FIH group plc / Investor Information & News / Financial Highlights

Financial Highlights

FIH group plc	2023	2022	Change
FIH group plc	£’m	£’m	£’m
Turnover	52.7	40.3	12.4
Underlying operating profit	4.0	3.1	0.9
Interest payable on bank loans	(0.4)	(0.4)	-
Lease finance & pensions charges	(0.4)	(0.4)	-
Financing costs	(0.8)	(0.8)	-
Underlying profit before tax	3.2	2.3	0.9
Profit before tax	4.0	2.7	1.3
Avg shares (000's)	12,520	12,520
Diluted EPS on underlying profit after tax	20.1p	9.5p

Highlights

Revenue increased by 31% to £52.7m (2022: £40.3m).
Underlying pre-tax profit increased by 39% to £3.2m (2022: £2.3m).
Net cash flow from operating activities up 47% to £7.5m.
Strong balance sheet with cash up £3.2m to £12.8m (2022: £9.6m) and net debt improving by £4.1 million to £0.5m (2022: £4.6m).
Underlying EPS of 20.1p (2022: 9.5p).
Final dividend of 5.3 pence per share to be proposed at the AGM taking total for the year to 6.5 pence per share.

Stuart Munro, Chief Executive, said:

“I’m delighted to be able to present a strong set of results which are underpinned by an equally strong cash performance, signalling a good recovery from the pandemic and resilience to the cost of living pressures which have impacted all sectors of the business.”

Stuart Munro, CEO August 2023