Weir Group publishes a final dividend of 22.1 pence per share. This equates to a total full year dividend of 41.7 pence per share, in line with their policy to pay out 33% of adjusted earnings per share (EPS) and represents an increase of 4% on the prior year. The final dividend will be paid on 29 May 2026 to shareholders on the register on 1 May 2026.
The ex date for the final dividend is 30 April 2026. The Record date for final dividend is 1 May 2026, where shareholders on the register at this date will receive the dividend. The final dividend paid will occur on 29 May 2026.
Other financial highlights:
- Net debt increased by £739m to £1,274m (2024: £535m) and includes £156m (2024: £127m) in respect of IFRS 16 'Leases'.
- The movement primarily reflects acquisitions of £761m, equity investments of £15m, dividends of £108m, exceptional cash flows of £49m, increased lease liabilities of £29m and the £37m adverse impact from the deconsolidation of the US-based subsidiary's cash balances, offset by free cash inflow of £267m.
- Net debt to EBITDA on a lender covenant basis increased to 1.9 times4 (2024: 0.7 times) compared to a covenant level of 3.5 times.
- The current year dividend is in line with the capital allocation policy announced in Weir Group's 2020 Annual Report and Financial Statements, under which the Group intends to distribute 33% of adjusted earnings by way of dividend. As a result, dividend cover in 2025 is 3.0 times.
