The FRP Advisory Group plc Board recommends a final dividend of 2.05p per eligible Ordinary Share for the financial year ended 30 April 2023. Subject to approval by shareholders, the final dividend will be paid on 27 October 2023 to shareholders on the Company's register at close of business on 29 September 2023. If the final dividend is approved, the total dividends paid by the Company relating to the financial year ended 30 April 2023 will be 4.6p per eligible Ordinary Share (2022: 4.3p).
Other financial highlights include:
o Revenue increased by 9% to £104.0 million (2022: £95.2 million) with 8% organic, and 1% inorganic.
o Adjusted underlying EBITDA rose by 5% to £27.0 million (2022: £25.7 million).
o £1.3 million average revenue per Partner as at year-end (2022: £1.2 million).
o Reported profit before tax for the year grew to £15.6 million (2022: £15.1 million).
Strong balance sheet maintained with year-end net cash of £22.9 million (2022: £18.1 million). Banking facilities were refinanced in July 2023 for 3 years, on better terms.
