The Craneware Board proposes a final dividend of 15.5p (18.80 cents) per share giving a total dividend for the year of 28p (33.96 cents) per share (FY21: 27.5p (38.10 cents) per share), an increase of 2%. Subject to approval at the Annual General Meeting, the final dividend will be paid on 16 December 2022 to shareholders on the register as at 25 November 2022, with a corresponding ex-Dividend date of 24 November 2022.
Other financial highlights include:
Revenue increased 119% to $165.5m (FY21: $75.6m)
Adjusted EBITDA increased 91% to $51.8m (FY21: $27.1m)
Statutory Profit before tax $13.1m (FY21: $13.2m) reflecting increased operating profit offset by amortisation of acquired intangibles and bank interest payments resulting from the Sentry Data Systems, Inc. ("Sentry") acquisition
Basic adjusted EPS increased 29% to 89.0 cents (FY21: 69.0 cents) and adjusted diluted EPS increased to 88.1 cents (FY21: 68.1 cents)
Basic EPS 26.8 cents (FY21: 48.1 cents) and diluted EPS 26.5 cents (FY21: 47.5 cents)
Annual Recurring Revenue increased by 164% to $170.3m (FY21 $64.5m)
Robust operating cash conversion at 80% of Adjusted EBITDA (FY21: 99%) reflecting different cash generation profiles of acquired business
Operating cash reserves (excluding restricted cash) at year-end of $47.2m (FY21: $48.3m) and Net Debt of $64.4m (FY21: $Nil)
