Smiths News (SNWS) Trading Update summary

Trading performance and outlook

• Trading for FY25 remains in line with market expectations, with continued strong performance since the start of the year.

• Management remains focused on capitalizing on early morning supply chain capabilities to expand operational footprint.

• An update on progress will be provided at the half year results in May.

Dividend and capital allocation

• Final dividend of 3.4p and special dividend of 2.0p to be paid on 6 February 2025, subject to AGM approval.

• Total dividend for FY2024 will be 7.15p per ordinary share.

• Dividend payments align with the Group's capital allocation policy.

Strategic contracts and business foundation

• Long-term contracts now secured for 91% of newspaper and magazine revenues through at least 2029.

• Agreement with Reach PLC underpins a strong foundation for medium-term growth ambitions.

• Smiths News continues to deliver to approximately 22,500 customers daily across England and Wales.