FRP Advisory Group Plc Board has declared an interim dividend for Q2 2025 of 0.95p per eligible ordinary share. This dividend will be paid on 21 March 2025 to shareholders on the Company's register on 21 February 2025, with an ex-dividend date of 20 February 2025. This dividend takes the total for H1 2025 to 1.9p per eligible share (H1 2024: 1.8p).
Other financial highlights include:
Strong profitable growth
o Of the 32% total revenue increase, 23% was on an organic basis and 9% acquired (Wilson Field Group, GWC, Hilton Baird, Lexington, Williams Ali and Globalview acquisitions)
o Organic growth was driven by confidential advisory mandates (not formal appointments), and complex restructuring projects. It also included a strong contribution from the Body Shop and a large Corporate Finance project.
o Underlying adjusted EBITDA grew by 44% to £22.3m
Balance sheet strength maintained
o Net cash at 31 October 2024 of £13.3 million and an undrawn committed revolving credit facility ("RCF") of £10 million, and in addition £7.8m remaining in an accordion acquisition facility
