| 31-Dec-25 | 31-Dec-24 | 31-Dec-23 | 31-Dec-22 | 31-Dec-21 | 1st Interim | 2.67p | 2.62p | 2.58p | 2.52p | n/a | 2nd Interim | 2.77p | 2.62p | 2.58p | 2.52p | n/a | 3rd Interim | 2.77p | 2.67p | 2.58p | 2.52p | n/a | 4th Interim | 2.77p | 2.67p | 2.62p | 2.58p | n/a | Total Dividend | 11.00p | 10.60p | 10.35p | 10.15p | n/a |
|---|
| £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
| Income Statement | 31-Dec-25 | 31-Dec-24 | 31-Dec-23 | 31-Dec-22 | 31-Dec-21 |
| Turnover | 21.26 | 20.51 | 14.86 | 14.63 | 13.47 |
| Operating Profit/(Loss) | 20.26 | 19.54 | 14.38 | 13.88 | 12.54 |
| Net Interest | (0.71) | (0.90) | (0.65) | (0.38) | (0.29) |
| Profit Before Tax | 19.55 | 18.64 | 13.73 | 13.50 | 12.25 |
| Profit After Tax | 19.24 | 18.30 | 13.48 | 13.42 | 12.15 |
| Total Dividend Paid | n/a | n/a | n/a | n/a | n/a |
| Retained Profit/(Loss) for the Financial Year | 19.24 | 18.30 | 13.48 | 13.42 | 12.15 |
| Earnings per Share - Basic | 11.28p | 10.74p | 10.39p | 10.37p | 9.44p |
| Earnings per Share - Diluted | 11.28p | 10.74p | 10.39p | 10.37p | 9.44p |
| Earnings per Share - Adjusted | 11.28p | 10.74p | 10.39p | 10.37p | 9.44p |
| Dividend per Share | 10.90p | 10.60p | 10.35p | 10.15p | 9.95p |
| £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
| Balance Sheet | 31-Dec-25 | 31-Dec-24 | 31-Dec-23 | 31-Dec-22 | 31-Dec-21 |
| Fixed Assets | |||||
| Intangible Assets | n/a | n/a | n/a | n/a | n/a |
| Tangible Assets | n/a | n/a | n/a | n/a | n/a |
| Fixed Investments | 399.87 | 366.79 | 270.01 | 260.05 | 289.09 |
| 399.87 | 366.79 | 270.01 | 260.05 | 289.09 | |
| Current Assets | |||||
| Stocks | n/a | n/a | n/a | n/a | n/a |
| Debtors | 2.33 | 2.32 | 2.09 | 1.93 | 1.93 |
| Cash at Bank & in Hand | 3.75 | 2.49 | 1.99 | 2.87 | 3.94 |
| Other Current Assets | n/a | n/a | n/a | n/a | n/a |
| Other Assets | n/a | n/a | n/a | n/a | n/a |
| Total Assets | 405.94 | 371.61 | 274.09 | 264.85 | 294.97 |
| Liabilities | |||||
| Creditors: Amount Due Within 1 Year | 45.86 | 48.52 | 31.88 | 30.72 | 38.88 |
| Net Current Assets | 39.78 | 43.70 | (27.80) | (25.92) | (33.01) |
| Creditors: Amount Due Over 1 Year | 19.89 | 19.88 | 19.87 | 19.86 | 19.85 |
| Provisions for Liabilities & Charges | n/a | n/a | n/a | n/a | n/a |
| Other Liabilities | n/a | n/a | n/a | n/a | n/a |
| Total Liabilities | 65.75 | 68.40 | 51.75 | 50.58 | 58.73 |
| Net Assets | 340.19 | 303.21 | 222.34 | 214.28 | 236.23 |
| Capital & Reserves | |||||
| Called Up Share Capital | 8.61 | 8.61 | 6.49 | 6.49 | 6.43 |
| Share Premium Account | 198.63 | 198.63 | 128.83 | 128.83 | 126.78 |
| Other Reserves | 121.97 | 85.79 | 78.11 | 70.17 | 94.62 |
| Profit & Loss Account | 10.99 | 10.19 | 8.92 | 8.79 | 8.40 |
| Shareholders Funds | 340.19 | 303.21 | 222.34 | 214.28 | 236.23 |
| Minority Interests | n/a | n/a | n/a | n/a | n/a |
| Capital Employed | 340.19 | 303.21 | 222.34 | 214.28 | 236.23 |
| Cash Flow | 31-Dec-25 | 31-Dec-24 | 31-Dec-23 | 31-Dec-22 | 31-Dec-21 |
| Net Cash Flow From Operating Activities | 19.26 | 17.92 | 12.88 | 13.26 | 11.59 |
| Returns On Investment & Servicing of Finance | n/a | n/a | n/a | n/a | n/a |
| Taxation Paid | n/a | n/a | n/a | n/a | n/a |
| Capital Expenditure | 10.75 | (46.67) | (0.36) | 8.74 | (2.55) |
| Acquisitions & Disposals | n/a | n/a | n/a | n/a | n/a |
| Equity Dividends Paid | (18.44) | (17.03) | (13.35) | n/a | (12.73) |
| Management of Liquid Resources | n/a | n/a | n/a | n/a | n/a |
| Financing | (10.46) | 46.77 | (0.93) | (23.78) | 7.06 |
| Net Increase/Decrease In Cash | 1.11 | 0.99 | (1.75) | (1.77) | 3.36 |
| Ratios | 31-Dec-25 | 31-Dec-24 | 31-Dec-23 | 31-Dec-22 | 31-Dec-21 |
| PE Ratio | 16.6 | 15.1 | 15.1 | 15.9 | 18.8 |
| PEG | 3.3 | 5.0 | n/a | 1.6 | 1.9 |
| EPS Growth | 5% | 3% | 0% | 10% | 10% |
| Dividend Yield | 5.8% | 6.5% | 6.6% | 6.1% | 5.6% |
| Dividend Cover | 1.03 | 1.01 | 1.00 | 1.02 | 0.95 |
| Dividend per Share Growth | 2.83% | 2.42% | 1.97% | 2.01% | 0.51% |
| Operating Cashflow Per Share | 11.36p | 10.57p | 7.60p | 7.82p | 6.84p |
| Pre-tax Profit per Share | 11.53p | 10.99p | 8.10p | 7.97p | 7.23p |
| Cash Increase / Decrease per Share | 0.65p | 0.58p | (1.03p) | (1.05p) | 1.98p |
| Turnover per Share | 12.54p | 12.10p | 8.77p | 8.63p | 7.95p |
| Net Asset Value per Share | 200.68p | 178.86p | 131.16p | 126.40p | 139.35p |
| Operating Margin | 95.31% | 95.27% | 96.75% | 94.89% | 93.13% |
| ROCE | n/a | n/a | n/a | n/a | n/a |
| Net Gearing | 18.23% | 21.74% | 22.38% | 22.26% | 23.19% |
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