Ingenta
Website:
Ingenta
Index:
AIM
EPIC: ING
Supersector:
Technology
Sector:
Software and Computer Services
Subsector:
Software
Market Cap:
£13.97M
Payout Frequency: Semi-Annual
Ingenta Dividend Analysis and Summary
Key Dividend Details
- Final dividend: 2.75 pence per share (FY25)
- Total FY25 dividend: 4.5 pence per share (up 10% vs FY24: 4.1p)
- Ex-dividend date: 28/05/2026
- Record date: 29/05/2026
- Payment date: 30/06/2026
- Status: Subject to AGM approval
- Estimated cash cost:
- Final dividend: ~£0.42m (2.75p x 15.10m shares)
- Total FY25 dividends: ~£0.68m (4.5p x 15.10m shares)
Sustainability and Coverage
- Earnings cover: ~2.3x on adjusted EPS (10.2p) and ~2.7x on reported EPS (12.0p) versus FY25 DPS of 4.5p.
- Cash cover: FY25 operating cash flow £1.66m covered dividends paid in the year (£0.63m) by ~2.6x. Proposed total FY25 DPS (~£0.68m) remains well covered by OCF.
- Balance sheet support: No debt, year-end cash £4.7m, and parent distributable reserves of £12.9m provide strong dividend capacity.
- Quality of revenues: Annual Recurring Revenue (ARR) at £9.1m (89% of revenue) underpins cash generation.
Growth and Policy
- Policy: Board reaffirms a progressive dividend policy.
- Growth: Final dividend up ~5.8% (2.75p vs 2.6p), full-year DPS up 10%.
Capital Allocation and Financial Context
- Capital allocation: Cash returns via dividends; no 2025 buybacks (small buyback in 2024). Ongoing investment in sales and marketing lifted costs (S&M spend £1.2m vs £0.8m).
- Profitability: Adjusted EBITDA £1.6m (down from £1.8m) given planned investment; net profit improved to £1.7m.
- Cash generation: Operating cash inflow steady at £1.7m; interest income contribution £0.1m.
Outlook and Dividend Support
- Guidance: FY26 revenue expected to be at least broadly in line with FY25; new wins to offset legacy attrition.
- Pipeline: Expanding pipeline and recruitment in sales support medium-term growth; ARR mix remains a positive structural support for dividends.
- Overall: Dividend appears sustainable near term given earnings/cash cover and balance sheet strength, with moderate growth potential tied to conversion of the sales pipeline.
Potential Impacts and Structural Changes
- Structural changes: No demergers, M&A, or share consolidation disclosed. Share count unchanged in 2025.
- Billing mix: Continued shift toward SaaS-based billing (lower deferred revenue) aligns with recurring revenue focus and should support future cash predictability once fully embedded.
Risks and Flags
- Legacy attrition risk: Management expects ongoing declines in legacy platforms; dividend resilience depends on timing/scale of next-gen wins.
- Execution risk: Sales conversion timing and recruitment could delay revenue ramp, pressuring margins while S&M spend remains elevated.
- Customer concentration: Two customers >10% of revenue (aggregate ~£3.5m), a potential volatility source.
- Content division softness: Revenue decline in Content highlights segment variability.
- FX translation volatility impacted OCI in 2025; not a cash risk but can affect reported metrics.
Read more
Ingenta Annual Dividend Yield - 0%
Dividends Used in Calculation:
| Ex-Dividend Date |
Payment Date |
Type |
Amount |
Currency |
Total (Annual Dividends Per Share):
0.00p
Dividend Yield =
Annual Dividends Per Share (0.00p)
÷ Share Price (93.5p)
= 0%
Ingenta Dividend History
| Ex Dividend Date |
Payment Date |
Type |
Amount |
Currency |
| 28/05/2026 |
30/06/2026 |
Q4 |
2.7500 |
|
| 25/09/2025 |
31/10/2025 |
Q4 |
1.75 |
|
| 22/05/2025 |
30/06/2025 |
Q4 |
26.00 |
|
| 30/09/2021 |
29/10/2021 |
Q2 |
1.00 |
|
Ingenta Dividend Calculator
Ingenta Dividend Growth
| Dividend Growth (1Y) |
9.76%
|
| Dividend CAGR (5Y) |
24.57%
|
| Years of Growth |
5
|
| Payout Ratio |
36.26%
|
| Buyback Yield |
2.42%
|
| Shareholder Yield |
7.29%
|
| P/E Ratio (TTM) | 7.71 |
|---|
| Forward P/E | – |
|---|
| P/FCF | 8.58 |
|---|
| Earnings Yield | 12.46% |
|---|
| FCF Yield | 11.65% |
|---|
| ROE | 25.55% |
|---|
| ROCE | 25.14% |
|---|
| Profit Margin | 16.94% |
|---|
| Operating Margin | 17.61% |
|---|
| Gross Margin | 51.98% |
|---|