Solid Financial Performance
Underlying sales, excluding OPM, grew by 2%, and adjusted operating profit increased by 4% to GBP 250 million. Free cash flow rose by GBP 77 million, reflecting strong operational cash performance.
Strategic Progress and AI Integration
Pearson has made significant strides in integrating AI into its product offerings, enhancing customer experience and operational efficiencies. The company is on track to meet its strategic priorities for 2024.
Positive Outlook in Higher Education
Encouraging signs in higher education with spring market adoption data indicating small share gains. Pearson Plus performed well with 5 million registered users and 1.1 million paid subscriptions, representing 18% growth.
Dividend Increase
Reflecting strong performance and confidence in future prospects, Pearson is proposing a 6% increase in the interim dividend to 7.4p.
Successful Cost Management
Operational improvements and AI-enabled initiatives expected to unlock tens of millions of pounds in savings over the medium term.