Johnson Service Group plc
Johnson Service Group PLC is a UK and Republic of Ireland dedicated textile services provider, operating through two segments: HORECA (Hotel, Restaurant and Catering linen, including Johnsons Hotel Linen, Johnsons HRC Linen, Johnsons Luxury Linen and Johnsons Ireland) and Workwear (workwear rental, protective wear and laundry services to UK businesses). The Group completed its transition from AIM to the Main Market of the London Stock Exchange on 1 August 2025 and, following the 2024 disposal of its Facilities Management division (shown as discontinued operations), now derives revenue from a single focused textile services business.
FY2025 in sixty seconds
year to 31 Dec 2025 · approved 2 Mar 2026 · 209 pages · Companies House
Johnson Service Group, which rents and launders linen for hotels and restaurants and workwear for businesses in the UK and Ireland, grew revenue by +4.3% to £535.4m. Profit before tax rose to £50.8m from £47.2m. Price increases, new contracts and productivity gains helped offset higher wage and employer tax costs, and energy took a smaller share of revenue. Profit was reduced by £6.0m of one-off costs, mainly from moving workwear operations from Lancaster to Manchester and from switching its share listing from AIM to London's Main Market.
Cash at the year end was £11.0m, while borrowings rose to £123.4m after the company spent £54.7m buying back its own shares. Very little was raised from issuing new shares. The dividend for the year was raised to 4.8p per share.
The board expects another year of growth in 2026 and says it remains on track for its profit margin target. The auditor gave a clean opinion and the directors raised no doubt about the company's ability to keep trading. Risks the report rates as high include cost inflation, the economy, competition and cyber attacks.
Price increases to offset cost inflation
Price increases, together with productivity improvements, helped offset cost inflation; HORECA organic revenue growth of 1.0% and Workwear organic growth of 2.4% over 2024
page 21Labour cost inflation (National Living Wage, National Insurance, Irish minimum wage/PRSI)
Labour as a % of revenue increased 140bps to 46.0% (2024: 44.6%; 2019: 43.0%), reflecting NI and National Living Wage increases in the UK (annualised employer NI impact ~£6m) and minimum wage/PRSI increases in Ireland
page 21The Board expects to deliver another year of growth across the Group and remains on track towards achieving its targeted adjusted operating margin of at least 14.0% in 2026.
page 19Progressive dividend policy. FY2025 interim dividend 1.6p paid 4 November 2025; proposed final dividend 3.2p (2024: 2.7p), taking total to 4.8p per share (2024: 4.0p), a 20.0% increase; dividend cover 2.5x based on adjusted EPS (2024: 2.5x); final dividend subject to shareholder approval, payable 15 May 2026 to shareholders on the register at 17 April 2026, committing £12.1m (total year dividend commitment £18.4m, 2024: £16.5m)
page 1211 years on one page · FY2015–FY2025
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GBP millions, negatives in brackets. Per-share lines in pence. Share counts in millions. Margins and returns as percentages, calculated from the filed figures. later is what a following report restated the figure to; vs is a second reading that disagrees. The figure shown is the one the original filing printed, and both readings are kept. Click any figure: opens the report page it was read from, highlighted; shows how it was calculated.
7 figures restated in a later report
Every figure is read again from the following year’s report: 446 confirmed, 10 differ, 7 restated.
No figure has been restated: every figure a later report printed again, it printed the same.
7 more figures were restated in FY2015 to FY2022, which a free account opens.