James Dyson’s manufacturing group paid a £750 million dividend to the family holding company, Weybourne Holdings Pte, in the past year, marking a significant increase from the £200 million distributed in 2024. This payout, which nearly doubles the group’s net profit, represents a reversal of a downward trend in dividends since 2022, despite the impact of US tariffs on the company’s sales.
The company reported a 7 percent decline in revenues to £6.1 billion for 2025, alongside a 14 percent drop in net profit to £381 million. Dyson attributed part of the financial challenges to tariffs imposed by the United States, which resulted in a £440 million hit to sales during the year. However, the firm said its operating performance remained robust, with earnings before interest, taxes, depreciation, and amortization (EBITDA) growing 18 percent and operating profit increasing by 15 percent. Dyson also highlighted that, absent the tariffs, pre-tax profit would have risen.
An additional $70 million dividend was declared to Weybourne Holdings early this year, according to recent company filings.
Dyson, listed among the UK’s wealthiest individuals with an estimated net worth of $14.9 billion, relocated the headquarters of his business to Singapore in 2019, citing the strategic advantage of being closer to expanding Asian markets. The move sparked controversy in the UK, especially in light of the country’s exit from the European Union, although Dyson stated that tax considerations were not the primary motivation. Singapore’s corporate tax rate stands at a flat 17 percent, compared to the UK’s tiered system where the main rate is 25 percent.
The 2025 financial statements showed the company benefited from a government tax incentive totaling £49 million. Since the relocation, the Dyson family has expanded its investment portfolio through Weybourne Holdings into various sectors including agriculture, real estate, and renewable energy. Dyson Farm Holdings, a subsidiary, manages roughly 36,000 acres of land in the UK, making it one of the country’s largest landowners.
Among the directors of Weybourne Holdings are prominent figures such as Tan Su Shan, chief executive of DBS, Singapore’s largest bank, and Koh Boon Hwee, chairman of the Singapore Stock Exchange.
