The textile services provider posted a 5.5% increase in revenue to £257.5 million
LONDON: Johnson Service Group PLC (JSG) reported a solid set of interim results for the six months ended June 30, 2025, with revenue and profits rising across its key divisions and a new share buyback programme set to launch.
The textile services provider posted a 5.5% increase in revenue to £257.5 million, up from £244.1 million in the same period last year. Adjusted operating profit rose 13.9% to £28.7 million, lifting the margin to 11.1%, an 80-basis-point improvement.
CEO Peter Egan said the Group remains on track to meet full-year expectations and reaffirmed its target of achieving at least a 14.0% adjusted operating profit margin in 2026.
“Our continued focus on operational excellence and margin improvement has positioned us well,” Egan said. “We are also announcing our intention to launch a further £25.0 million share buyback programme.”
The HORECA division led growth, with revenue climbing 7.2% to £185.4 million and adjusted operating profit surging 22.3% to £22.5 million. Workwear revenue edged up 1.3% to £72.1 million, with a modest 2.0% gain in adjusted operating profit.
JSG completed a £30.0 million buyback earlier this year, bringing total shareholder returns via repurchases to £65.3 million since 2022. The Group also increased its revolving credit facility by £15.0 million to £135.0 million, expiring in August 2027.
Operational highlights included improved customer retention in Workwear (94%), productivity gains offsetting inflation, and a successful admission to the Main Market of the London Stock Exchange on August 1.
The company published its fourth Sustainability Report in June and said strong cash generation will support future investments and acquisitions.
Dividend per share rose 23.1% to 1.6p, while adjusted diluted earnings per share increased 17.9% to 4.6p.