16. Earnings per share

The earnings per share calculation uses the weighted average number of shares in issue during the year. There were no dilutive instruments during the period (2024: nil).

2025

2024

Basic and diluted earnings per share

£0.34

£0.15

Profit for the year (’000)

£58,594

£26,856

Weighted average number of shares in issue (’000)

172,628

176,418

The Company’s diluted earnings per share equals the basic earnings per share.