FIH Group
Website:
FIH Group
Index:
AIM
EPIC: FIH
Supersector:
Industrial Goods and Services
Sector:
Support Services
Subsector:
Business Support Services
Market Cap:
£30.67M
Payout Frequency: Semi-Annual
FIH Group Dividend Analysis and Summary
Declared Dividend Details
- Type: Interim dividend
- Amount: 1.25 pence per share (maintained vs prior year)
- Ex-dividend date: 08/01/2026
- Record date: 09/01/2026
- Payment date: 13/02/2026
- DRIP: Dividend Reinvestment Plan available; election deadline 16/01/2026
- Recent distributions: 70 pence per share special dividend (c. £8.8m) paid 31/10/2025; FY25 final dividend of 5.5 pence paid the same day
Context and Coverage
- H1 FY26 performance: underlying pre-tax loss £1.4m; reported pre-tax loss £2.5m
- Cash and leverage: cash £16.2m; net cash before leases £16.1m, but net debt after lease liabilities £7.5m (lease liabilities rose post sale-and-leaseback)
- Cash flow: H1 operating cash outflow of £2.2m
- Dividend affordability: interim costs c. £0.16m (12.52m shares × 1.25p). Not covered by earnings or H1 operating cash flow, but readily covered by current cash resources
Sustainability and Growth Outlook
- Ordinary dividend maintained, signaling intent to preserve a modest payout despite losses. Near-term growth looks limited until a return to sustainable profitability and positive free cash flow
- Operational trajectory mixed: PHFC steady; FIC improving but still loss-making; Momart challenged with cost savings largely benefiting next year
- Balance sheet supports the small ordinary dividend today, but elevated lease commitments post sale-and-leaseback reduce future cash flow flexibility
Structural and Capital Allocation Developments
- Completed sale-and-leaseback of Momart’s Leyton warehouse for £22.65m: realized a £3.4m gain, repaid £11m mortgage, and funded the 70p special dividend
- Consequences: significant increase in lease liabilities (£23.6m) and ongoing lease costs; one-off £4.1m impairment of Momart goodwill/intangibles
- Capital allocation: sizeable special dividend indicates willingness to return excess capital, but is non-recurring; Board continues to evaluate value-maximizing options
- Management changes at FIC aimed at operational improvement; no share consolidation or M&A announced
Risks and Flags to Dividend Stability
- Loss-making on both a reported and underlying basis; negative EPS and negative operating cash flow in H1
- Sector headwinds at Momart (weaker art logistics demand); FIC still facing contract delays and limited tender pipeline, though power issues at MPC now resolved
- Higher fixed cash outflows from new lease obligations post sale-and-leaseback
- Dividend cover absent on earnings; ordinary dividend sustainability relies on cash reserves and H2 improvement/cost savings
Read more
FIH Group Annual Dividend Yield - 31.33%
Dividends Used in Calculation:
| Ex-Dividend Date |
Payment Date |
Type |
Amount |
Currency |
| 02/01/2025 |
14/02/2025 |
Interim |
1.25p |
GBX |
| 25/09/2025 |
31/10/2025 |
Special |
70.00p |
GBX |
| 25/09/2025 |
31/10/2025 |
Final |
5.50p |
GBX |
Total (Annual Dividends Per Share):
76.75p
Dividend Yield =
Annual Dividends Per Share (76.75p)
÷ Share Price (245p)
= 31.33%
FIH Group Dividend History
| Ex Dividend Date |
Payment Date |
Type |
Amount |
Currency |
| 08/01/2026 |
13/02/2026 |
Interim |
1.2500p |
GBX |
| 25/09/2025 |
31/10/2025 |
Special |
70.00p |
GBX |
| 25/09/2025 |
31/10/2025 |
Final |
5.50p |
GBX |
| 02/01/2025 |
14/02/2025 |
Interim |
1.25p |
GBX |
| 26/09/2024 |
30/10/2024 |
Special |
10.0p |
GBX |
| 26/09/2024 |
30/10/2024 |
Final |
5.50p |
GBX |
| 30/11/2023 |
12/01/2024 |
Interim |
1.25p |
GBX |
| 28/09/2023 |
31/10/2023 |
Final |
5.30p |
GBX |
| 01/12/2022 |
13/01/2023 |
Interim |
1.20p |
GBX |
| 22/09/2022 |
31/10/2022 |
Final |
2.00p |
GBX |
| 02/12/2021 |
14/01/2022 |
Interim |
1.00p |
GBX |
| 12/12/2019 |
24/01/2020 |
Interim |
1.80p |
GBX |
| 15/08/2019 |
20/09/2019 |
Final |
3.35p |
GBX |
| 20/12/2018 |
25/01/2019 |
Interim |
1.65p |
GBX |
| 16/08/2018 |
21/09/2018 |
Final |
3.00p |
GBX |
| 28/12/2017 |
26/01/2018 |
Interim |
1.50p |
GBX |
| 31/08/2017 |
22/09/2017 |
Final |
4.00p |
GBX |
| 11/12/2014 |
23/01/2015 |
Interim |
4.00p |
GBX |
| 27/08/2014 |
19/09/2014 |
Final |
7.50p |
GBX |
| 11/12/2013 |
24/01/2014 |
Interim |
4.00p |
GBX |
| Year |
Interim |
Final |
Special |
Currency |
Total |
Change |
| 2024 |
|
5.500 |
10.000 |
GBX |
15.500 |
136.640 |
| 2023 |
1.250 |
5.300 |
|
GBX |
6.550 |
104.680 |
| 2022 |
1.200 |
2.000 |
|
GBX |
3.200 |
220.000 |
| 2021 |
1.000 |
|
|
GBX |
1.000 |
-80.580 |
| 2019 |
1.800 |
3.350 |
|
GBX |
5.150 |
10.750 |
| 2018 |
1.650 |
3.000 |
|
GBX |
4.650 |
-15.450 |
| 2017 |
1.500 |
4.000 |
|
GBX |
5.500 |
-52.170 |
| 2014 |
4.000 |
7.500 |
|
GBX |
11.500 |
187.500 |
| 2013 |
4.000 |
|
|
GBX |
4.000 |
|
FIH Group Dividend Calculator
FIH Group Dividend Growth
| Dividend Growth (1Y) |
358.21%
|
| Dividend CAGR (5Y) |
138.24%
|
| Years of Growth |
4
|
| Payout Ratio |
–
|
| Buyback Yield |
–
|
| Shareholder Yield |
2.76%
|
| P/E Ratio (TTM) | – |
|---|
| Forward P/E | – |
|---|
| P/FCF | 337.07 |
|---|
| Earnings Yield | -8.69% |
|---|
| FCF Yield | 0.3% |
|---|
| ROE | -6.94% |
|---|
| ROCE | -1.71% |
|---|
| Profit Margin | -6.4% |
|---|
| Operating Margin | -2.5% |
|---|
| Gross Margin | 39.04% |
|---|