The A.G. Barr plc Board has declared an interim dividend for the 26 weeks ended 27 July 2024 of 3.10 pence per share (2023/24: 2.65 pence) payable on 1 November 2024 to shareholders on the register on 4 October 2024. This is in line with their policy of the interim dividend being 25% of the prior final year dividend.
Other financial highlights include:
○ Total revenue growth of 5.2%, driven by Soft Drinks up 7.0%, with Rubicon and IRN-BRU delivering both volume and price gains
○ A strong H1 profit performance from successfully executing a clear and consistent strategy. Profit before tax (adjusted) up 8.5%
○ Profit before tax of £24.9m is after £4.4m of one-off costs related to the closure of Barr Direct and the integration of Boost
○ Operating margin (adjusted) up 50 bps demonstrating further progress with the margin rebuild programme, with continued benefit anticipated in H2
○ Net cash at bank of £43.7m, down from £47.3m due to successful acquisition of Rio in October 23, along with significant availability on committed debt facilities to support future growth
