The Directors will be recommending to shareholders a final dividend of 3.0p (H2 2024: 11.0p per share). This, together with the interim dividend of 3.0p per share paid in July 2025, will bring the total dividend for the year to 6.0p per share (FY 2024: 19.0p). The total dividend is covered approximately 0.9 times by underlying annual earnings (2024: 1.56 times).
Other financial highlights include:
The Group's net assets at 31 August 2025 totalled £33.1m (31 August 2024: £38.6m), after completing share buybacks in the year of £1.96m and paying dividends totalling £2.6m.
Inventories were c.£3.8m lower at the end of the financial period at £16.3m (31 August 2024: £20.1m).
During the period, the Group generated cash from operations of £7.0m (FY 2024: £14.9m). Net interest received during the year amounted to £0.16m (FY 2024: £0.1m).
At the end of the financial year, the Group had a net cash position of £12.6m, compared to £13.2m at the end of the 2024
