Tracis plc Board has proposed final dividend of 1.1p per share, with total dividend of 2.0p per share (2021: nil) consistent with the Group's progressive dividend policy that was restored at the half-year. The final dividend, subject to shareholder approval at the forthcoming Annual General Meeting, will be paid on 10 February 2023 to shareholders on the register at the close of business on 27 January 2023. This will bring the total dividend for the year to 2.0 pence per share.
Other financial highlights include:
Strong financial performance with high levels of organic and acquisitive growth
Revenue increased by 37% to £68.7m (2021: £50.2m)
o Organic revenue growth of 24%
o 63% revenue growth in Data, Analytics, Consultancy and Events Division, including post-Covid recovery and contribution from acquisitions
o Rail Technology and Services Division revenue increased by 13% including the benefit from multi-year software contract wins that went live during the year and the RailComm acquisition
Adjusted EBITDA increased by 9% to £14.2m (2021: £13.0m)
Profit before tax of £2.6m (2021: £4.6m) after £3.1m of exceptional items including increase in fair value of contingent consideration and transaction costs associated with acquisition of businesses
Total cash balances of £17.2m with no debt (31 July 2021: £25.4m) after £13.5m net investment in acquisitions, and contingent and deferred consideration
, with total dividend of 2.0p per share (2021: nil) consistent with the Group's progressive dividend policy that was restored at the half-year
