Volution Group (FAN.L), on Thursday, reported revenue of £172.5 million for the six months to 31 January 2025, up 8.9% from the prior year's £187.8 million.
The adjusted operating profit grew by 10.4%, reaching £42.6 million compared to £38.6 million in the previous period, and the adjusted operating profit margin improved by 0.3 percentage points, from 22.4% to 22.7%.
The adjusted profit before tax also saw a significant rise, moving up by 10.4% to £38.6 million from £35.0 million. Adjusted basic earnings per share increased by 11.7%, reaching 15.3 pence, up from 13.7 pence. Moreover, the adjusted operating cash flow showed a remarkable increase of 23.4%, climbing from £38.8 million to £47.9 million.
On the statutory side, the results indicated a slight decline in some key metrics. The statutory operating profit decreased by 6.2%, from £33.7 million to £31.6 million, while the statutory profit before tax fell by 11.3%, from £29.0 million to £25.7 million. Statutory basic EPS dropped by 14.4%, from 11.1 pence to 9.5 pence.
Despite some declines in the statutory figures, the company announced a significant increase in the interim dividend per share, which rose by 21.4%, from 2.8 pence to 3.4 pence. This increase in dividend reflects the company's confidence in its financial stability and future prospects.
Ronnie George, Chief Executive Officer, said, "With these results, we have once again demonstrated our ability to outperform our markets. We delivered a strong performance in the first half, with good organic growth supplemented by two months of contribution from Fantech, our largest acquisition to date. Our adjusted operating margin was ahead of the prior year, whilst our adjusted earnings growth and cash performance were strong."
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