Paypoint have declared an increase of 3.3% in the final dividend to 18.6 pence per share (2022: 18.0 pence per share). One to be paid as an interim dividend and one to paid as a final dividend. This is payable in equal instalments of 9.3 pence per share (2022: 9.0 pence per share) on 1 September 2023 and 22 September 2023 to shareholders on the register on 11 August 2023. The final dividend is subject to the approval of shareholders at the annual general meeting on 7 September 2023.
Other financial highlights include:
- Net revenue from continuing operations of £128.9 million (FY22: £115.1 million) increased by £13.8 million (11.9%)
- Underlying EBITDA of £61.3 million (FY22: £58.2 million) increased by £3.1 million (5.2%)
- Underlying profit before tax (profit before tax excluding adjusting items) of £50.8 million (FY22: £48.0 million) increased by £2.8 million (5.8%)
- Strong underlying cash generation from continuing operations excluding exceptional items of £62.3 million (FY22: £53.9 million)
- Net corporate debt of £72.4 million (FY22: £43.9 million) increased by £28.5 million, after cash of £61.9 million used in Appreciate Group acquisition.
- Authority in place, and to be renewed at AGM on 7 September 2023, for any future share buyback programme
