MacFarlane Group plc announce an interim dividend of 0.96p per share (H1 2024: 0.96p per share) - to be paid on 9 October 2025 to shareholders on the register as at 12 September 2025 (ex-dividend date 11 September 2025).
Other financial hlighlights include:
Group revenue increased by 13% to £146.6m (H1 2024: £129.6m).
Group adjusted operating profit reduced by 22% to £9.8m (H1 2024: £12.5m).
Basic and diluted earnings per share were 2.32p per share (H1 2024: 4.55p per share) and 2.32p per share (H1 2024: 4.51p per share) respectively.
Distribution generated revenues of £110.4m (H1 2024: £110.9m) with adjusted operating profit of £4.8m (H1 2024: £9.3m).
Manufacturing Operations increased revenues to £39.2m (H1 2024: £21.3m) and reported adjusted operating profit of £5.0m (H1 2024: £3.2m).
Net cash inflow from operating activities of £12.4m (H1 2024: £14.1m) reflects continued management of working capital.
Net bank debt was £15.2m on 30 June 2025, following a net cash outflow of £13.3m since 31 December 2024, after £16.5m (H1 2024: £5.0m) attributable to acquisitions and capital expenditure.
The Group is operating well within its bank facility of £40.0m which runs until 30 November 2027 with options to extend to November 2029.
Pension scheme surplus of £9.2m on 30 June 2025 (31 December 2024: £9.6m) with the Group not required to make any further contributions.
