Dividend
- Mears Group declares final dividend of 11.90p, increasing the full year dividend by 9% to 17.50p (FY24: 16.00p) reflecting the Board's increasing confidence in the outlook.
Other Financial Highlights
- Consistent with the Group's capital allocation strategy, the Board has approved a new £20m share buyback programme which is expected to be launched in April 2026.
- Group revenues increased to £1,135.5m (FY24: £1,132.5m). Strong growth in Maintenance-led activities (organic, +11%), which represents 55% of Group revenue (FY24: 49%) offset, as anticipated, by a reduction in Management-led revenues, a trend that is expected to continue.
- Profit before tax marginally lower at £63.5m (FY24: £64.1m) but adjusted operating margin strengthened further to 5.7%1 (FY24: 5.6%) reflecting robust commercial and operational performance.
- Excellent cash performance with average daily adjusted net cash of £52.8m (FY24: £59.6m)
