Wilmington (WIL) Trading Update summary

Financial performance

• Organic revenue growth reached 9%, with reported revenues estimated at £126.0m, up from £123.5m in 2023.

• Adjusted profit before tax is expected to be £27.6m, a 13% increase from £24.3m last year.

• Margins continued to improve, reflecting a focus on a higher quality portfolio.

Cash and portfolio management

• Net cash at year-end was £67.8m, up from £42.2m, following business disposals and an acquisition.

• Two business disposals and the acquisition of Astutis were completed during the year.

• Active portfolio management continues, with plans to invest cash in further acquisitions.

Operational developments

• Initiated transfer of businesses onto a single operating platform to enhance performance.

• Continued focus on growing businesses in the global Governance, Risk and Compliance markets.