Inchcape’s capital allocation policy is designed to grow the business responsibly while delivering shareholder returns. This includes a dividend policy targeting an annual payout of 40% of basic adjusted earnings per share (EPS), a commitment to share buybacks, with a £175m programme in place for the 2026 financial year, and capital to be deployed into value-accretive M&A. The Group manages this within a self-mandated net debt to adjusted EBITDA limit of 1x.