**Summary of Mitie Group PLC H1 FY26 Results (20 November 2025):**
Mitie Group PLC reported strong H1 FY26 results, showcasing momentum in its strategic plan and financial targets. Key highlights include
1. **Revenue Growth**Revenue increased by 10.4% to £2,677 million, driven by 6.4% organic growth and 4.0% from acquisitions, primarily the Marlowe acquisition.
2. **Record Contract Awards**Secured £3.8 billion in contract awards, with an order book up 7% to £16.5 billion and a bidding pipeline up 39% to £33.0 billion.
3. **Profitability**Operating profit before Other items rose 8% to £109 million, with a resilient margin of 4.1%. Basic EPS before Other items increased 6% to 5.7p.
4. **Marlowe Acquisition**Integration progressing well, delivering Facilities Compliance market leadership, and on track to achieve £30 million in synergies by FY28.
5. **Strategic Investments**AI initiatives are enhancing workflow and workforce management, contributing to operational efficiency.
6. **Capital Deployment**Launched a £100 million share buyback program, with £24 million spent to date. Interim dividend increased 8% to 1.4p per share.
7. **Financial Position**Average net debt rose to £332 million due to acquisitions, but free cash flow improved to £52 million.
8. **Full-Year Guidance**Reiterated operating profit before Other items of at least £260 million and free cash flow of at least £120 million.
CEO Phil Bentley emphasized progress in the Three-Year Strategic Plan (FY25-FY27), with Mitie on track to exceed revenue targets and enhance profitability through organic growth, acquisitions, and operational efficiencies. The company remains focused on delivering value to shareholders through dividends, share buybacks, and strategic investments in technology and compliance services.