A final dividend of 2.4p per share is recommended by the Redcentric Plc Board and will result in a total dividend for FY24 of 3.6p per share (financial year ended 31 March 2023 "FY23": 3.6p per share). Subject to approval by shareholders at the Company's annual general meeting ("AGM"), this is expected to be paid on 24 January 2025 to shareholders on the register at the close of business on 13 December 2024 with shares going ex-dividend on 12 December 2024. The last day for Dividend Reinvestment Plan elections is 2 January 2025.
Other financial highlights include:
Total revenue growth of 15.2% to £163.2m (FY23: £141.7m).
Recurring revenue grew by 16.1% to £149.1m, with recurring revenue representing 91.4% of the total revenue (FY23: £128.5m/90.7%).
Gross profit has increased by 17.0% to £118.0m.
Adjusted EBITDA of £28.3m is 15.6% ahead of FY23.
Adjusted operating profit increased by £1.1m to £9.7m (11.8% increase).
Adjusted net debt as at 31 March 2024 was £42.0m, excluding £30.3m of IFRS16 lease liabilities that were previously classified as operating leases under IAS17.
Reported operating profit increased by £9.8m to £0.9m.
Reported loss before tax has reduced by £7.8m to £4.7m (FY23: £12.5m).
