**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 ยฃ1,447 million in Q3 FY26, driven by 4% organic growth and 6% inorganic growth from acquisitions, primarily Marlowe.
* **Contract Wins** Secured ยฃ4.7 billion in contract wins and extensions/renewals year-to-date, with a record pipeline of bidding opportunities reaching ยฃ30.4 billion.
* **Free Cash Flow** Generated ยฃ74 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 ยฃ260 million and free cash flow surpassing ยฃ120 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** ยฃ71 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.
Below is the HTML table code comparing the financials and debt year on year based on the provided text: < lang="en">
> ### Explanation:
1. **Revenue**: Q3 FY26 revenue increased by 10% compared to Q3 FY25, driven by both organic and inorganic growth.
2. **Free Cash Flow**: Year-to-date free cash flow increased by 25% from ยฃ59m in FY25 to ยฃ74m in FY26.
3. **Net Debt**: Average net debt increased by 61% year-to-date, and period-end net debt increased by 150%, primarily due to the Marlowe acquisition.
4. **Contract Wins/Extensions/Renewals**: Slightly lower year-to-date compared to FY25.
5. **Bidding Pipeline**: Increased by 28% to ยฃ30.4bn, reflecting strong future opportunities. This table provides a clear comparison of key financial and debt metrics between Q3 FY26 and Q3 FY25.