The Photo-Me Board has declared an interim dividend for the six-month period ended 30 April of 2.6 pence per Ordinary Share (the "Interim Dividend"), payable on 3 November 2022 to shareholders on the register at 14 October 2022, the ex-dividend date being 13 October 2022.
The Board is also to announce that it has approved an additional return of approximately £24.57 million to shareholders by way of a special dividend of 6.5 pence per ordinary share (the "Special Dividend") which will be payable on 1 September 2022 to shareholders on the register at 12 August 2022, the ex-dividend date being 11 August 2022.
Other financial highlights include:
Revenue was up 21.9% to £115.3 million (H1 2021: £94.6 million), resulting mostly from the continued easing of Covid-19 related restrictions across the Group's key operating markets and subsequent positive impact of increased demand for passports and other official documentation
EBITDA increased by 40.1% to £40.2 million (H1 2021: £28.7 million)
Reported profit before tax increased by 65.8% to £19.9 million (H1 2021: 12.0 million)
Cash generated from operations was up 33.0% to £29.8 million (H1 2021: £22.4 million)
Net cash position of £43.2 million, an increase of 155.6% (30 April 2021: £16.9 million)
