James Latham Plc (LTHM.L) on Thursday reported lower profit in fiscal 2025, impacted by higher costs, despite slightly higher revenues. The company also increased its final dividend for the year.
Regarding the current trading, the company noted that the gradual trend to improved market conditions has continued into the new financial year, with a slight improvement in the trading margin and volumes.
The UK-based distributor of timber and panels posted pre-tax profit of 24.28 million pounds in fiscal 2025, lower than last year's 30.26 million pounds.
James Latham's attributable profit for the year declined to 18.15 million pounds or 89.9 pence per share from 22.66 million pounds or 112.6 pence per share a year ago.
Operating profit declined to 20.19 million pounds from 26.14 million pounds in the previous year.
The company's annual revenue, however, rose marginally to 366.61 million pounds from 366.51 million pounds reported in fiscal 2024.
Further, the company's Board declared a final dividend of 27.3 pence per share, higher than last year's 26.0 pence per share. With this, the total dividend per share was 35.25 pence, higher than last year's 33.75 pence. The final dividend is payable on August 22 to shareholders on August 1.
On the LSE, the stock is currently trading up 1.32 percent at 1,150 pence.
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