In 2023, the Company paid its first cash dividend, a one-off special dividend of £3.1 million. From 2024, as part of the Company's annual dividend policy, the firm will pay an annual dividend in light of the cash-generative qualities of the business and the substantial cash balances on hand. A dividend of 0.20p per Ordinary Share will be payable on 20 May 2024 to shareholders on the register on 19 April 2024, subject to shareholder approval at the AGM. The corresponding ex-dividend date is 18 April 2024.
Other financial highlights include:
Revenue up 16% to £56.0 million (2022: £48.5 million)
EBITDA up 44% to £13.0 million (2022: £9.1 million)
EBITDA margins of 23.3% (2022: 18.7%)
Cash and cash equivalents of £37.0 million as at 31 December 2023 (31 December 2022: £28.4 million)
Adjusted basic EPS increased 32% to 1.27p per share (2022: 0.96p)
