8th Jul 2025 13:29
(Alliance News) - DSW Capital PLC on Tuesday reported a sharp jump in annual earnings and declared a higher dividend, after a "transformational" year marked by record network revenue and a boost from acquisitions.
Shares in DSW Capital rose 8.6% to 63.00 pence in London on Tuesday afternoon.
For the year ended March 31, the provider of professional services via the Dow Schofield Watts and DR Solicitors brands reported pretax profit of GBP1.3 million, up from GBP207,000 the year before.
Adjusted earnings before interest, tax, depreciation, and amortisation nearly tripled to GBP1.8 million from GBP626,000, while revenue more than doubled to GBP4.9 million from GBP2.3 million.
Earnings per share rose to 4.0 pence from 0.4p. The company declared a final dividend of 2.0p per share, up from 0.75p, taking the full-year payout to 3.0p, up from 2.0p.
DSW's net debt at year-end was GBP300,000, compared to net cash of GBP2.6 million a year earlier, following the GBP6.3 million acquisition of DR Solicitors, which added scale and diversification to the group.
Chief Executive Officer Shru Morris said the company enters financial 2026 in a "more robust" position and sees confidence in delivering continued growth, despite wider economic uncertainty.
Record merger and acquisition activity during the year delivered around GBP3.0 million in network revenue in October alone. DSW said it expects its reliance on M&A to reduce going forward, with DR Solicitors contributing a full year in 2026 and ongoing momentum in organic growth.
"We are confident in both the year ahead and our ability to scale the business and deliver long-term value," Morris said.
By Eva Castanedo, Alliance News reporter
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