MOBICO GROUP PLC - Audited results for the 15-months ending 31 March 2026

Mobico Group’s investor update highlighted a strong start to 2026, underpinned by improving operational performance, disciplined cost management and continued progress in reducing legacy risks. For the 15-month reporting period, revenue increased 6% to £3.4bn, adjusted operating profit rose 18% to £231m and the Group generated £132m of free cash flow, while first-quarter 2026 revenue and adjusted operating profit showed further acceleration. Management upgraded full-year adjusted operating profit guidance to £215m–£230m, reflecting robust trading momentum led by ALSA, which delivered record performance driven by growth across its Spanish, international and diversified transport operations. The Group also outlined significant progress in restructuring German rail contracts, streamlining UK operations, delivering £75m of targeted cost savings and reducing capital expenditure to strengthen cash generation and deleverage the balance sheet. Mobico remains focused on operational excellence, improving margins, disciplined capital allocation and resolving legacy liabilities while pursuing asset-light growth opportunities in key international markets, including Saudi Arabia and the US. Management reiterated that debt reduction remains the Group’s highest priority, supported by strong liquidity, improving cash flow and ongoing strategic initiatives designed to enhance long-term shareholder value.