S&U writes that both the annual results and prospective trading suggest a final dividend of 45p per ordinary share (2025: 40p).
Total dividends for the year will therefore be £1.15 per share (2025: £1.00 per share). As usual, subject to shareholders approval at our AGM on 24th June, this will be paid on 24th July to shareholders on the register on 3rd July.
The company's share value has increased substantially over the past financial year, S&U can more directly and certainly reward shareholders through its dividend policy. In recent years, S&U has maintained a dividend cover ratio of between 1.3 and 2.3.
Other financial highlights:
- Profit before tax ("PBT"): £31.8m (2025: £24.0m)
- Revenue at £107.4m (2025: £115.6m)
- Group net receivables at period end at £496.8m (31.1.25: £435.8m)
- Group impairment charge of £13.0m (2025: £35.6m) reflecting increased quality Advantage and Aspen loan books
- Group net finance costs at £14.3m (2025: £18.1m) reflecting lower average borrowings
- Basic earnings per share: 195.2p (2025: 147.4p)
- Final dividend of 45p per ordinary share to be paid on 24 July 2026 (2025: 40p)
- Net assets at a record £249m (2025: £238m)
- Net borrowings at £241.8m (31.1.25: £192.3m) - gearing at 97.1% (31.1.25: 80.8%)
