Mears Group PLC, a leading UK housing services provider, reported strong financial, operational, and strategic progress in its preliminary results for the year ended 31 December 2025. Key highlights include
**Revenue Growth**Total revenue increased slightly to £1,135.5 million, with a 12% rise in Maintenance-led revenue to £620.4 million, offset by an 11% decline in Management-led revenue to £515.0 million.
**Profitability**Statutory operating profit rose by 3% to £75.0 million, with adjusted operating margin improving to 5.7%. Profit before tax was marginally lower at £63.5 million.
**Cash Performance**Average daily adjusted net cash was £52.8 million, with strong cash conversion at 82% of EBITDA.
**Strategic Progress**New contract awards valued at over £300 million, including significant retentions and new wins. The order book reached an all-time high of £4.0 billion.
**Acquisitions and Divestments**The acquisition of Pennington Choices enhanced compliance capabilities, while the disposal of non-core Facilities Management activities simplified the Groups focus on housing services.
**Dividends and Share Buybacks**A 9% increase in the full-year dividend to 17.50p per share, and a new £20 million share buyback programme approved.
**Outlook**Confidence in delivering Maintenance-led growth of 5-9% annually, with adjusted operating margins expected to remain within 5-6%.
Overall, Mears demonstrated resilience and strategic advancement, positioning itself for continued growth in the housing sector.