Dividend
- Proposed final dividend of 82.3p, resulting in a total dividend of 115p in respect of 2025. This is a 10% increase on prior year (2024: 104.5p), whilst retaining a healthy cover of 2.4 times (2024: 2.7 times) adjusted earnings per share to enable sustained progression.
- The proposed final dividend, if approved by shareholders, will be payable on Friday 10 July 2026 to shareholders on the register on Friday 12 June 2026. The shares will go ex-dividend on Thursday 11 June 2026.
- The company's shareholders are reminded that a Dividend Reinvestment Plan (DRIP) is in place to enable shareholders to automatically reinvest their dividends into additional Judges shares should they so wish.
Other Financial Highlights
- Challenging FY25, due to reduced order intake in United States, the company's largest market, caused by uncertainties surrounding federal funding for scientific research. Additionally, despite general resilience in industrial-focussed markets, H2 saw reduced investments in offshore wind which previously had been a strong growth driver.
- Overall, whilst the trading performance of the company has been disappointing for a second successive year, the Group's business model has continued to deliver strong cash conversion to support its strategy of disciplined investments and increased dividends for shareholders.
- Organic revenue increased 6% compared with 2024 (up 2% ex. Geotek coring expedition). Organic order intake down 10% compared with 2024 (down 6% ex. Geotek coring expedition). Organic order book of 15.7 weeks (2024: 18.7 weeks and 16.9 weeks ex. Geotek coring expedition); total order book of 13.4 weeks. Cash conversion of 118% (2024: 122%).
