Dividend
- In the first half of 2025 Billington declared a final dividend in relation to the year ended 31 December 2024 of 25.0 pence per share. This amounted to a total payment of £3.2 million, which was 2.65 times covered by 2024 earnings.
- Billington declared a final dividend of 11.0 pence per share for 2025, which is covered 2.46 times by 2025 earnings.
- The dividend will be paid on 30 June 2026, subject to shareholder approval at the Company's AGM expected to be held on 2 June 2026. The associated ex-dividend date will be 4 June 2026 with a record date of 5 June 2026. No interim dividend for 2025 was declared (2024: nil), a policy consistent with prior years.
Other Financial Highlights
- Billington delivered a robust performance in 2025 against the backdrop of challenging market conditions, pricing pressure across the industry and client led contract slippage.
- Revenue reduced by 15.4% to £95.7 million (2024: £113.1 million), despite a 4.2% increase in Group productive hours, reflective of the Group's focus on more complex projects with reduced steel content.
- Underlying profit before tax of £4.1 million and £2.8 million of non-underlying costs incurred in the year, primarily as a result of the closure of the Group's Yate facility, resulting in a profit before tax of £1.3 million (2024: £10.8 million).
- Strong cash balance of £20.5 million maintained at year end (2024: £21.7 million) and the company remains debt free.
