Wilmington (LSE:WIL) reported unaudited preliminary results showing ongoing revenue rose 37% to £120m for the year ended 30 June, up from £87.7m a year earlier.
The international governance, risk and compliance (GRC) RegTech services group said organic revenue, excluding acquisitions and currency effects, grew around 4%, with eight of its nine ongoing businesses expanding year on year. Ongoing adjusted EBITA climbed 33% to £29.8m, while ongoing adjusted pre-tax profit rose 15% to £30.1m, slightly ahead of the £30.5m the company had flagged in a July update.
Net debt excluding lease liabilities stood at £53.1m at 30 June, down from £65m at the end of December, equivalent to less than 1.7 times adjusted EBITDA, though a swing from net cash of £42.2m a year earlier following the £105.2m cash acquisition of Spanish data privacy business Conversia in December.
Conversia delivered full-year revenue 20% higher than the prior year, expanding Wilmington's reach into the Spanish GRC data privacy market, where it serves an addressable base of 3.2m SMEs and 1.2m homeowner associations.
The board increased the total dividend 9% to 12.5p, up from 11.5p, covered 2.1 times by total adjusted basic EPS.
"Early Group trading in FY27 has seen a continuation of the momentum built in FY26, and with international macro GRC drivers providing a favourable backdrop, we are well positioned for continued growth and on track to achieve market expectations", said chief executive Mark Milner.
The company said trading in the current financial year has started well and remains in line with market expectations, supported by a strong contracted order book and rising annual recurring revenue.