AJ Bell plc (AJB.L) reported that its profit attributable to equity holders of the parent company for the year ended 30 September 2024 increased to 84.30 million pounds or 20.34 pence per share from 68.22 million pounds or 16.53 pence per share in the prior year.
Profit before tax was 113.28 million pounds up from 87.66 million pounds in the previous year.
Annual revenue was 269.44 million pounds up from 218.23 million pounds in the prior year.
The company said its board recommended a final dividend of 8.25 pence per share compared to 7.25 pence per share paid last year. The final ordinary dividend will be paid, subject to shareholder approval, at AGM on 29 January 2025, to shareholders on the register at the close of business on 10 January 2025. This brings the total ordinary dividend for the financial year to 12.50 pence per share, representing an increase of 16% on the previous year.
The company announced the launch of a share buyback program of up to 30 million pounds, set to begin immediately.
The company said it remains confident in the long-term prospects of the business.
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