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Restore PLC on Tuesday upped its interim dividend and said it’s full-year expectations remain unchanged, as it reported an advance in half-year revenue. The London-based digital and information management services provider said pretax profit fell 36% to £5.5 million in the first half of 2025 from £8.6 million a year earlier. However, revenue from continuing operations was up 15% at £160.1 million from £139.4 million, as Restore saw growth across all segments except Harrow Green. Information Management revenue rose 22% to £106.5 million from £87.5 million, and Datashred grew 15% to £20.2 million from £17.5 million. Technology improved 4.1% to £17.7 million from £17.0 million, while Harrow Green revenue fell 9.8% to £15.7 million from £17.4 million. The weaker earnings amid the stronger top line can be attributed to increased costs, with administrative expenses rising 17% to £53.7 million from £45.8 million. Finance costs also edged higher, up 6.6% at £7.9 million from £7.4 million. Restore upped its interim dividend per share by 10% to 2.2 pence from 2.0p. Shares in the company were up 0.3% at 258.75p on Tuesday afternoon in London. Looking ahead, Restore said its recent acquisitions are trading as expected, with it continuing to pursue growth opportunities in the form of additional bolt-on acquisitions. It added that its full-year expectations are unchanged, with Restore confident in achieving its medium-term target of adjusted operating margins of 20% or higher. This metric was 17.7% at its half-year, rising from 16.9% the year before. ‘The group made good progress during the first half, continuing to deliver on its strategic priorities and reporting a robust financial performance that reflects the strength of its market positions and recurring revenues,’ said Chief Executive Charles Skinner. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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