Final dividend of 6.4p proposed, bringing total dividends for 2016 to 9.1p per share, up 28.7% on 2015 and representing a 35% pay-out
Underlying basic earnings per share (EPS) increased 28.5% to 26.1p (2015: 20.3p) delivering underlying Return on Equity (ROE) of 29.1% (2015: 26.5%)
Total revenue for the year was £235.9 million, an increase of 42.6% (2015: £165.5 million), driven by an increase in core collections to £286.0 million (2015: £218.5m), resulting in an increase in Adjusted EBITDA of 36.7% to £209.2 million (2015: £153.1 million)
Capital-light asset management revenues now constitute 20% of total revenues
Profit after tax of £26.3 million (2015: £31.7 million), and basic EPS of 15.1p (2015: 18.2p). These include a number of one-off items, principally the costs associated with restructuring the group's long-term financing in September 2016 of £18.0 million
Underlying profit after tax up 28.7% to £45.6 million (2015: £35.4 million)
A record year for organic portfolio purchases of £223.0 million (2015: £176.3 million)
Our purchased loan portfolio asset base and loan notes increased by 37.2% to £804.1 million (2015: £586.3 million*), which is reflected in the increased value of the 84-month ERC from £1,028.6 million to £1,339.1 million, up 30.2%
Acquisition of InVesting B.V. ("Vesting") in the Netherlands and Belgium and agreed the proposed acquisition of Zenith Service S.p.A., ("Zenith") in Italy. These transactions coupled with the announcement to co-invest in the assets and servicing of the RNHB Hypotheekbank loan book in the Netherlands have enhanced our European mainland capabilities significantly
Successful refinancing of the £220 million bond and the £180 million revolving credit facility, reducing the Group's overall cost of debt to just under 5% and increasing the average debt facility maturity to 6 years
Group's credit ratings upgraded by both S&P (to BB- from B+ and the Group's Notes from BB- to BB) and Moody's (to Ba3 from B1)
