October 202
Other financial highlights include:
•Group net fees decreased by 11%. Temp & Contracting, down 7%, was more resilient than Perm, down 17%. As guided at their June trading update, pre-exceptional operating profit decreased 56% YoY to £45.6 million
•Strategic progress despite challenging markets. Driven by improved resource allocation, consultant net fee productivity increased by 5% YoY, net fees within Enterprise Solutions grew by 8%, and Temp & Contracting net fees grew strongly in several of their Focus countries
•Delivering efficiencies through focus on costs driven by c.£35 million per annum structural cost savings realised in FY25, ahead of target. Targeting further c.£45 million per annum structural cost savings by FY29
•Strong cash flow with 281% cash conversion and net cash of £37.0 million. Revolving credit facility refinanced and full buy-in of defined benefit pension scheme will have a materially positive impact on free cash flow from FY26
•Current trading in July and August has been in line with their expectations with no significant change to trading momentum from Q4. September is the key trading month in their first quarter, and it is too early to assess trends
