Dividend
- Final dividend of 9.0 pence per share proposed, a 12.5% increase (2024: 8.0p), in line with the Group's progressive dividend policy, and resulting in a full-year dividend of 12.8 pence (2024: 11.4 pence).
- Together with the 2025 interim dividend of 3.8 pence per share (2024: 3.4p), the total dividend for 2025 has increased by 12.3%. The final dividend will be paid on 8 May 2026 to shareholders on the register at the close of business on 27 March 2026. The shares will be marked ex-dividend on 26 March 2026.
Other financial highlights:
- Under the final terms of the acquisition, as announced today, IPF Parent Holdings Limited ("BasePoint") shareholders will be entitled to receive 250 pence in cash for each IPF share, comprising 235 pence for each IPF share and a special dividend payment of 15 pence per IPF share, which is expected to be paid by IPF within 14 days of the effective date.
- Group pre-exceptional profit before tax of £88.6m1 (2024: £85.2m1), driven by strong operational delivery and continued progress against their Next Gen strategy.
- Customer numbers up by 4.7% year on year to 1.7m, supported by robust demand and an expanded product set. Robust credit quality and customer repayment performance across the Group delivered an impairment rate of 9.0% (2024: 9.6%), whilst absorbing higher up-front IFRS 9 impairment charges.
- Next Gen growth strategy driving scale and efficiency, with nearly 200,000 customers are now enjoying the utility of ProviSmart credit cards in Poland, and a credit card pilot has recently been launched in Romania. An additional £5m per annum will be invested in new initiatives over the next two to three years to strengthen the Group's medium-term performance.
