The Craneware Plc Board proposes a final dividend of 16.0p (20.23 cents) per share giving a total dividend for the year of 29p (36.67 cents) per share (FY23: 28.5p (35.95 cents) per share), an increase of 2%. Subject to approval at the Annual General Meeting, the final dividend will be paid on 18 December 2024 to shareholders on the register as at 29 November 2024, with a corresponding ex-Dividend date of 28 November 2024.
The final dividend of 16.0p per share is capable of being paid in US dollars subject to a shareholder having registered to receive their dividend in US dollars under the Company's Dividend Currency Election, or who register to do so by the close of business on 29 November 2024. The exact amount to be paid will be calculated by reference to the exchange rate to be announced on 29 November 2024. The final dividend referred to above in US dollars of 20.23 cents is given as an example only using the Balance Sheet date exchange rate of $1.2645/£1 and may differ from that finally announced.
Other financial highlights include:
Revenue increased 9% to $189.3m (FY23: $174.0m)
Adjusted EBITDA increased 6% to $58.3m (FY23: $54.9m)
Annual Recurring Revenue increased to $172.0m (FY23: $169.0m), associated Net Revenue Retention remains high at 98% (FY23: 100%)
Statutory Profit before tax increased 20% to $15.7m (FY23: $13.1m)
Adjusted basic EPS increased 9% to 94.8 cents (FY23: 87.0 cents) and adjusted diluted EPS increased to 93.9 cents (FY23: 86.3 cents)
Basic EPS 33.5 cents (FY23: 26.3 cents) and diluted EPS 33.2 cents (FY23: 26.1 cents)
Robust Operating Cash Conversion4 at 90% of Adjusted EBITDA (FY23: 92%)
Total Cash and cash equivalents $34.6m (FY23: $78.5m)
Significant reduction in Total Bank Debt in the year at $35.4m (FY23: $83.0m), with continued investment in the Trisus Platform
Completed share buyback programme utilising £5m ($6.3m) allocated
