No recommendation
No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.
(Sharecast News) - XPS Pensions reported its fourth consecutive year of double-digit revenue growth on Thursday, with full-year revenue rising 13% to 262.7m, supported by strong demand across advisory, administration and self-invested pensions.
The FTSE 250 pensions consultancy said adjusted EBITDA increased 9% to 75.7m, while adjusted pre-tax profit rose 8% to 64.2m.
Reported pre-tax profit fell 5% to 38.7m, mainly due to accounting treatment of contingent consideration linked to the Polaris acquisition, while the total dividend was lifted 11% to 13.2p per share.
Co-chief executive Paul Cuff said the group was operating "right at the heart" of a rapidly evolving pensions market, with improved scheme funding and regulatory change driving demand.
XPS said it remained confident of further growth in FY27 and beyond, in line with board expectations.
At 1104 BST, shares in XPS Pensions Group were down 3.47% at 306p.
Reporting by Josh White for Sharecast.com.
See latest RNS on Investegate
The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.