Mears Group (MER)

Sector:

Real Estate

Index:

FTSE Small Cap

414.00p
   
  • Change Today:
      4.50p
  • 52 Week High: 417.50
  • 52 Week Low: 311.50
  • Currency: UK Pounds
  • Shares Issued: 85.05m
  • Volume: 64,165
  • Market Cap: £352.09m
  • RiskGrade: 144

Dividend Data

  31-Dec-2531-Dec-2431-Dec-2331-Dec-2231-Dec-21
Interim Dividend5.60p4.75p3.70p3.25pn/a
Final Dividend11.90p11.25p9.30p7.25pn/a
Total Dividend17.50p16.00p3.70p10.50pn/a
For more dividend details, click here

Fundamentals - based on IFRS

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Income Statement 31-Dec-25 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21
Continuing Operations          
Revenue 1,135.46 1,132.51 1,089.33 959.61 878.42
Operating Profit/(Loss) 75.03 71.54 51.67 40.43 23.55
Net Interest (11.55) (8.42) (5.24) (6.34) (8.07)
Profit Before Tax 63.49 64.14 46.92 34.94 16.33
Profit After Tax 45.94 46.94 36.66 28.50 13.14
Discontinued Operations          
Profit After Tax n/a n/a n/a 0.49 1.12
PROFIT FOR THE PERIOD 45.94 46.94 36.66 29.00 14.26
Attributable to:          
Equity Holders of Parent Company 45.94 46.94 35.20 28.31 14.12
Minority Interests n/a n/a 1.46 0.69 0.14
           
Continuing EPS          
Earnings per Share - Basic 55.70p 50.27p 32.90p 25.07p 11.72p
Earnings per Share - Diluted 53.86p 48.86p 31.94p 24.51p 11.50p
Earnings per Share - Adjusted 55.70p 50.27p 32.90p 25.07p 18.23p
Continuing and Discontinued EPS          
Earnings per Share - Basic 55.70p 50.27p 32.90p 25.51p 12.73p
Earnings per Share - Diluted 53.86p 48.86p 31.94p 24.94p 12.49p
Earnings per Share - Adjusted 55.70p 50.27p 32.90p 25.51p 18.23p
           
Dividend per Share 17.50p 16.00p 13.00p 10.50p 8.00p
  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Balance Sheet 31-Dec-25 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21
Assets          
Non-Current Assets          
Property, Plant & Equipment 341.23 311.01 272.18 233.62 225.66
Intangible Assets 127.90 128.11 128.91 129.32 125.48
Investment Properties n/a n/a n/a n/a n/a
Investments 3.79 2.27 0.62 1.27 0.71
Other Financial Assets n/a n/a n/a n/a n/a
Other Non-Current Assets 44.29 33.44 24.29 30.88 54.10
  517.21 474.83 426.01 395.09 405.96
Current Assets          
Inventories 0.82 1.17 1.46 6.88 22.87
Trade & Other Receivables 155.03 133.21 126.69 128.33 148.30
Cash at Bank & in Hand 48.48 91.40 138.76 98.14 54.63
Current Asset Investments n/a n/a n/a n/a n/a
Other Current Assets 0.19 0.73 7.09 2.42 2.15
  204.52 226.51 274.00 235.77 227.96
           
Other Assets 18.38 n/a n/a n/a n/a
Total Assets 740.11 701.34 700.01 630.86 633.92
           
Liabilities          
Current Liabilities          
Borrowings 80.65 66.86 91.19 44.38 41.60
Other Current Liabilities 191.07 203.10 195.55 179.79 188.52
  271.72 269.96 286.74 224.17 230.12
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 238.07 230.64 199.95 181.04 175.29
Provisions 16.35 13.28 12.69 8.01 10.48
Other Non-Current Liabilities n/a n/a 0.17 3.82 17.00
  254.42 243.92 212.81 192.87 202.76
           
Other Liabilities 9.15 n/a n/a n/a n/a
Total Liabilities 535.29 513.88 499.55 417.04 432.88
           
Net Assets 204.82 187.46 200.46 213.82 201.04
           
Capital & Reserves          
Share Capital 3.51 3.49 1.02 1.11 1.11
Share Premium Account n/a n/a 2.33 82.35 82.26
Other Reserves (1.01) (3.18) 4.73 9.77 9.28
Retained Earnings 199.25 183.80 189.43 119.10 107.58
Shareholders Funds 201.74 184.11 197.51 212.33 200.24
           
Minority Interests/Other Equity 3.08 3.36 2.95 1.49 0.80
Total Equity 204.82 187.46 200.46 213.82 201.04
Cash Flow 31-Dec-25 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21
Net Cash Flow From Operating Activities 112.65 128.80 135.89 110.93 56.67
Returns On Investment & Servicing of Finance fn/a fn/a fn/a fn/a fn/a
Taxation Paid fn/a fn/a fn/a fn/a fn/a
Net Cash Flow from Investing Activities (37.46) (3.56) (25.65) (5.91) (6.20)
Acquisitions & Disposals gn/a gn/a gn/a gn/a gn/a
Dividends Paid fn/a fn/a fn/a fn/a fn/a
Management of Liquid Resources cn/a cn/a cn/a cn/a cn/a
Net Cash Flow from Financing Activities (114.79) (147.14) (95.08) (61.52) (92.06)
Net Increase/Decrease In Cash (39.60) (21.90) 15.16 43.51 (41.59)
Ratios - based on IFRS 31-Dec-25 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21
Continuing Operations          
PE Ratio - Adjusted 6.4 7.2 9.4 8.3 10.3
PEG - Adjusted 0.6 0.1 0.3 0.2 n/a
Earnings per Share Growth - Adjusted 11% 53% 31% 38% n/a
Dividend Cover 3.18 3.14 2.53 2.39 2.28
Revenue per Share 1,335.10p 1,331.63p 1,280.86p 1,128.34p 1,032.87p
Pre-Tax Profit per Share 74.65p 75.42p 55.17p 41.09p 19.20p
Operating Margin 6.61% 6.32% 4.74% 4.21% 2.68%
Return on Capital Employed 18.21% 19.60% 13.90% 12.99% 8.06%
Continuing & Discontinued Operations          
PE Ratio - Adjusted 6.4 7.2 9.4 8.2 10.3
PEG - Adjusted 0.6 0.1 0.3 0.2 0.0
Earnings per Share Growth - Adjusted 11% 53% 29% 40% 10,624%
Dividend Cover 3.18 3.14 2.53 2.43 2.28
           
Dividend Yield 4.9% 4.4% 4.2% 5.0% 4.2%
Dividend per Share Growth 9.38% 23.08% 23.81% 31.25% n/a
Operating Cash Flow per Share 132.46p 151.45p 159.79p 130.44p 66.63p
Cash Incr/Decr per Share (46.56p) (25.75p) 17.83p 51.16p (48.90p)
Net Asset Value per Share (exc. Intangibles) 90.44p 69.79p 84.12p 99.36p 88.84p
Net Gearing 133.95% 111.94% 77.15% 59.94% 81.03%

Key

* GAAP

a. Includes discontinued activities

b. Including assets due in more than one year

c. Not disclosed under IFRS

d. Total fixed assets

e. Includes borrowings

f. Included in cash flow from operating activities under IFRS

g. Included in net cash from investing activities under IFRS

h. Pre-tax

i. Capital expenditure

j. Based on operating cash flow before tax

k. Issue of ordinary shares

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: Forecast figures based on normalised accounts.

 

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