Christie Group lifts dividend 67% as brokerage divisions drive development
Christie Group raised its interim dividend by two-thirds after a strong first half, as its industry brokerage, finance and insurance coverage arms drove development.
The skilled providers group, which advises on the sale and valuation of companies in sectors similar to hospitality, healthcare and childcare, mentioned turnover rose 5.4% to £36m within the six months to 30 June, with all 5 of its buying and selling manufacturers rising.
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Underlying working revenue, earlier than a one-off, non-cash pension cost, climbed 11.1% to £2.4m, and its money steadiness strengthened to £8.7m from £5.0m.
Christie Group shares have had a stellar 2026 year-to-date, rising over 40%, and Monday’s drop seems extra like a minor bout of profit-taking than a response to the outcomes.
Indeed, Christie’s numbers provided a lot to be impressed by.
Growth was led by its finance and insurance coverage broking companies, with price revenue up 15% and 31% respectively, whereas the variety of companies it bought rose 11% to 607. Its hospitality stock-audit arm managed solely modest development in opposition to a tricky backdrop for that sector.
The primary attraction for buyers can be that the corporate lifted its interim dividend 67% to 1.25p, reflecting its momentum and the completion of the sale of a loss-making software program industry earlier within the yr.
It stored its full-year expectations unchanged, pointing to robust pipelines going into the second half, and once more expects to dealer the sale of greater than 1,000 companies over the yr.
Dan Prickett, Chief Executive, mentioned: “The Group’s first half outcomes construct on an exceptionally robust yr of development in FY25 and exhibit continued progress and momentum throughout the Group’s manufacturers and geographies.
“Demand for our broad vary of providers – pushed by ongoing investor and lender urge for food for our specialist sectors – has remained resilient regardless of home and geopolitical uncertainty. This illustrates the sound long-term fundamentals which underpin the sectors through which we select to specialise and the standard, dedication and vitality of our groups who constantly ship profitable outcomes for our purchasers.
“In acknowledgement of this continued momentum and our confidence within the long-term outlook, the Board has really useful an interim dividend of 1.25p, up 67%. At the identical time as growing shareholder distributions, our robust revenue development and money era allows us to proceed to spend money on attracting and retaining the strongest expertise to help our development ambitions, each within the UK and internationally.”
