Key Performance Information: Full Year Results 2024/25
Strong growth and high returns
Revenue
+11%
£2,248m
(FY24: £2,034m)
(FY24: £2,034m)
EBIT1
+15%
margin: 21.6%
(FY24: 20.8%)
(FY24: 20.8%)
ROTIC3
+15.0%
(FY24: 14.4%)
Continued strategic investment
R&D spend
£108m
4.8% of revenue
(FY24: £104m; 5.1%4)
(FY24: £104m; 5.1%4)
7 Acquisitions5
£157m
(FY24: 8 acquisitions; £292m)
Acquisition Profit6
3.5%
(FY24: 6.6%)
Strong financial position; further dividend growth
Cash conversion
112%
(FY24: 103%)
Net debt to EBITDA
0.97x
(FY24: 1.35x)
Dividend for the year
+7%
23.12p
(FY24: 21.61p)
(FY24: 21.61p)
1: Adjusted2 EBIT. 2: Profit before amortisation and impairment of acquired intangibles, acquisition items, significant restructuring costs, profit on disposal of operations, and impairment of associates. 3: Return on Total Invested Capital. 4: FY24 R&D restated. 5: Maximum total consideration on a cash- and debt-free basis. 6: Annualised profit at the date of acquisition of acquisitions made in the year as a percentage of prior year adjusted profit.
