Dividends despite losses — paying shareholders through the red

Loss-making companies that still paid a substantial dividend — shareholders paid out of reserves, not profit · 485 qualifying · snapshot 2026-06-01

# Company Industry Dividends paidPre-tax lossNet assets
01 ANNINGTON PROPERTY LIMITED Ministry of Defence residential landlord Real Estate £5.38B £-673,294,000 £272M
02 HSBC BANK PLC Financials £1.95B £-119,000,000 £NaN
03 CREDIT SUISSE INTERNATIONAL Financials £1.81B £-116,173,808 £2.27B
04 ACTIVISION BLIZZARD UK LTD Video game publisher UK subsidiary Technology £1.51B £-261,666,415 £1.98B
05 SIX CONTINENTS LIMITED InterContinental Hotels Group subsidiary Industrials £1.50B £-238,000,000 £2.10B
06 LAND SECURITIES P L C Real Estate £900M £-108,893,000 £NaN
07 ANGLO AMERICAN INVESTMENTS (UK) LIMITED Holding company for mining group Industrials £800M £-3,830,065,631 £11.23B
08 ANGLO AMERICAN PLC Multinational mining group Basic Materials £774M £-1,421,997,586 £21.52B
09 WESTERN DIGITAL (UK) LIMITED Consumer Discretionary £744M £-92,146,198 £509M
10 ITHACA MA LIMITED Oil and gas extraction subsidiary Energy £713M £-17,037,568 £69M
11 EMR GROUP LIMITED Multinational metal recycling group Industrials £632M £-2,000,000 £255M
12 BRIGHTON STM GROUP HOLDING COMPANY LIMITED Real estate holding company Real Estate £547M £-64,300,000 £152M
13 SAINSBURY'S BANK PLC Financials £400M £-24,000,000 £231M
14 TRAVIS PERKINS TRADING COMPANY LIMITED Consumer Discretionary £384M £-50,400,000 £355M
15 KYOWA KIRIN INTERNATIONAL PLC Industrials £360M £-38,800,000 £783M
16 ENTERPRISE OIL MIDDLE EAST LIMITED Shell oil extraction subsidiary Energy £360M £-24,560,000 £130M
17 CEDAR ENERGY AND INFRASTRUCTURE LIMITED Utilities £328M £-14,739,000 £712M
18 BARRATT REDROW PLC London-listed UK housebuilder Industrials £249M £-114,100,000 £3.88B
19 GREENCOAT UK WIND PLC Industrials £227M £-192,617,000 £2.88B
20 SMURFIT WESTROCK CONSUMER PACKAGING LIMITED Basic Materials £214M £-11,687,655 £356M
21 RENEWABLE ENERGY SYSTEMS LIMITED Independent renewable energy developer Industrials £176M £-45,484,000 £371M
22 BLUEFIELD RENEWABLES 2 LIMITED Utilities £175M £-3,747,420 £160M
23 WEYBRIGHT FSL LIMITED Industrials £167M £-88,261,919 £5.32B
24 ATLANTICA SUSTAINABLE INFRASTRUCTURE PLC Utilities £136M £-9,226,011 £1.00B
25 PULLMAFLEX U.K. LIMITED Industrials £117M £-102,275,705 £778M

All figures from each company's latest filed Companies House accounts; detailed filers only, with implausible outliers and scale artifacts excluded. Filed accounts lag the present by roughly 12–24 months, and group-vs-parent scope changes can move a figure between filings. Banks and insurers that don't report a turnover line are under-represented on the turnover-based boards.