Dividend
- Being mindful of the importance of a strong balance sheet position to enable execution of the Group's strategic and operational priorities in the near term, as well as the overall still volatile macro backdrop, the Board is not proposing a final dividend (2024: 17p per share final dividend), and similarly did not pay an interim dividend (2024: 6.5p interim dividend).
Other Financial Highlights
- Revenue for the year decreased by 12% to £781.1m (2024: £892.1m).
- Loss for the year attributable to equity holders of the parent is £26.8m (2024: £6.0m). Operating loss of £14.9m includes £4.4m of redundancy costs, reflecting management actions to further position the business to execute to a higher level.
- Cash generated from operations during the year was £14.4m (2024: £26.2m), with negative free cash flow of £14.6m (2024: negative free cash flow of £8.0m) after interest and borrowing costs, repayment of lease liabilities, taxation and capital expenditure. Closing net cash (defined as cash and cash equivalents net of bank overdrafts and borrowings) was £26.2m (2024: £52.5m). The £26.3m reduction in net cash over the year includes the £11.2m payment of the 2024 final dividend - made in May 2025.
