Dividends
- Total dividend up 20% to 158p per share (FY 2024: 131.5p). This will be paid on 4 June 2026 to shareholders on the register on 15 May 2026. The ex-dividend date will be 14 May 2026.
- The proposed final dividend has increased by 20% to 108.0p per share (FY 2024: 90.0p), resulting in a total dividend for the year of 158.0p per share (FY 2024: 131.5p), an increase of 20% and represents dividend cover of 2.4x. This reflects Morgan Sindall Group's significant performance in the year, its strong balance sheet and their confidence in the long-term future prospects of the Group.
- As part of the Capital Allocation Framework set out below, the Group's dividend policy is to maintain annual dividend cover in the range of 2.0x-2.5x.
Other financial highlights:
- Revenue up 10% to £5.0bn; Adjusted profit before tax up 35% to £232.6m; PBTA margin expansion to 4.6% (FY 2024: 3.8%).
- Continued balance sheet strength: Net cash of £531m (FY 2024: £492m); Average daily net cash of £368m (FY 2024: £374m).
- High quality secured order book at £12.0bn up 5%, with preferred bidder work increasing to £7.1bn, totalling £19.1bn
