The Chemring Group plc Board is recommending a final dividend in respect of the year ended 31 October 2025 of 5.3p (2024: 5.2p) per ordinary share. With the interim dividend of 2.7p per share, this results in a total dividend of 8.0p (2024: 7.8p) per share, an increase of 3% on the prior year. If approved, the final dividend will be paid on 10 April 2026 to shareholders on the register on 20 March 2026.
Other financial highlights include:
Resilient revenue growth of 2% with continued strong momentum in Countermeasures & Energetics, offset by softness in Sensors & Information due to short-term delays in UK Government spending
Underlying operating profit margin of 14.8% (2024: 14.3%) reflecting a focus on operational excellence, and Energetics expansion programmes delivering ahead of schedule
Improved cash conversion of 114% (2024: 103%) with continued focus on working capital
Net debt was £89.0m (2024: £52.8m), driven by capital investment. Net debt to underlying EBITDA of 0.90x (2024: 0.58x)
Another record order book of £1,345m, providing excellent medium-term revenue visibility
Good progress made on capital projects to date with completed programmes delivering ahead of expectations
Acquisition of Landguard Systems to further enhance and accelerate growth in Roke
The Board's expectations for the Group's 2026 operating performance remain unchanged. Higher capex and finance charges now expected as a result of increased investment in Norway
Approximately 76% (2024: 77%) of expected 2026 revenue is already covered by the order book
