Full year results 2022
Wilmington plc announces its full year results for the year ended 30 June 2022.
Key highlights include 13% organic revenue growth, reflecting a strong performance from both divisions; adjusted profit before tax of £20.7m, up £5.7m on last year; and total dividend up 37% to 8.2p.
The Group also closed the year with a net cash position of £20.5m as a result of the strong trading performance, effective cash management strategies and sale of subsidiaries and property during the year.
Mark Milner, Chief Executive Officer, commented:
“These strong results demonstrate the success of our strategy with good organic revenue growth, profits up by 38% and substantial cash generation. Our new operating model is successfully embedded and has enhanced our position in the large, expanding and rapidly evolving Governance Risk and Compliance markets.
“The investments we have made in technology and data are accelerating our growth ambitions as we develop single technology platforms in each division. These investments are enhancing our position by creating a scalable portfolio of assets that are strongly aligned to the dynamic and growing GRC market.
“We have a resilient business model with increasing recurring revenues. We have seen good demand in all areas during the first quarter of the current financial year, generating revenues and profitability in line with our expectations.”
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