Change in reporting currency

Summary by AI BETAClose X

Hill & Smith PLC is providing historical financial data in US dollars to prepare for its reporting currency change to USD, effective from its interim results for the six months ending 30 June 2026. This strategic shift is driven by the increasing significance of its US operations, which accounted for 63% of revenues and 79% of operating profits in 2025. The company believes this change will enhance transparency and reduce foreign exchange volatility for stakeholders. Dividends will be declared in USD commencing with the interim dividend for the year ending 31 December 2026, payable in January 2027, though shareholders can elect to receive them in sterling.

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