An interim dividend of 0.9 pence per share (H1 FY25: 1.55 pence per share) was approved by Ultimate Products on 23 March 2026 and will be paid on 26 June 2026 to shareholders on record as at 29 May 2026 (ex-dividend date being 28 May 2026).
Other financial highlights:
- Revenues down 6%, reflecting subdued consumer demand for general merchandise and a deliberate reduction in third-party clearance sales as we focus more on branded product sales
- Continued international expansion, with international branded sales up 19% to £27.7m, driven by branded sales to EU discounters, where sales increased 91%
- Adjusted EBITDA* of £5.0m (H1 FY25: £7.0m), which includes £0.4m of non-recurring costs relating to the reorganisation of the commercial function
- Operating cash conversion of 195% (H1 FY25: 16%), with a £4.6m reduction in working capital due to lower trading, and stock levels benefitting from more reliable freight times and customer order intake
