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Inchcape PLC on Tuesday said it was ‘excited’ about the future despite declaring a lower interim dividend as profit declined amid ‘a fast-moving tariff situation.’ The London-based car dealer said pretax profit fell 4.6% to £186 million in the first half of 2025, from £195 million a year prior. Revenue declined 8.6% to £4.32 billion from £4.73 billion. Inchcape cut its interim dividend by 16% to 9.5 pence from 11.3p. The company noted a ‘fast-moving tariff situation’ as it continues efforts to diversify trading across geographies and boost partnerships with original equipment manufacturers. Chief Executive Officer Duncan Tait said: ‘We remain excited about the future for Inchcape. Our Accelerate+ strategy will help us to deliver another year of growth in FY 2025 with our confidence growing about the second half of the year. ‘We continue to target [an] over 10% earnings per share compound annual growth rate over the medium term, supported by our clear capital allocation policy, our market leadership position, our diversified, scaled and highly cash generative business model, our on-going focus on cost discipline and inventory management and our highly differentiated technology platform.’ Inchcape will issue a third quarter trading update on October 23. Inchcape shares fell 9.8% to 722.00p each on Tuesday morning in London. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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