The ITV Board has proposed a final dividend of 3.3p (2023: 3.3p), giving an ordinary dividend of 5.0p per share for the full year 2024 (2023: 5.0p), a total of £190 million.
Other financial highlights include:
Group total revenue was down 3% at £4,140 million, with growth in total advertising revenue (TAR) offset by the expected decline in ITV Studios revenue
Group external revenue was down 4% at £3,488 million
Group adjusted EBITA was up 11% at £542 million reflecting record profits in ITV Studios, higher profits and increased margin in Media & Entertainment (M&E) and £60 million of efficiencies delivered across the Group. Adjusted EPS was up 23% at 9.6p
EBITA was £526 million (2023: £404 million). Statutory operating profit was £318 million (2023: £238 million), statutory profit before tax was £521 million (2023: £193 million), and statutory EPS was 10.4p (2023: 5.2p)
Profit to cash conversion of 83% and a robust balance sheet, with net debt of £431 million (31 December 2023: £553 million) and net debt to adjusted EBITDA leverage of 0.7x (31 December 2023: 1.0x)
