AB accepted dividend policy up to the financial year 2027/2028 – the company said in a statement. The management board intends to recommend Dividend payment for 2024/2025 at 60 percent consolidated net profit of the group.
Actions after this information went up by 3.2 percent. up to PLN 103.20. The company's capitalization increased from PLN 1618 million to PLN 1670 million.
As stated in the communiqué, the Management Board in accordance with the adopted policy, when adopting recommendations as to the amount of dividend payment, he will be guided by the assumptions that the recommended dividend amount should be a factor positively affecting the implemented return on investment in the company's securities, and for the AB capital group, ensure that the current activity and the possibility of implementing its development plans, including capital financing rotational, investment outlays and potential acquisitions.
If the above assumptions are met, the Management Board intends to submit a ZWZ company to a dividend payment recommendation in the amount of:
- for the financial year 2024/2025: 60 percent consolidated net profit of the group obtained for this financial year, assigned to the shareholders of the parent,
- for financial years from 2025/2026 to 2027/2028: 40-66 percent consolidated net profit of a group obtained in the previous financial year, assigned to shareholders of the dominant unit,
At the same time, the level of debt of the AB capital group at the end of the financial year, whose dividend payment is to apply, taking into account the recommended dividend, will not be able to lead the indicator of consolidated net debt to EBITDA exceeded three times.
It was stated that the policy is used from the 2024/2025 financial year to the 2027/2028 financial year.
It was indicated that in the event of a change in the circumstances constituting the basis for adopting the policy, the Management Board will verify it and if necessary amending by an appropriate resolution.
Profits up, dividend over PLN 100 million
The cumulative net profit for the last reported four quarters was PLN 172.8 million, which, when repeating the results of the fourth quarter of the financial year (July-September), would mean Dividend proposal in the amount of PLN 103.2 million. This would translate into over PLN 6.5 per share (over 6.5 percent of the potential dividend rate for the closing course on September 1 this year). For comparison, last year it was PLN 3 for each action, so the height may be over two times.
“We have paid a dividend growing from year to year five times in a row, and thanks to the formal dividend policy, our shareholders have clarity, which they can expect from the recommendations of the management board. We have very low debt, a healthy balance with high equity, we generate a lot of cash from operational activities. Thanks to this, we have much more space than before, both for increasing space, as well Dividend scale, “said Andrzej Przybyło, President of the Board, quoted in a press release.
“From the profit of the ending financial year, we would like to provide shareholders for the first time in history 9-digit dividend and thus we would like to enter to the group of the largest dividend companies on the WSE. At the same time, we have ambitious business development plans, which is why our intention is growing profits, and in a trail of growing dividends behind them, “he added.
Last year, only 41 companies in Poland paid more money to shareholders, including the most Bank Pekao (PLN 5 billion) and Orlen (PLN 4.8 billion). As stated in a communiqué, the prospects of the IT equipment market are optimistic.
They are favored by “global megatrendy” and kpo
“The AB group is favored by global megatrends such as artificial intelligence, cyber security, digital transformation,” everything as a service “-Xaas, cloud area, technological convergence or e-commerce development. Additional investments in IT forcing new regulations in the area of digitization-AI ACT, CSRD and Directive NIS2”-wrote.
It was indicated that the IT market is also dynamizing public tenders. Only in the second quarter of this year. The number of devices in the announced tenders increased by 479 percent. yard, to nearly 865 thousand pieces. KPO assumes the purpose of a total of PLN 57.5 billion for digitization in Poland, and similar programs also operate in other countries.
The importance of cybersecurity, for which in Poland in the civil sphere, the government allocated PLN 3.1 billion, and PLN 1.8 billion will flow from European funds.
