The Cohort Board has declared an interim dividend of 5.80 pence per share (2024: 5.25 pence per share), an increase of 10%. The interim dividend is payable on 17 February 2026 to shareholders on the register at 9 January 2026.
Other financial highlights include:
• Revenue up 9% to £128.8m (2024: £118.2m).
• Adjusted operating profit marginally lower, as expected, at £9.7m (2024: £10.1m). A net margin of 7.5% (2024: 8.6%).
• Adjusted* earnings per share of 16.16 pence (2024: 20.00 pence), reflecting the half's adjusted operating profit and higher weighted share capital.
• Order intake of £122.3m (2024: £139.2m), 0.9x the period's revenue (2024: 1.2x).
• Sustained strong order book of £604.5m at 31st October (30 April 2025: £616.4m).
• Net debt at 31 October 2025 of £32.5m as highlighted in the AGM Update announcement (31 October 2024: £37.9m net funds; 30 April 2025: £5.3m net funds), reflecting planned capital expenditure and working capital build ahead of record planned deliveries in H2.
