29th Jul 2025 12:39
(Alliance News) - Restore PLC on Tuesday upped its interim dividend and said it's full-year expectations remain unchanged, as it reported an advance in half-year revenue.
The London-based digital and information management services provider said pretax profit fell 36% to GBP5.5 million in the first half of 2025 from GBP8.6 million a year earlier.
However, revenue from continuing operations was up 15% at GBP160.1 million from GBP139.4 million, as Restore saw growth across all segments except Harrow Green.
Information Management revenue rose 22% to GBP106.5 million from GBP87.5 million, and Datashred grew 15% to GBP20.2 million from GBP17.5 million.
Technology improved 4.1% to GBP17.7 million from GBP17.0 million, while Harrow Green revenue fell 9.8% to GBP15.7 million from GBP17.4 million.
The weaker earnings amid the stronger top line can be attributed to increased costs, with administrative expenses rising 17% to GBP53.7 million from GBP45.8 million.
Finance costs also edged higher, up 6.6% at GBP7.9 million from GBP7.4 million.
Restore upped its interim dividend per share by 10% to 2.2 pence from 2.0p.
Shares in the company were up 0.3% at 258.75p on Tuesday afternoon in London.
Looking ahead, Restore said its recent acquisitions are trading as expected, with it continuing to pursue growth opportunities in the form of additional bolt-on acquisitions.
It added that its full-year expectations are unchanged, with Restore confident in achieving its medium-term target of adjusted operating margins of 20% or higher. This metric was 17.7% at its half-year, rising from 16.9% the year before.
"The group made good progress during the first half, continuing to deliver on its strategic priorities and reporting a robust financial performance that reflects the strength of its market positions and recurring revenues," said Chief Executive Charles Skinner.
By Christopher Ward, Alliance News reporter
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