**Mitie Group PLC Q3 FY26 Trading Update Summary:**
Mitie Group PLC, the UKs leading Facilities Management, Transformation, and Compliance company, reported strong performance in its Q3 FY26 trading update, highlighting continued strategic momentum and growth.
**Key Highlights**
* **Revenue Growth** Revenue increased by 10% year-over-year to £1,447 million in Q3 FY26, driven by 4% organic growth and 6% inorganic growth from acquisitions, primarily Marlowe.
* **Contract Wins** Secured £4.7 billion in contract wins and extensions/renewals year-to-date, with a record pipeline of bidding opportunities reaching £30.4 billion.
* **Free Cash Flow** Generated £74 million in free cash flow year-to-date, exceeding the previous years performance.
* **Acquisitions** Successfully integrated Marlowe, expanding Mities presence in the Facilities Compliance market, and acquired Forest Group and RMS to strengthen its capabilities in refrigeration maintenance and industrial heat pump installation.
* **Outlook** Confident in delivering double-digit revenue and operating profit growth in FY26, with operating profit exceeding £260 million and free cash flow surpassing £120 million.
**Divisional Performance**
* **Business Services** Revenue grew by 21% driven by acquisitions, net wins, and project work.
* **Technical Services** Revenue slightly declined by 1% due to contract losses and planned exits, partially offset by new wins and projects.
**Strategic Progress**
* **Marlowe Integration** Integration progressing well with expected synergies and cross-selling opportunities.
* **Share Buyback** £71 million worth of shares repurchased year-to-date as part of the share buyback program.
* **Funding** Refinanced Marlowe bridge facility with US Private Placement notes, strengthening liquidity and funding position.
**Overall** Mitie Group PLC demonstrated strong performance in Q3 FY26, driven by organic growth, strategic acquisitions, and a robust pipeline of opportunities. The company is well-positioned for continued growth and value creation, supported by its leadership position in the UK Facilities Management market and its expanded capabilities in Facilities Compliance.