JTC Plc proposed a final dividend of 8.24p, resulting in a 2024 dividend per share of 12.54p (2023: 11.17p), which was a 12.3% increase on the prior year
STRONG FINANCIAL PERFORMANCE
Revenue +18.6%, driven by net organic growth of 11.3% (2023: 19.9%)
Underlying EBITDA +18.4% to £101.7m (2023: £85.9m) with consistent underlying EBITDA margin of 33.3% (2023: 33.4%)
New business wins +15.9% to a record £35.7m (2023: £30.8m)
Excellent underlying cash conversion of 98% (2023: 106%)
Leverage of 1.79x underlying EBITDA at period end, comfortably within the guidance range of 1.5x - 2.0x
Undrawn funds of £125.9m of £400m facility at period end
Total dividend per share +12.3% to 12.54p (2023: 11.17p)
Doubling of business in Galaxy era marked by award of c.£50m in JTC shares to all eligible employees in July 2024, reflected in reported earnings
