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RTC Group PLC on Monday increased its interim dividend by 10% as it reported stable profit as revenue edged lower in the first half of the year. The London-based recruitment company said revenue fell 1.6% to £48.3 million in the six months to the end of June from £49.0 million a year ago. Pretax profit was unchanged at £1.2 million, while basic earnings per share rose 10% to 6.62 pence from 6.00p. Cost of sales fell 2.0% to £39.4 million from £40.2 million. RTC declared an interim dividend of 1.21p per share, up 10% from 1.10p per share a year ago. ‘I believe our year-on-year like for like performance highlights the underlying strength of our operating model with real-term profit growth and exceptional cash generation mitigating the need for both term and working capital borrowings,’ said Chief Executive Andy Pendlebury. ‘Additionally, our order book remains extremely resilient with clear visibility of future revenue streams, and this, coupled with our strategic positioning across the industries and sectors we have targeted, sees us well positioned to navigate future challenges as they emerge and gives us significant encouragement with regard to the prospects of the group as market conditions improve.’ Pendlebury noted that the pace of delivery from the government’s infrastructure plan has been slow, and it is yet to see tangible increases in demand, particularly within rail infrastructure. However, the company said it is confident investment activity will accelerate as long-term commitments are now more clearly defined. ‘Our strategy of building a diverse group in high growth sectors continues to position us well to navigate the peaks and troughs of the traditional recruitment cycle whilst further enhancing our long-term order book for shareholders as the key sectors in which we operate are set to benefit from the government’s long-term infrastructure investment plans. Our solid order book across rail maintenance and renewals, and the continuing smart meter roll out, provides clear revenue visibility for the remainder of 2025 and well into 2026,’ Pendlebury said. Shares in RTC Group were up 5.3% at 100.00p in London on Monday morning. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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