REG - FRP Advisory Grp PLC - Q3 Trading Update and Dividend Declaration

Frp AdvisoryAnnouncement

17/02/2025 07:00

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RNS Number : 2563X  FRP Advisory Group PLC  17 February 2025

FRP Advisory Group plc

("FRP", the "Group" or the "Company")

Q3 Trading Update and Dividend Declaration

 

FRP Advisory Group plc, a leading national specialist business advisory
firm, is pleased to announce a trading update for the nine months ended 31
January 2025 and declares its Q3 dividend.

Trading Performance

FRP is pleased with its performance in the year to date, with trading across
each of the five service pillars currently ahead of the Board's expectations,
demonstrating FRP's ability to grow profitably through a range of services
that help clients at different stages of their Corporate cycle.

The Group's pipeline and activity levels remain strong, and as such the Board
is confident that the Group will deliver results for the year ending 30 April
2025 ("FY 2025") ahead of current market expectations(1).

The Company expects to announce a full year trading update for FY 2025 trading
update in mid-May 2025.

Q3 Dividend

The Group has a strong balance sheet and in line with the Company's quarterly
dividend policy, the Board is pleased to declare an interim dividend of 0.95p
per eligible ordinary share for the third quarter ended 31 January 2025 (Q3
2024: 0.9p).

The dividend will be paid on 13 June 2025 to shareholders on the register on
16 May 2025, with the ex-dividend date being 15 May 2025.

 

The information contained within this announcement is deemed by the Group to
constitute inside information under the Market Abuse Regulation No. 596/2014.

 

Enquiries:

FRP Advisory Group plc

Geoff Rowley, CEO

Jeremy French, COO

Gavin Jones, CFO

Enquiries via MHP

 

Cavendish Capital Markets Limited (Nominated Adviser and Joint Broker)

Katy Birkin / Stephen Keys / George Lawson (Corporate Finance)

Tel: +44 (0) 207 220 0500

 

Berenberg (Joint Broker)

Toby Flaux / James Thompson / Smruthya Ganeshram

+44 (0)20 3207 7800

 

MHP (Financial Public Relations)

Oliver Hughes

Eleni Menikou

Lexi Iles

Tel: +44 (0) 7701 308 818

FRP@mhpgroup.com

 

Notes to Editors:

FRP is a leading national specialist business advisory firm established in
2010. It offers a range of advisory services to companies, lenders, investors
and other stakeholders, as well as individuals. These services include:

·     Restructuring advisory: corporate financial advisory, formal
insolvency appointments, informal restructuring advisory, personal insolvency
and general advice to all stakeholders.

·      Corporate finance: mergers & acquisitions (M&A),
strategic advisory and valuations, financial due diligence, capital raising,
special situations M&A and partial exits.

·     Debt advisory: raising and refinancing debt, debt amendments and
extensions, restructuring debt, asset based lending and corporate and
leveraged debt advisory.

·     Forensic services: forensic investigations, compliance and risk
advisory, dispute services and forensic technology.

·     Financial advisory: transaction services including financial due
diligence, lender services, financial modelling, valuations, pensions and
company-side advisory services.

 

(#_ftnref1) (1) The Company considers consensus market expectations for FY
2025 to be revenue of £147.6m and adjusted EBITDA of £39.9m.

 

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