The Luceco Board will pay an interim dividend of 1.8p per share, up 5.9% over the prior year. This will be paid to shareholders on 24 October 2025 who are on the register on 19 September 2025, and the shares will be marked ex-dividend on 18 September 2025. The last day for dividend reinvestment ("DRIP") elections is 3 October 2025. The interim dividend is a payout ratio of 40%, with one third paid at the interim and the remaining two thirds being paid at the final dividend.
Other financial highlights include:
Revenue up 14.7% to £125.7m (H1 2024: £109.6m), with strong contributions from recent acquisitions and EV charging products:
o Like-for-like growth of 2.0% consisting of stronger growth of 3.6% in the UK offset by weaknesses in some of the Group's international markets
o EV charging continues to accelerate with revenue growth of 93.0% in the first half of the year. Recently awarded supply of EV chargers for Centrica-owned Hive, the UK's largest eco-tech brand
o Acquisitions have contributed 14.1% growth in H1 2025
Adjusted operating profit up 9.5% to £13.8m (H1 2024: £12.6m), with lower operating margin reflecting investment in both the energy transition opportunity and the delivery of synergies from recent acquisitions
Adjusted EPS of 5.9p (H1 2024: 5.7p), up 3.5% reflecting costs of funding new acquisitions
Strong cash generation with Adjusted Free Cash Flow of £10.3m (H1 2024: £(1.7)m) driven by the unwind of the temporary increase in working capital built up at the end of 2024
