Since the end of the half year, Bytes Technology Group's directors have recommended the payment of an interim dividend of 3.2 pence per fully paid ordinary share (2024: 3.1 pence), an increase of 3.2% from last year's interim dividend. The record date is 7 November, 2025. The associated ex-dividend date is 6 November, 2025. The aggregate amount of the proposed dividend expected to be paid on 21 November 2025 out of retained earnings at 31 August 2025, but not recognised as a liability at the end of the half year, is £7.6 million.
Other financial highlights include:
- GII increased 9.1%, with 8.9% growth in software and 15.1% in services.
- GP increased 0.4%. Segmentally public sector, more impacted by Microsoft's partner incentive changes, was +1.6% and corporate, which adjusted to the new sales structure launched at the start of the year, was -0.6%. Software GP down 3.5% was offset by strong growth in services which increased over 40% consistent with our strategic objective to grow services income and profit.
- Operating profit down 7.0%, with higher headcount, salary and national insurance costs only partly mitigated by lower variable remuneration.
- Strong balance sheet with closing cash of £82.3m.
