The Gamma Communications Plc Board has declared an interim dividend of 7.4p (2024: 6.5p). This is an increase of 14% and is in line with our progressive dividend policy. The interim dividend is payable on Thursday 16 October 2025 to shareholders on the Register as at Friday 19 September 2025.
Other financial highlignts inclide:
Strong growth across key financial performance metrics following the successful strategic, and immediately accretive, German acquisitions of Starface and Placetel, and low single digit UK revenue growth largely due to the macro-economic environment. Recurring revenue remains high at 90%. Adjusted EBITDA increased by 14%, flowing through to Adjusted EPS which increased by 13%.
Share buyback of £45.1m completed in the period, following the £27.3m buyback in 2024.
Continuing healthy adjusted cash conversion of 90% has resulted in a net debt position of £21.6m, demonstrating the Group's capacity to deleverage quickly following the Starface acquisition and alongside the buybacks.
Significant increase in total Cloud seats of 587k to 1.8m (up 50%) since June 2024. The full Cisco Collaboration suite is also now available to order across Germany, the UK and Spain, with 28k users at the end of June (up 75% in the half).
Substantial progress in developing our new portal architecture in the UK and Europe. UK Channel Partners can now order Horizon, PhoneLine+, the Cisco Collaboration Suite and iPECS through a single portal and we have launched our first pan-European offering "Operator Connect International".
Impressive German performance led by the acquisitions of Starface and Placetel, supplemented by solid organic growth. These acquisitions delivered double digit proforma revenue growth against the same period last year and drove reported Group gross margin improvement to 54%, up two percentage points. Their enlarged German business is now of significant scale, representing c.20% of Group gross profit and 565k cloud seats.
Move to the ESCC listing category of the Main Market of the London Stock Exchange completed successfully on 2 May, with subsequent inclusion in the FTSE 250 index in June.
