During the year the Company paid the final dividend in respect of FY21 of £2.1m, and an interim dividend in respect of FY22 of £1.0m. The Board is proposing a full year dividend in respect of FY22 of 3.25 pence, an increase of 8% on the FY21 dividend of 3.0 pence. The proposed final dividend of 2.25 pence (FY21: 2.00 pence) reflects the Group's strong business performance and cash generation during the year. The dividend is payable on 19 June 2023, to shareholders on the register on 23 May 2023 with an ex-dividend date of 22 May 2023, subject to shareholder approval at the Company's annual general meeting.
Other Financial Highlights:
- Financial performance in line with Board expectations
- Core revenue growth of 8% to £56.4m ahead of their medium-term target, underpinned by growth in Fintech and Research division
- Solid adjusted EBITDA margin of 29.1% delivered alongside continued reinvestment into digital capabilities
- Improved quality of earnings across all divisions, with SaaS and subscription revenue growing 7% to £36.8m
- Statutory EBITDA of £16.7m (FY21: £25m) and Statutory EPS 9.5 pence per share (FY21: 15.7 pence per share). FY21 results benefit from one off exceptional gains of £7.8m.
- Net cash position of £12.8m (FY21: £2.6m) with Revolving Credit Facility ("RCF") fully repaid and undrawn since June 2022 driven by operating cash conversion of 118% (FY21: 116%)
- Strong balance sheet with new and increased four year £80m RCF completed in December 2022, on more favourable terms, providing significant, flexible funding capacity for inorganic and organic growth opportunities arising in the market
