Business
Final results for the year ended 31 March 2024
Final results for the year ended 31 March 2024.
About this update from Xps Pensions Group Plc
[{"type":"text","content":"\n\n20 June 2024\n \nXPS Pensions Group plc\n \nFinal results for the year ended 31 March 2024\n \nAnother year of record growth\n \nXPS Pensions Group plc (\"XPS\" or the \"Group\"), the leading Pensions Consulting and Administration business, is pleased to announce its audited full year results for the year ended 31 March 2024 (\"FY 2024\").\n \n\n\n\n\n \n\n\nAdjusted and excluding NPT(1)\n\n\nAs reported\n\n\n\n\n \n\n\nFY 2024\n\n\nFY 2023\n \n\n\nChange YoY\n \n\n\nFY 2024\n\n\nFY 2023\n \n\n\nChange YoY\n \n\n\n\n\nPensions Actuarial and Consulting\n\n\n£93.4m\n\n\n£77.4m\n\n\n21%\n\n\n£93.4m\n\n\n£77.4m\n\n\n21%\n\n\n\n\nPensions Investment Consulting\n\n\n£20.3m\n\n\n£18.0m\n\n\n13%\n\n\n£20.3m\n\n\n£18.0m\n\n\n13%\n\n\n\n\nTotal Advisory\n\n\n£113.7m\n\n\n£95.4m\n\n\n19%\n\n\n£113.7m\n\n\n£95.4m\n\n\n19%\n\n\n\n\nPensions Administration\n\n\n£71.9m\n\n\n£57.5m\n\n\n25%\n\n\n£71.9m\n\n\n£57.5m\n\n\n25%\n\n\n\n\nSIP\n\n\n£11.0m\n\n\n£9.4m\n\n\n17%\n\n\n£11.0m\n\n\n£9.4m\n\n\n17%\n\n\n\n\nTotal Group Revenue (excl. NPT)\n\n\n£196.6m\n\n\n£162.3m\n\n\n21%\n\n\n£196.6m\n\n\n£162.3m\n\n\n21%\n\n\n\n\nNPT(1)\n\n\n-\n\n\n-\n\n\n-\n\n\n£2.8m\n\n\n£4.3m\n\n\n(35%)\n\n\n\n\nTotal Group Revenue\n\n\n£196.6m\n\n\n£162.3m\n\n\n21%\n\n\n£199.4m\n\n\n£166.6m\n\n\n20%\n\n\n\n\nEBITDA\n\n\n£54.8m\n\n\n£41.4m\n\n\n32%\n\n\n£79.8m\n\n\n£35.1m\n\n\n127%\n\n\n\n\nProfit before tax(2)\n\n\n£44.5m\n\n\n£32.4m\n\n\n37%\n\n\n£62.5m\n\n\n£19.1m\n\n\n227%\n\n\n\n\nEarnings per share\n\n\n10.3p\n\n\n7.4p\n\n\n39%\n\n\n26.2p\n\n\n7.7p\n\n\n240%\n\n\n\n\nFully Diluted EPS(1)\n\n\n15.1p\n\n\n12.2p\n\n\n24%\n\n\n24.7p\n\n\n7.3p\n\n\n238%\n\n\n\n\nNet debt\n\n\n£14.0m\n\n\n£55.3m\n\n\n75%\n\n\n£14.0m\n\n\n£55.3m\n\n\n75%\n\n\n\n\nTotal dividends per share\n\n\n10.0p\n\n\n8.4p\n\n\n19%\n\n\n10.0p\n\n\n8.4p\n\n\n19%\n\n\n\n\n(1) Adjusted measures exclude the impact of acquisition related amortisation, share based payments, exceptional costs and the fair value adjustment to contingent consideration. They also exclude the results of the NPT business which was sold in November 2023.\n(2) Statutory/as reported profit before tax includes the gain on disposal of the NPT business. The net gain on the disposal of the NPT busi...