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.

Target	Promise	Said	Status
2024
FY2024	Deliver FY2024 results in line with market expectations.	8 Nov 2023	✓ Kept
	“We are confident in delivering results for the current financial year in line with market expectations” Result FY2024 profit of £39.1m was ahead of expectations. “Financial performance across FY 2024 ahead of market expectations”5 Nov 2024 · Final Results “Smiths News continued to see robust trading throughout FY 2024, delivering results ahead of market expectations for the period.”5 Nov 2024 · Final Results
2025
2025-11	Update on capital allocation and growth initiatives at November 2025 results.	23 Sep 2025	✓ Kept
	“The Group expects to provide an update on capital allocation and progress with its growth initiatives at full year results in November 2025.” Result November 2025 results lifted dividends to 8.55p and covered strategy. “The Company continues to apply the capital allocation policy which was updated following refinancing in May 2024. With higher profit after tax, the proposed total ordinary dividend increased 8% to 5.55p (FY2024: 5.15p) being 2x cover. A special dividend of 3.0p (FY2024: 2.0p) is also proposed, taking total distributions to 8.55p (FY2024: 7.15p).”4 Nov 2025 · Final Results “Management continues to implement strategy to establish Smiths News as a leading provider of early morning, end-to-end supply chain solutions”4 Nov 2025 · Final Results
2026
FY2026	Deliver FY2026 results in line with market expectations.	4 Nov 2025	✓ Kept
	“The Company has delivered a good start to trading in the current financial year and expects to deliver results in line with current market expectations” Result September 2026 update expects results ahead of expectations. “Trading across FY2026 now expected to be ahead of market expectations”29 Sep 2026 · Post Year-End Trading Update
Today · 11 Oct 2026
2029
2029	Secure long-term contracts to 2029 for most newspaper and magazine revenue, rising from 65% to over 96%.	8 Nov 2023	✓ Kept
	“Smiths News has now formally secured long-term contracts with over 96% of its newspaper and magazine revenues through to 2029” Also stated 5 Nov 2024 · 19 Mar 2026 Result Coverage rose to 74%, 91% and then over 96% after the Guardian renewal. “Following this agreement Smiths News has now formally secured long-term contracts with over 96% of its newspaper and magazine revenues through to 2029.”19 Mar 2026 · Contract Renewal with The Guardian