The Porvair plc Board recommends a final dividend of 4.2 pence per share, at a value of £1.9 million (2023: 4.0 pence per share, at a value of £1.8 million). The full year dividend increases by 5.0% to 6.3 pence per share, a value of £2.9 million (2023: 6.0 pence per share, a value of £2.8 million). The Company had £57.1 million (2023: £45.5 million) of distributable reserves at 30 November 2024.
Other financial highlights include:
Record revenue and profits.
Revenue up 9% to £192.6 million (2023: £176.0 million), 13% higher on a constant currency basis*.
Adjusted operating profit 8% higher at £24.5 million (2023: £22.6 million).
Operating profit 8% higher at £22.8 million (2023: £21.2 million).
Adjusted profit before tax 6% higher at £22.7 million (2023: £21.4 million).
Profit before tax 4% higher at £20.9 million (2023: £20.1 million).
Adjusted basic earnings per share 4% higher at 38.6 pence (2023: 37.2 pence).
Basic earnings per share 3% higher at 35.8 pence (2023: 34.8 pence).
Closing cash at £13.7 million (2023: £14.1 million) after investing £15.3 million (2023: £18.7 million) in capital expenditure and acquisitions.
