Johnson Service Group plc announce an increased interim dividend of 1.6 pence per share (June 2024: 1.3 pence per share) will be paid on 4 November 2025 to those Shareholders on the register of members on 3 October 2025. The ex-dividend date is 2 October 2025. The increased dividend maintains their dividend cover of 2.5 times and is in line with their stated capital allocation policy.
Other financial highlights include:
Organic revenue increased in HORECA by 1.4% and in Workwear by 1.3%.
Revenue for the HORECA division increased by 7.2% to £185.4 million (2024: £172.9 million) whilst adjusted operating profit increased by 22.3% to £22.5 million (2024: £18.4 million) giving an improved margin of 12.1% (2024: 10.6%), an increase of 150 basis points.
Revenue for the Workwear division increased by 1.3% to £72.1 million (2024: £71.2 million) whilst adjusted operating profit increased by 2.0% to £10.4 million (2024: £10.2 million) giving a slightly improved margin of 14.4% (2024: 14.3%).
£30.0 million share buyback completed, bringing total amount returned to Shareholders through buybacks since 2022 to £65.3 million.
Revolving credit facility increased by £15.0 million to £135.0 million, expiring August 2027.
