The Microlise Board has recommended a final dividend for the year ended 31 March 2026 of 22.2p per ordinary share (2025: 12.3p) to be paid as a PID. This final dividend will result in a further estimated distribution of £164m (2025: £92m). Subject to shareholders' approval at the Annual General Meeting, the final dividend will be paid on 24 July 2026 to shareholders registered at the close of business on 19 June 2026.
Other financial highlights include:
Adjusted Revenue increased 3.7% to £84.0m (FY24: £81.0m), in line with revised market expectations, driven by strong expansion across direct customers in all core geographies, offset by lower OEM volumes and the delay of a small number of direct customer contract wins into FY26.
Adjusted EBITDA of £8.3m (FY24: £11.3m), with margin of 9.9% (FY24: 14.0%) reflecting revenue headwinds.
Adjusted Profit before Tax of £2.7m (FY24: £6.5m), partly driven by reduced operating profit and increased amortisation reflecting continued investment in technology development including rollout of the Microlise One platform.
Adjusted EPS of 1.72p (FY24: 4.19p).
Strong cash generation with adjusted operating cash flow of £13.3m (FY24: £10.3m), and a robust balance sheet with £16.7m of cash (FY24: £11.4m) and a £30m undrawn debt facility, consisting of a £10m committed revolving cash flow facility and a £20m accordion with HSBC.
