Goodwin PLC Reports Record Profits and Doubles Dividend
Why we think this is very good
The company has delivered exceptional performance across all key metrics. Trading pre-tax profit surged by 47% to £35.5 million, while revenue grew by 15% to £220 million. The gross margin improved to an impressive 42%, reflecting high-quality contracts in defense and nuclear sectors. Notably, the company has significantly strengthened its financial position, reducing net debt from £42.9 million to just £13.6 million, with gearing falling from 35.1% to 9.9%. The doubling of the dividend to 280 pence per share underscores management's confidence in future cash flows and long-term prospects. With a strong order book and diversified revenue streams, including multi-decade projects in critical sectors, the outlook appears very robust. The company's strategic positioning in niche global markets and focus on high-margin, technically advanced products bodes well for sustained growth.
Key Points
- Trading pre-tax profit up 47% to £35.5 million
- Revenue increased 15% to £220 million
- Gross margin improved to 42%
- Net debt reduced from £42.9 million to £13.6 million
- Gearing reduced from 35.1% to 9.9%
- Dividend more than doubled to 280 pence per share
- Strong order book of £287 million
- Long-term contracts in defense and nuclear sectors provide growth visibility
- Strategic focus on niche global markets and high-margin products
Summary
Goodwin PLC has delivered an outstanding set of results for the year ended 30th April, 2025. Trading pre-tax profit increased by 47% to £35.5 million on revenue of £220 million, up 15% year-on-year. The company's financial position has strengthened considerably, with net debt reduced from £42.9 million to £13.6 million, and gearing falling from 35.1% to 9.9%. The gross margin improved to 42%, reflecting high-quality contracts in defense and nuclear sectors. In a strong show of confidence, the company has more than doubled its dividend to 280 pence per share. The outlook remains very positive, with a robust order book of £287 million and long-term contracts in critical sectors providing visibility for sustained growth. The company's strategic focus on niche global markets and high-margin, technically advanced products positions it well for future success.