Softcat Plc (SCT.L), a UK-based IT infrastructure products and services provider, Wednesday reported increased profit before tax for its fiscal year 2025 compared to last year with higher revenues. Further, the company lifted annual dividend, proposed a special dividend, and maintained fiscal 2026 outlook.
On the London Stock Exchange, the shares were trading 5.55 percent higher at 1,655 pence.
In fiscal 2025, the company's profit before taxation was 178.20 million pounds, higher than 159.40 million pounds in the earlier year.
Softcat's profit attributable to owners of the parent was 133.01 million pounds, an improvement from last year's 119.04 million pounds.
For the reported period, earnings per ordinary share was 66.2 pence, compared to 59.4 pence a year ago.
Underlying basic earnings per share were 69.5 pence, compared to 59.7 pence last year.
Operating profit was up by 12.2 percent to 172.90 million pounds from 154.06 million pounds last year. For the 12-month period, underlying operating profit rose to 180.13 million pounds from 154.06 million pounds in the year earlier.
Revenue grew 51.5 percent to 1.46 billion pounds from 962.63 million pounds last year.
Total gross invoiced income was 3.62 billion pounds, up 26.8 percent from 2.85 billion pounds a year ago.
Further, Softcat said its board has proposed a final dividend of 20.4 pence per share, higher than 18.1 pence of last year, which will be paid on December 16, to shareholders on the register at the close of business on November 7.
The total dividend for the year would be 29.3 pence per share, a growth from 26.6 pence last year.
The Board also proposed a further special dividend payment of 16.1p per share, 23% lower than last year's 20.9 pence.
Looking ahead, Graham Charlton, CEO, said, "Our fiscal year 2026 outlook remains consistent with that provided in year ended 2025 trading update on August 28. Our guidance for the year ending 2026 includes the committed pipeline of further large projects. These are estimated to be reported in first half which means growth in underlying operating profit in full year 2026 will be first half weighted."
For the year 2026, the company continues to expect to deliver low double-digit gross profit growth and high single-digit underlying operating profit growth. Including the significant incremental contribution from large deals in the comparative period, this translates to reported rates of high single-digit gross profit growth and low single-digit growth in underlying operating profit.
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