Shares of Wilmington plc (LSE:WIL) climbed 4.4% on Monday after the UK-based provider of data, information, education, and training services for the Governance, Risk, and Compliance (GRC) sector reported an 18% rise in adjusted profit before tax for the fiscal year ending June 30.
The company posted adjusted profit before tax of £28.4 million ($38.27 million) from its ongoing operations, up from £24.1 million the previous year. Revenue grew 11% to £99.5 million, with seven of Wilmington’s nine core businesses contributing to the increase. Adjusted profit margins also improved to 28.5%, compared to 26.8% in the prior year.
Annual recurring revenue rose 5%, now accounting for 36% of the group’s organic revenues, up from 34% last year. Recent acquisitions in the Health and Safety sector delivered double-digit revenue growth, bolstering overall performance.
“Our ongoing businesses have delivered another good financial performance,” said Mark Milner, Chief Executive Officer.
“Our focus on portfolio management and a continuation of the strategy to expand our positions in GRC markets has resulted in further strong revenue performance, profit growth and cash generation.”
Wilmington has actively reshaped its portfolio, acquiring Phoenix Health and Safety in October 2024 and announcing the proposed acquisition of RegTech firm Conversia for €121.6 million (£105 million) in August 2025. The company also sold its Compliance Week business in February 2025.
The firm closed the year with a net cash position of £42.2 million, down from £67.8 million a year earlier following the Phoenix acquisition.
Wilmington proposed a final dividend of 8.5p per share, taking the total payout to 11.5p, up 2% from last year’s 11.3p.
Looking ahead, the company reported a “good start to the current financial year,” with revenues and profits tracking in line with expectations.
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