Smiths News
SNWS · Main Market · Industrial Goods and Services · mcap £184m · 74.4p
Smiths News distributes newspapers and magazines from publishers to retailers across the UK, earning fees on volumes handled. It is adding services such as early-morning supply chain work and collectables to offset the long decline in print volumes.
Financials · LTM to 28 Feb 26
Source: results 06 May 26 ↗
- Revenue
- £1.0bn
- Operating profit
- £38.9m
- Net income
- £27.0m
- Free cash flow
- £45.7m
- Net cash
- £10.5m
- Market cap
- £179m
- EV / EBIT
- 4.2×
- FCF yield
- +25.5%
- Price / book
- 30.4×
Latest half-year · H1 Feb 26 vs H1 Mar 25
results 06 May 26 ↗
- Revenue
- £516m −4%
- Operating profit
- £17.7m −12%
- Net income
- £12.2m −10%
- Cash from operations
- £26.0m +27%
Extracted automatically from the company's results announcements; check the source before relying on a figure. Not investment advice.
Latest report: H1 Feb 26 (six months to 28 Feb 26), published 06 May 26 · read the results ↗
£m unless stated · newest first · italic = calculated (LTM, H2 = FY − H1) · hover a value for its source
| LTM Feb 26 | FY Aug 25 | FY Aug 24 | FY Aug 23 | FY Aug 22 | |
|---|---|---|---|---|---|
| Revenue | 1,043.3 | 1,064.0 | 1,103.7 | 1,091.9 | 1,089.3 |
| Gross profit | 75.2 | 75.1 | 73.2 | 72.5 | 72.7 |
| Adjusted EBITDA | – | – | – | 48.0 | 48.6 |
| Adjusted operating profit | 38.0 | 39.1 | 39.1 | 38.8 | 38.1 |
| Exceptional / adjusting items | – | – | – | (0.5) | (5.7) |
| Operating profit | 38.9 | 41.2 | 40.0 | 38.3 | 32.4 |
| Finance costs | (3.4) | (3.6) | (6.3) | (6.5) | (7.0) |
| Profit before tax | – | 37.9 | 34.1 | 31.8 | 27.9 |
| Tax | (9.0) | (9.6) | (8.6) | (6.7) | (4.5) |
| Net income (owners) | 27.0 | 28.3 | 25.5 | 25.1 | 23.4 |
| EPS basic | 11.1p | 11.7p | 10.6p | 10.6p | 9.8p |
| EPS diluted | 10.7p | 11.3p | 10.2p | 10.0p | 9.3p |
| Dividend per share | – | – | – | 4.2p | 4.2p |
| H1 Feb 26 | vs H1 Mar 25 | H2 Aug 25 | H1 Mar 25 | H2 Aug 24 | H1 Feb 24 | H2 Aug 23 | |
|---|---|---|---|---|---|---|---|
| Revenue | 515.7 | −4% | 527.6 | 536.4 | 563.9 | 539.8 | 541.8 |
| Gross profit | 37.4 | 0% | 37.8 | 37.3 | 38.3 | 34.9 | 34.8 |
| Adjusted EBITDA | – | – | – | 24.0 | – | 22.8 | 22.8 |
| Adjusted operating profit | 18.3 | −6% | 19.7 | 19.4 | 20.3 | 18.8 | 18.4 |
| Operating profit | 17.7 | −12% | 21.2 | 20.0 | 21.4 | 18.6 | 17.9 |
| Depreciation (right-of-use) | – | – | – | 3.2 | – | 2.8 | – |
| Amortisation | – | – | – | 0.2 | – | 0.2 | – |
| Share-based payments | – | – | – | 0.5 | – | 0.2 | – |
| Finance costs | (1.6) | −11% | (1.8) | (1.8) | (3.1) | (3.2) | (3.2) |
| Profit before tax | – | – | 19.6 | 18.3 | 18.4 | 15.7 | 14.7 |
| Tax | (4.2) | −12% | (4.8) | (4.8) | (4.5) | (4.1) | (2.9) |
| Net income (owners) | 12.2 | −10% | 14.8 | 13.5 | 13.9 | 11.6 | 11.8 |
| EPS basic | 5.0p | – | 6.1p | 5.6p | 5.8p | 4.8p | (549.4p) |
| EPS diluted | 4.8p | – | 5.9p | 5.4p | 5.6p | 4.6p | (520.0p) |
| Dividend per share | 1.8p | – | – | 1.8p | – | 1.8p | (135.8p) |
| LTM Feb 26 | FY Aug 25 | FY Aug 24 | FY Aug 23 | FY Aug 22 | |
|---|---|---|---|---|---|
| Cash from operations | 55.0 | 49.4 | 22.4 | 36.4 | 49.8 |
| Interest paid | (2.9) | (3.2) | (4.9) | (5.3) | (5.1) |
| Capex (PP&E) | (2.5) | (3.9) | (3.4) | (2.6) | (1.3) |
| Capex (intangibles) | – | (0.6) | (1.0) | (0.8) | (0.7) |
