MONY Group Plc (MONY.L), a technology-based savings platform, reported Monday higher profit in fiscal 2024, driven by increased revenues.
Looking ahead, the company said its Board is confident to deliver Adjusted EBITDA for 2025 broadly within current published consensus.
Market expectations for Adjusted EBITDA for 2025 from the analyst consensus on the company's investor website is 147.0 million pounds, with a range of 143.1 million pounds to 151.7 million pounds.
The company remains well positioned to continue to deliver sustainable, profitable growth.
Further, the Board has proposed a final dividend per share of 9.2p, higher than last year's 8.9 pence. The total dividend for FY24 would be 12.5p, up 3 percent from last year. The final dividend will be paid on May 16 to shareholders on the register on April 11.
Separately, MONY Group announced that it will commence a share repurchase programme of its ordinary shares of 0.02 pence each up to a maximum consideration of 30 million pounds.
For fiscal 2024, the company's profit before taxation climbed to 108.7 million pounds from last year's 92.1 million pounds.
Earnings per ordinary share grew to 14.9 pence from 13.5 pence last year.
Adjusted earnings per share were 17.0 pence, compared to 16.2 pence a year earlier.
Adjusted EBITDA went up 7 percent from last year to 141.8 million pounds, with Adjusted EBITDA margin expanded 1 percentage point to 32 percent, driven by continued robust cost management.
Group Revenue increased 2 percent to 439.2 million pounds from last year's 432.1 million pounds, mainly reflecting good performance in Insurance particularly in the first half, as well as growth in Cashback.
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