Hill & Smith announces final dividend proposed of 35.0p, making a total dividend of 53.0p, up 8%. Commencing with the interim dividend for the year ending 31 December 2026, due to be paid in January 2027, dividends will be declared in US dollars.
Other financial highlights:
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In addition to their growing dividend, we also announced a £100m share buyback in August 2025, providing additional returns to shareholders within their capital allocation framework and reflecting the Group's strong balance sheet.
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The Group remains highly cash generative and continues to deliver strong returns: cash conversion for the year was 91% (2024: 99%), above our targeted level of 80%, with return on invested capital (ROIC) increasing by 190 bps to 26.7% (2024: 24.8%). The Group's balance sheet continues to strengthen, and year end covenant leverage of 0.1 times provides significant flexibility to support both organic and inorganic investment for growth, alongside shareholder returns from a growing dividend and the ongoing share buyback programme.
