The Mears Group Board is recommending a final dividend of 11.25p, increasing the full year dividend by 23% to 16.00p
Other Financial Highlights Include:
- Group revenues up 4% year-on-year to £1,132.5m (FY23: £1,089.3m).
- Profit before tax increased by 37% to £64.1m (FY23: £46.9m).
- Adjusted operating margin strengthened further to 5.6% (FY23: 4.7%) reflecting strong commercial and operation performance.
- Excellent cash performance with average daily adjusted net cash of £59.6m (FY23: £76.5m) after £40m of share buybacks were completed in FY24.
- Cash conversion at 101% of EBITDA (FY23: 123%, last 5-years: 115%).
- Adjusted net cash at 31 December 2024 of £91.4m (FY23: £109.1m).
