22nd Sep 2025 10:03
(Alliance News) - Wilmington PLC on Monday reported lower annual profit due to reduced disposal gains and higher adjusting items, though ongoing operations delivered double-digit revenue and profit growth as the company increased its dividend.
Shares in Wilmington were 4.1% higher at 348.75 pence in London on Monday morning.
Wilmington is a London-based publishing firm that provides information and training, specialising in compliance, legal and healthcare publications.
The company said pretax profit for the year ended June 30 fell 24% to GBP18.4 million from GBP24.2 million a year prior.
This reflected subsidiary disposal gains of GBP1.8 million, down from GBP5.5 million the prior year, and a one-off gain of GBP2.2 million the year before from property and lease modifications. Adjusting items rose sharply to GBP8.6 million from GBP598,000 a year earlier.
Revenue rose 3.2% to GBP101.5 million from GBP98.3 million, while operating expenses climbed 5.9% to GBP88.7 million from GBP83.8 million.
On an adjusted ongoing basis, pretax profit improved 18% to GBP28.4 million from GBP24.1 million, with revenue up 11% to GBP99.5 million from GBP89.7 million.
Wilmington declared a total dividend for the full year of 11.5 pence per share, up 1.7% from 11.3p after a final dividend of 8.5p per share, up from 8.3p.
Chief Executive Officer Mark Milner said: "Our ongoing businesses have delivered another good financial performance. Our focus on portfolio management and a continuation of the strategy to expand our positions in GRC markets has resulted in further strong revenue performance, profit growth and cash generation."
Wilmington said it has had a "good start" to the new financial year, with revenue and profit in line with expectations.
The company is preparing to integrate Professional Group Conversia SLU, a Spanish regulatory compliance business it agreed to buy from investment firm Arraigo Midco in August for EUR121.6 million.
By Eva Castanedo, Alliance News reporter
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