Totally Health Plc announce a final dividend of 0.125 pence per share, making a total dividend for the year of 0.625 pence per share (2022: 1.00 pence per share)
Other financial highlights include:
• Revenue up 6.5% to £135.7 million (2022: £127.4 million).
• Gross margin increased 0.4pp to 18.4% (2022: 18.0%).
• Underlying EBITDA increased 11% to £6.9 million (2022: £6.2 million), excluding £0.6 million in exceptional items.
• Substantial increase in profit before tax to £1.8 million (2022: £1.3 million).
• Gross cash as at 31 March 2023 of £6.5 million (31 March 2022: £15.3 million).
• Cash consumption in the year of £8.9 million includes £8.2 million on investing activities, including £6.4 million of contingent consideration relating to acquisitions.
• Increase in basic earnings per share to 0.94 pence (2022: 0.92 pence).
• Electives care revenue almost doubled to £35.2 million (2022: £17.8 million) with gross margin increasing to 19.8% (2022: 18.4%). Excluding the impact of acquired revenue in FY22 (£12 million) organic growth was 21%.
• Urgent Care revenue decreased 10% to £98.8 million (2022: £109.2 million) as four contracts in North West London came to an end; with gross margin stable at 17.6% (2023 17.7%).
• Corporate wellbeing revenue of £1.7 million (2022: £0.3 million) with gross margin increasing to 41.5% (2022: 31.9%). Excluding the impact of acquired revenue in FY22 (c. £1.2 million) organic growth was 40%.
