The Begbies Traynor Group board is to declare an 8% increase in the interim dividend to 1.4p (2023: 1.3p), which will extend their seven consecutive years of dividend growth since 2017 and reflects their confidence in sustaining their financial track record and in the group's financial position and prospects. They remain committed to a long-term progressive dividend policy, which takes account of the group's earnings growth, their investment plans and cash requirements, together with the market outlook.
The interim dividend will be paid on 7 May 2025 to shareholders on the register on 11 April 2025, with an ex-dividend date of 10 April 2025.
Other financial highlights include:
Revenue growth of 16% (11% organic, 5% acquired)
Adjusted EBITDA growth of 20% reflecting revenue growth and improved margins
Adjusted profit before tax growth of 16%
Strong financial position and significant levels of headroom within committed bank facilities
o Free cash flow increased by 8%
o Net debt position at 31 October reflects significant payments in the period (acquisition earn outs of £4.1m, share buy-backs of £0.8m and dividends of £2.0m)
o Well placed to continue investing in successful organic and acquisitive growth strategy
