Dividend
Further to the impending tender offer highlighted above, the Board remain committed to delivering a progressive dividend policy. The Board is sufficiently confident in the outlook for the business to increase the interim dividend to 19.5p per share (Nov 24: 18.5p) representing a 5.4% increase. The interim dividend represents 50% of the Board's expected increased full year dividend of 39.0p (May 25: 37.0p). The interim dividend will be paid on 7 April 2026 to shareholders on the register on 20 March 2026.
Other Highlights
Group revenue has increased by over 46% driven by growth within Services on major infrastructure projects.
- Group EBITDA increased by 23% to £18.3m, due to the strong performance within Services
- Strong net margin maintained at 7% in Services
- Interim dividend increased by 5.4% to 19.5p reflecting the growth in profit and clear forward visibility
- Strong cash position of £37.3m (Nov 24: £15.7m) aided by the sale of the first tranche of the renewable energy land assets
