**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 ยฃ2,677 million, driven by 6.4% organic growth and 4.0% from acquisitions, primarily the Marlowe acquisition.
2. **Record Contract Awards**Secured ยฃ3.8 billion in contract awards, with an order book up 7% to ยฃ16.5 billion and a bidding pipeline up 39% to ยฃ33.0 billion.
3. **Profitability**Operating profit before Other items rose 8% to ยฃ109 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 ยฃ30 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 ยฃ100 million share buyback program, with ยฃ24 million spent to date. Interim dividend increased 8% to 1.4p per share.
7. **Financial Position**Average net debt rose to ยฃ332 million due to acquisitions, but free cash flow improved to ยฃ52 million.
8. **Full-Year Guidance**Reiterated operating profit before Other items of at least ยฃ260 million and free cash flow of at least ยฃ120 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.
Here is the HTML table code comparing Mitie Group PLC's financials and debt year on year:
**Key Observations:** * **Revenue Growth:** Mitie Group PLC experienced a 10.4% increase in revenue, driven by organic growth and acquisitions.
* **Profitability:** Operating profit before Other items grew by 7.6%, but operating profit and profit before tax decreased due to higher Other items and interest costs.
* **Cash Flow:** Free cash flow significantly improved by 51.3%, indicating better cash generation.
* **Debt Increase:** Average and closing net debt increased substantially, primarily due to the Marlowe acquisition.