SSP Group Plc Board is proposing a final dividend of 2.8 pence per share (2024: 2.3 pence per share), which is subject to shareholder approval at the Annual General Meeting. This full year dividend combined with the interim dividend of 1.4 pence per share would bring the total FY25 dividend to 4.2 pence per share, a payout ratio of 35% of the underlying pre-IFRS 16 earnings per share, which is in the middle of their target payout range of 30-40%.
The final dividend will be paid, subject to shareholder approval, on 27 February 2026 to shareholders on the register on 30 January 2026. The ex-dividend date will be 29 January 2026.
Other financial highlights include:
Revenue: £3.6bn, up 8% (on a constant currency basis), with LFL growth of 4% and net gains of 4%
Operating profit: £223m at actual FX rates; £233m on a constant currency basis, up 13% with margin accretion of 30 bps YoY
Free cash flow: £80m (pre-dividend) after £99m working capital inflow and capex of £212m (vs. £280m LY)
Net Debt/EBITDA: 1.6x, improved from 1.7x LY, at lower end of 1.5-2.0x guided range
EPS: 11.9p, up from 10.0p LY, with one-off trading headwinds and benefits in operating profit broadly balanced; EPS up 25% on a constant currency basis (to 12.5p - in middle of their planned range)
Pre-tax ROCE: 18.7%, up 100bps YoY, with recent acquisitions delivering in line or ahead of plan
Capital allocation: £100m share buyback initiated in October 2025
IFRS operating profit: £86m (LY: £206m) reflecting £183m of non-underlying expenses and impairment charges
