Redde Northgate PLC has announced its results for the half-year ended 31 October 2023. The company reported strong underlying results with good momentum and a healthy pipeline. Total revenue growth was up 30.9%, with underlying revenue up 16.9%. Vehicle hire revenue rose 6.7%, with Spain up over 10% and the UK&I up 4.4%. Disposal profits were £34.7m, up from £24.7m in the previous year. The company's stable margins for vehicle rental and accident claims and repair businesses remained strong. Reported profit before tax was £97.4m, while underlying profit before tax was £99.1m, up 18.3% from the previous year. EBITDA grew 10.7% to £220.0m. The company's leverage remained stable at 1.6x, supported by fleet assets of £1.23bn and over £236m of facility headroom. Redde Northgate also announced a 10.7% increase in the interim dividend to 8.3p. The company's fleet remained at approximately 130,000 vehicles, with growth in Spain offsetting ongoing supply challenges in the UK&I. Redde Northgate has been investing in new facilities and supporting the transition to net zero, including EV purchases and EV charging points. The company expects earnings for the full year to be modestly ahead of market consensus.