Business
Final Results
Final Results.
About this update from Franchise Brands Plc
[{"type":"text","content":"\n\n27 March 2025\nFRANCHISE BRANDS PLC\n(\"Franchise Brands\", the \"Group\" or the \"Company\")\nFinal results for the year ended 31 December 2024\nKey divisions achieved record System sales despite challenging environment\nFull-year Adjusted EBITDA2 in line with current market expectations\nFranchise Brands plc (AIM: FRAN), an international multi-brand franchise business, is pleased to announce its audited results for the year ended 31 December 2024.\n \nFinancial highlights\n· System sales increased by 20% to £418.5m (2023: £350.1m).\n· Statutory revenue increased by 15% to £139.2m (2023: £121.0m1).\n· Adjusted EBITDA2 increased by 16% to £35.1m (2023: £30.2m1).\n· Adjusted profit before tax increased 8% to £21.3m (2023: £19.7m1).\n· Profit before tax increased 86% to £9.2m (2023: £5.0m1).\n· Adjusted EPS3 increased by 2% to 8.59p (2023: 8.39p1).\n· Basic EPS increased by 119% to 3.78p (2023: 1.73p1).\n· Adjusted net debt4 reduced to £65.1m at 31 December 2024 (31 December 2023: £74.7m), representing reduced leverage of 1.9x5 (31 December 2023: 2.5x).\n· Cash conversion rate increased to 94% (2023: 80%) demonstrating the strong cashflow performance of the Group's franchise businesses.\n· Final dividend of 1.3p per share proposed (2023: 1.2p) an increase of 8%, giving an increase in the total dividend for the year of 9% to 2.4p per share (2023: 2.2p).\n \nOperational highlights\nA creditable performance as we accelerate integration, and a strengthened team in place to drive the execution of the Group's strategy.\n· Resilient underlying demand for the Group's essential services resulted in record System sales in all key divisions despite challenging macroeconomic conditions.\n· Launch of the One Franchise Brands strategic initiative to accelerate the integration of the Group into a unified, connected business with the objective of enhancing sales, creating an efficient overhead structure and driving operational gearing.\n· Appointment of CEO (a new role) and separation of responsibilities with Executive Chairman.\n· New appointments (including post year-end) of CFO, COO, Group F...