The Cohort Board has declared an interim dividend of 5.25 pence per share (2023: 4.70 pence per share), an increase of more than 10%. The interim dividend is payable on 18 February 2025 to shareholders on the register at 10 January 2025.
Other financial highlights include:
Revenue, adjusted operating profit and net funds all ahead of recent guidance.
Revenue up 25% to £118.2m (2023: £94.3m).
Adjusted operating profit up 69% to £10.1m (2023: £6.0m). A net margin of 8.5% (2023: 6.4%).
Adjusted earnings per share of 20.00 pence (2023: 10.36 pence) reflecting the marked improvement in performance.
Order intake of £139.2m (2023: £119.1m), 1.2x the period's revenue (2023: 1.3x).
Record closing order book of £541.1m (30 April 2024: £518.7m).
Net funds of £37.9m at 31 October 2024 (31 October 2023: £13.3m net funds; 30 April 2024: £23.1m net funds), well ahead of expectations due to working capital flows that included strong customer advances.
