The Midwich Group Plc Board is to declare an interim dividend of 1.9 pence per share (H1 2025: 1.75p). This will be paid on 6 November 2026 to those shareholders on the Company's register as at 2 October 2026, with an ex-dividend date of 1st October 2026.
Other financial highlights include:
Revenue increased by 3.2% (2.4% at constant currency) to £640.3m due to strong organic growth in the UK, Iberia, and US which more than offset declines in the Middle East, Germany, and Canada.
Adjusted profit before tax increased 10.3% (9.6% at constant currency) to £10.6m (H1 2025: £9.6m) with adjusted operating profit margins maintained year on year. Excluding the Middle East and exited businesses, adjusted profit before tax increased by around 20% in the period.
Statutory operating profit of £10.3m (H1 2025: £4.7m) increasing 119% combined with a return to a statutory profit before tax of £4.3m (H1 2025: £3.0m loss).
Adjusted net debt of £138.1m (H1 2025: £148.2m) at the period end in line with Board and management expectations with an adjusted net debt to adjusted EBITDA ratio of 2.4x for the 12 months to 30 June 2026.
Adjusted EPS increased 13.7% to 7.86p (H1 2025: 6.91p).
