Somero Enterprises inc are to announce that the Board has declared an interim dividend of US$ 0.04 per share, maintaining a balance between interim and final dividends as in prior years. The dividend, totaling approximately US$ 2.2m, will be payable on 17 October 2025 to shareholders on the register at 19 September 2025. The ex-dividend date is 18 September 2025.
Other financial hiighlights include:
-Disciplined approach to H1: against a challenging market backdrop
US the key headwind: North America revenue -18% due to dampened project starts and investment confidence linked to tariffs, elevated interest rates and restrictive immigration policies as previously reported
Softer international trading: Europe -51% reflecting customer caution amid US and geopolitical uncertainty; Australia -34% as sales volumes normalize against a backdrop of skilled labor shortages and tightened monetary policy; ROW -11% primarily due to reduced Latin America volumes
However, demand drivers remain intact: onshoring, data infrastructure, equipment electrification, EV/battery facilities, manufacturing, warehousing and logistics, and power generation
High bidding activity and healthy project backlogs: reported by customers
Strong new product contribution: delivered US$ 4.2m revenue, up 36%
Cost action taken: partly offsetting impact of lower revenues on profitability
Operating cashflow improvement: aided by favorable timing of collections
