2025 Interim Summary
- Underlying profit before taxation* of £39.4m (2024: £51.5m)
 - Underlying basic earnings per share* of 98.6p (2024: 129.1p)
 - Strong balance sheet, with £206.2m of free cash resources* (30 June 2024: £178.4m)
 
* Classed as an Alternative Performance Measure ('APM').
- Increased interim dividend of 33p per share (2024: 32p per share) – 23rd consecutive year of dividend increases
 - The Board’s expectation remains that the year will be second-half weighted and in line with the AGM Trading Statement
 
Interim results summary
To 30 June 2025
Six months ended 30 June 2025 | 
Six months ended 30 June 2024 | 
|
| Revenue | £297.8m | £310.1m | 
| Underlying profit before taxation* | £39.4m | £51.5m | 
| Reported profit before taxation | £37.5m | £50.1m | 
| Underlying basic earnings per share* | 98.6p | 129.1p | 
| Reported basic earnings per share | 93.0p | 124.6p | 
| Interim Dividend per share | 33p | 32p | 
* Classed as an Alternative Performance Measure ('APM').
2024 Performance Summary
- Another record underlying profit before taxation* of £115.3m (2023: £109.2m), an increase of 6%
 - Underlying basic earnings per share* increased 4% to 286.9p (2023: 275.0p)
 - Full year dividend of 109p, an increase of 7% on 2023, giving rise to a 22nd consecutive year of dividend growth
 
* Classed as an Alternative Performance Measure ('APM').
- Forward order book as at 31 December 2024, for invoicing in 2025 was US$231m (31 December 2023: US$217m)
 - Strong balance sheet with free cash resources* of £216.3m (2023: £175.4m)
 
Results summary
To 31 December 2024
Year ended 31 Dec 2024 | 
Year ended 31 Dec 2023 | 
|
| Revenue | £661.4m | £639.4m | 
| Underlying profit before taxation* | £115.3m | £109.2m | 
| Reported profit before taxation | £112.1m | £108.8m | 
| Underlying basic earnings per share* | 286.9p | 275.0p | 
| Reported basic earnings per share | 277.1p | 275.2p | 
| Dividend per share | 109p | 102p | 
* Classed as an Alternative Performance Measure ('APM').