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Wilmington PLC on Monday reported lower annual profit due to reduced disposal gains and higher adjusting items, though ongoing operations delivered double-digit revenue and profit growth as the company increased its dividend. Shares in Wilmington were 4.1% higher at 348.75 pence in London on Monday morning. Wilmington is a London-based publishing firm that provides information and training, specialising in compliance, legal and healthcare publications. The company said pretax profit for the year ended June 30 fell 24% to £18.4 million from £24.2 million a year prior. This reflected subsidiary disposal gains of £1.8 million, down from £5.5 million the prior year, and a one-off gain of £2.2 million the year before from property and lease modifications. Adjusting items rose sharply to £8.6 million from £598,000 a year earlier. Revenue rose 3.2% to £101.5 million from £98.3 million, while operating expenses climbed 5.9% to £88.7 million from £83.8 million. On an adjusted ongoing basis, pretax profit improved 18% to £28.4 million from £24.1 million, with revenue up 11% to £99.5 million from £89.7 million. Wilmington declared a total dividend for the full year of 11.5 pence per share, up 1.7% from 11.3p after a final dividend of 8.5p per share, up from 8.3p. Chief Executive Officer Mark Milner said: ‘Our ongoing businesses have delivered another good financial performance. Our focus on portfolio management and a continuation of the strategy to expand our positions in GRC markets has resulted in further strong revenue performance, profit growth and cash generation.’ Wilmington said it has had a ‘good start’ to the new financial year, with revenue and profit in line with expectations. The company is preparing to integrate Professional Group Conversia SLU, a Spanish regulatory compliance business it agreed to buy from investment firm Arraigo Midco in August for €121.6 million. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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