The Focusrite Plc Board has approved a second interim dividend of 2.1p which will bring the total interim dividends declared in the 12 month period to date to 4.2p (FY24: 6.6p). The lower level of declared dividends compared with the previous 12 months is due to the Group moving the financial reporting date to February from August as referred to below. This will enable the recommendation of a final dividend for the 18 month period to February 2026.
Other financial highlights include:
- Revenue up 6.6% to £168.9 million (FY24: £158.5 million), or 8.8% on an organic constant currency (OCC) basis, driven by strong growth in Content Creation, partially offset by a decline in Audio Reproduction.
- Content Creation revenue increased 11.0% (14.0% OCC) to £123.0 million (FY24: £110.8 million), reflecting successful new product launches across key brands.
- Audio Reproduction revenue declined by 3.8% (3.2% OCC) to £45.9 million (FY24: £47.7 million), against a particularly strong prior-year comparator, especially in APAC following post-COVID demand surges.
- Gross margin remained broadly stable at 44.4% (FY24: 44.5%), with pricing actions in the US offsetting tariff impacts and Audio Reproduction margins returning to more historic levels.
- Adjusted EBITDA of £24.7 million (FY24: £25.2 million), reflecting higher sales offset by normalised variable remuneration and inflationary pressures.
- Operating profit increased to £9.4 million (FY24: £5.7 million), benefiting from the non-repeat of a prior-year impairment charge of £5.3 million.
- Net debt reduced to £10.8 million from £12.5 million in August 2024 and £17.5 million in February 2025.
