MOBICO GROUP PLC - Unaudited results for the 12 months ended 31 December 2025

In this episode, we explore Mobico Group PLC’s recent financial results and strategic outlook for 2026 amidst significant challenges. Revenue increased by 6% to £2.8 billion, with operating profit rising 9% to £198 million, indicating progress in their "simplify, strengthen, succeed" strategy. Key developments include restructuring rail contracts in Germany to halt cash drainage and a successful single ticket initiative in Spain that boosted revenue by 12.8%. The company is also navigating market volatility, with 94% of its debt on fixed rates and actively cutting costs to target £75 million in savings for 2026. As Mobico confronts competition and political shifts, questions remain about the sustainability of its turnaround efforts.