Mobico Group (LON:MCG) reported higher revenue and adjusted operating profit for the 15 months ended March 31, 2026, while outlining further cost reductions, contract restructuring and balance-sheet actions intended to reduce leverage.
Revenue rose 6% to £3.4 billion compared with the prior 15-month period, while adjusted operating profit increased 18% to £231 million, Group CFO Brian Egan said
Statutory operating profit was £12 million, reflecting significant adjusting items. Free cash flow totaled £132 million, lower than in the 12 months to December 2024, largely because of cash outflows related to the school bus business before its July 2025 sale. The company said it made a strong start to 2026, with first-quarter revenue up £28 million, or 9%, and adjusted operating profit nearly doubling from the equivalent period a year earlier.
Mobico raised its 2026 adjusted operating profit guidance to £215 million to £230 million from a previous range of £195 million to £210 million. Alsa growth and German Rail restructuring Chair Phil White said Alsa, Mobico’s Spanish and international transport business, again delivered record results and is becoming increasingly important to the group. In the first quarter, Alsa revenue increased by £29 million and adjusted operating profit rose by £6 million.