Historic magazine and newspaper wholesaler Smiths News is planning to expand its 海角视频 operating footprint following a "strong" full-year performance.
The Swindon-based company saw profit after tax rise to £27m from £24.7m the year previously and announced earnings per share of 11.1p - up from 10.3p a year earlier.
The company posted revenues of £1,064m, down -3.6% compared to 2024, but with 16% revenue growth from new verticals and 93% of revenues secured to 2029.
READ MORE: {}
Cash generation rose to £36.1m over the year, from £23.0m the previous year, including £5.4m from the administrators of McColl’s Retail Group which went bust three years ago.
Smiths News said it expected "continued strength" in the collectables market across the new financial year, driven by one-off events including the Men’s Football World Cup and Pokémon’s 30th anniversary.
“I am delighted Smiths News has delivered such a strong financial and operational performance across the year, reinforcing the ongoing confidence we have in our business," said Jonathan Bunting, chief executive of Smiths News.
"Our strategic priorities remain steadfast as we seek to both leverage and expand our unique 海角视频 operating footprint.
“In addition, our existing capital allocation policy has provided us with the flexibility to both invest in our new business verticals alongside distributing funds to shareholders.
Most Read
“Finally, I would personally like to thank everyone at Smiths News for their dedication and hard work, which collectively, sits at the heart of our ongoing success.”
Smith News said its three-year internal investment programme was "advancing as scheduled" to boost service and efficiency across the business.
It also said it had delivered a "good start" to trading in the current financial year and expects to deliver results in line with current market expectations, with adjusted operating profit forecast to be £36.7m.