The JTC Board has declared an interim dividend of 4.3p per share, an increase of 0.8p period on period (H1 2023: 3.5p). The interim dividend will be paid on 25 October 2024 to shareholders on the register as at close of business on the record date of 27 September 2024. The shares will become ex-dividend on 26 September 2024.
Other financial highlights include:
Revenue +21.1% to £147.1m (H1 2023: £121.5m)
Underlying EBITDA +22.3% to £49.1m (H1 2023: £40.2m) with an underlying EBITDA margin of 33.4% (H1 2023: 33.1%)
Outstanding LTM net organic revenue growth of 12.5%, ahead their upgraded guidance of 10%+ per annum
Strong US gross revenue growth of 83.4%
Record new business wins +28.8% to £18.8 (H1 2023: £14.6m)
Further reduction in client attrition to 4.8% (LTM H1 2023: 5.7%) reflecting the longevity and strength of client relationships
Underlying cash conversion of 104% (H1 2023: 113%)
Leverage at 1.39x underlying EBITDA at period end, below the guidance range of 1.5x - 2.0
