In line with their dividend policy, FRP Advisory Group Plc pays quarterly dividends, which have progressed yearly since IPO. Their board recommends a final dividend of 2.3p per eligible Ordinary Share for the financial year ended 30 April 2024. Subject to approval by shareholders at the AGM, the final dividend will be paid on 25 October 2024 to shareholders on the Company's register at close of business on 26 September 2024. If the final dividend is approved, the total dividends paid by the Company relating to FY 2024 will be 5.0p per eligible Ordinary Share (FY 2023: 4.6p).
Other financial highlights include:
- Revenue increased by 23% to £128.2 million (2023: £104.0 million) with 19% organic and 4% inorganic.
- Adjusted underlying EBITDA rose by 37% to £37.1 million (2023: £27.0 million).
- £1.4 million average revenue per Partner for the year (2023: £1.3 million).
- £29.9 million reported profit before tax for the year (2023: £15.6 million).
- Strong balance sheet maintained with year-end net cash of £29.7 million (2023: £22.9 million).