| Lease principal paid | (6.2) | (6.5) | (5.9) | (6.1) | (6.4) |
| Dividends paid | (20.9) | (17.4) | (10.8) | (9.8) | (6.1) |
| Share buybacks | (0.2) | (1.6) | (3.3) | (1.7) | (2.6) |
| Shares issued | 0.7 | 0.5 | – | – | – |
| H1 Feb 26 | vs H1 Mar 25 | H2 Aug 25 | H1 Mar 25 | H2 Aug 24 | H1 Feb 24 | H2 Aug 23 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | 26.0 | +27% | 29.0 | 20.4 | 11.3 | 11.1 | 28.6 |
| Interest paid | (1.4) | −18% | (1.5) | (1.7) | (2.2) | (2.7) | (2.6) |
| Capex (PP&E) | (0.9) | −61% | (1.6) | (2.3) | (1.5) | (1.9) | (0.5) |
| Lease principal paid | (3.0) | −9% | (3.2) | (3.3) | (3.2) | (2.7) | (2.9) |
| Dividends paid | (16.7) | +27% | (4.2) | (13.2) | (4.1) | (6.7) | (3.3) |
| Share buybacks | (0.1) | −93% | (0.1) | (1.5) | 0.0 | (3.3) | 0.1 |
| Shares issued | 0.2 | n/m | 0.5 | 0.0 | – | – | – |
| Latest Feb 26 | FY Aug 25 | FY Aug 24 | FY Aug 23 | FY Aug 22 | |
|---|---|---|---|---|---|
| Other intangibles | 2.4 | 2.5 | 2.4 | 1.9 | 1.7 |
| Property, plant & equipment | 10.2 | 10.7 | 9.7 | 8.8 | 8.6 |
| Associates & JVs | 4.6 | 4.6 | 4.6 | 4.4 | 4.2 |
| Inventories | 11.7 | 12.6 | 18.0 | 17.7 | 15.6 |
| Trade receivables | 99.1 | 103.4 | 106.2 | 101.1 | 95.7 |
| Cash | 10.5 | 8.2 | 7.0 | 37.3 | 35.3 |
| Total assets | 169.6 | 174.0 | 179.6 | 195.3 | 189.4 |
| Trade payables | 128.8 | 127.2 | 128.5 | 141.5 | 140.3 |
| Borrowings, current | – | – | – | 10.0 | 8.0 |
| Lease liabilities, current | 6.2 | 5.6 | 5.5 | 4.9 | 5.9 |
| Borrowings, non-current | 0.0 | 1.7 | 17.6 | 30.2 | 39.1 |
| Lease liabilities, non-current | 23.4 | 24.9 | 25.4 | 18.3 | 21.7 |
| Total liabilities | 163.7 | 164.5 | 182.9 | 211.6 | 221.4 |
| Total equity | 5.9 | 9.5 | (3.3) | (16.3) | (32.0) |
| Net cash / (debt) ex leases | – | 3.3 | (11.0) | (4.2) | (14.2) |
| Net cash / (debt) incl. leases | – | – | (41.5) | (26.1) | (39.4) |
| H1 Feb 26 | H2 Aug 25 | H1 Mar 25 | H2 Aug 24 | H1 Feb 24 | H2 Aug 23 | |
|---|---|---|---|---|---|---|
| Other intangibles | 2.4 | 2.5 | 2.5 | 2.4 | 2.1 | 1.9 |
| Property, plant & equipment | 10.2 | 10.7 | 10.1 | 9.7 | 8.4 | 8.8 |
| Associates & JVs | 4.6 | 4.6 | 4.7 | 4.6 | 4.4 | 4.4 |
| Inventories | 11.7 | 12.6 | 15.9 | 18.0 | 17.1 | 17.7 |
| Trade receivables | 99.1 | 103.4 | 103.2 | 106.2 | 104.4 | 101.1 |
| Cash | 10.5 | 8.2 | 6.3 | 7.0 | 16.5 | 37.3 |
| Total assets | 169.6 | 174.0 | 173.1 | 179.6 | 181.9 | 195.3 |
| Trade payables | 128.8 | 127.2 | 120.3 | 128.5 | 135.8 | 141.5 |
| Borrowings, current | – | – | – | – | 0.0 | 10.0 |
| Lease liabilities, current | 6.2 | 5.6 | 5.4 | 5.5 | 5.1 | 4.9 |
| Borrowings, non-current | 0.0 | 1.7 | 18.4 | 17.6 | 25.6 | 30.2 |
| Lease liabilities, non-current | 23.4 | 24.9 | 25.3 | 25.4 | 23.3 | 18.3 |
| Total liabilities | 163.7 | 164.5 | 175.0 | 182.9 | 195.8 | 211.6 |
| Total equity | 5.9 | 9.5 | (1.9) | (3.3) | (13.9) | (16.3) |
| Net cash / (debt) ex leases | – | 3.3 | (12.4) | (11.0) | (10.0) | (4.2) |
| Net cash / (debt) incl. leases | – | – | (42.8) | (41.5) | (37.5) | (26.1) |
| Undrawn facilities | – | – | 26.1 | – | 18.5 | – |
Line items extracted automatically from each results announcement; when a later report restates a period, the later figure is shown. LTM and H2 are calculated from reported periods. Check the source before relying on a figure.
Company filings. Not investment advice.