The Ultimate Products Plc Board is proposing a final dividend of 2.15p per share (FY24: 4.93p per share), resulting in a total dividend for the year of 3.7p per share (FY24: 7.38p per share). Subject to shareholder approval at the AGM on 12 December 2025, the final dividend will be paid on 30 January 2026 to shareholders on the register at the close of business on 5 January 2026 (ex-dividend date 2 January 2026).
Other financial highlights include:
Total revenue down 3%, or £5.4m, to £150.1m (FY24: £155.5m), reflecting:
o Anticipated reduction in air-fryer sales of £4.8m, down 32%
o Reduction in third-party close-out sales of £8.8m, down 60%
o Increase in all remaining other sales of £8.2m, up 6%
Gross profit down 14% to £34.8m (FY24: £40.5m), with gross margin at 23.2% (FY24: 26.0%), impacted by £3.1m of additional shipping costs and a change in sales mix
Adjusted EBITDA down 31% to £12.5m (FY24: £18.0m)
Adjusted profit before tax down 40% to £8.7m (FY24: £14.4m)
Statutory profit before tax down 44% to £8.0m (FY24: £14.3m)
Statutory EPS down 44% to 6.8p (FY24: 12.2p), with Adjusted EPS down 40% to 7.4p
Continued strong cash generation from operating activities of £10.3m (FY24: £18.5m), representing an 82% operating cash conversion (FY24: 103%)
Net bank debt/adjusted EBITDA ratio of 1.1x (FY24: 0.6x), marginally above the Group's targeted policy of 1.0x
