Beta
Today
Capital & Financial Markets 11 Nov 2026

James Cropper reinstates dividend as H1 revenue rises 18%

James Cropper reported interim revenue of USD 81.4m (GBP 61.2m), up 18.3% year on year, and Adjusted EBITDA up 90.2% to USD 10.4m (GBP 7.8m) for the six months to 26 September 2026. The UK advanced materials and paper and packaging group reinstated its dividend with an interim payment of USD 6.7 cents (5.0 pence) per share and expects full-year Adjusted EBITDA of USD 13.7m-15.0m (GBP 10.3m-11.3m).

Why this mattersPaper & Packaging's swing to an EBITDA profit, helped partly by a one-off customer stock build, has restored dividend capacity at a small specialist paper group.

  • Group revenue rose 18.3% to USD 81.4m (GBP 61.2m) in H1 FY27 from USD 68.9m (GBP 51.8m) in H1 FY26
  • Paper & Packaging revenue grew 28.7% to USD 56.2m (GBP 42.2m); Adjusted EBITDA moved from a USD 0.9m (GBP 0.7m) loss to a USD 5.2m (GBP 3.9m) profit
  • Group Adjusted EBITDA rose 90.2% to USD 10.4m (GBP 7.8m)
  • Net debt fell to USD 3.6m (GBP 2.7m) from USD 14.0m (GBP 10.5m) a year earlier, 0.2x Adjusted EBITDA
  • Board declared an interim dividend of USD 6.7 cents (5.0 pence) per share, reinstating the dividend
  • Full-year Adjusted EBITDA expected at USD 13.7m-15.0m (GBP 10.3m-11.3m), about 15-25% above FY26
James Cropper
Sources tradingview.com directorstalkinterviews.com
Relevant to you?

Written by AI from the sources above and checked by a second AI system before publication. No human wrote or edited this story. How it is made.

Updates

  • 2026-11-12 · Edited before publication: GBP 42.2m converts to USD 56.2m, not 56.1m. Segment EBITDA amounts and the 5.0p dividend lacked USD conversions. Why-it-matters overgeneralised a recovery that was partly driven by a one-off customer inventory build.