## Summary of Hansard Global plcs Financial Results for the Year Ended 30 June 2025
**Key Highlights**
* **Strong new business growth** New business sales increased by 5.9% to £82.4 million on a PVNBP basis and 17.3% to £12.2 million on an APE basis, driven by strong uptake of Global Select and early traction from Ascend and Future Focus products.
* **Improved solvency** Solvency ratio strengthened to 169% from 149% in the previous year, reflecting capital management initiatives and strong underlying performance.
* **Sustained dividend** The Board recommended a final dividend of 2.65p per share, maintaining the total dividend for the year at 4.45p per share.
* **Positive outlook** The company is optimistic about future growth opportunities, particularly in Japan and Latin America, with a focus on improving customer service, expanding its international footprint, and future-proofing its business.
**Financial Performance**
* **IFRS profit before tax** Declined to £1.8 million from £5.3 million in the previous year due to continued investment in strategic initiatives and elevated litigation costs.
* **Underlying profit** Remained robust at £5.1 million, excluding non-recurring items.
* **Assets under administration** Slightly decreased to £1.13 billion from £1.15 billion in the previous year.
* **Value of in-force** Decreased to £103.1 million from £110.8 million, primarily due to profits earned exceeding expected future profits from new business.
**Strategic Initiatives**
* **Product innovation** Launched award-winning products like Global Select, Ascend, and Future Focus, catering to diverse customer needs.
* **International expansion** Made progress in Japan with regulatory approvals and operational readiness, and strengthened distributor relationships in Latin America.
* **Digital transformation** Continued to enhance its policy administration system, aiming for greater automation, scalability, and improved customer experience.
* **Sustainability focus** Advanced its ESG agenda, achieving a 9% reduction in Scope 1 and 2 emissions and expanding community engagement efforts.
**Outlook**
* **FY 2026** A pivotal year for Hansard Global, transitioning from foundational investment to execution and growth.
* **Strategic priorities**
* **Improve** Elevate customer service, enhance product features, and strengthen distributor relationships.
* **Grow** Launch Japanese proposition, expand in Latin America, and develop innovative products.
* **Future-proof** Optimize operational efficiency, manage legacy litigation, and advance ESG agenda.
* **Financial expectations**
* New sales to contribute positively to profitability over the long term.
* Strong solvency position to support sustainable growth and shareholder returns.
**Overall**
Hansard Global plc demonstrated resilience and strategic progress in FY 2025, despite challenges like litigation costs and macroeconomic headwinds. The companys focus on product innovation, international expansion, and digital transformation positions it well for sustainable growth and long-term value creation.