Pearson profits jump 10%, unveils £350m buyback

(Sharecast News) - Education publisher Pearson on Friday said annual profit rose 10% and unveiled a £350m share buyback as it reiterated guidance for 2025.

Full-year adjusted operating profit came in at £600m, at the upper end of guidance, while the final dividend was lifted to 24p a share.

Chief executive Omar Abbosh said an accelerated rollout of artificial intelligence across its products remained a priority.

"We also continue to focus on expanding our presence in the highly attractive Enterprise skills market at a time where Pearson can play an important role in helping bridge the critical skills gap that impacts the economy, workforce and individuals," he said.

Reporting by Frank Prenesti for Sharecast.com