London · Delayed Price · Currency is GBP · Price in GBX FirstGroup Earnings Call Transcripts
Fiscal Year 2026
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Adjusted revenue rose 25% to £1.7 billion, with EPS up 5% and strong cash generation supporting an 11% dividend increase and a new £100 million buyback. Bus and coach segments drove growth, while rail faced headwinds from nationalization and competition.
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Strong half-year results with 30% adjusted revenue growth and 16% EPS increase, driven by acquisitions, cost efficiencies, and electrification investments. Outlook remains positive with modest EPS growth expected for FY26 and a robust balance sheet supporting further U.K. expansion.
Fiscal Year 2025
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Adjusted revenue grew 7% to £1.4bn and adjusted EPS rose 16% to 19.4p, with strong cash generation supporting an 18% dividend increase and a new £50m buyback. Strategic acquisitions, electrification, and open-access rail expansion underpin a positive outlook for FY2026.
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Strong H1 2025 results with revenue and margin growth in bus and rail, increased dividend, and a new £50m buyback. Electrification and acquisitions drive diversification, while guidance remains positive despite upcoming rail nationalization.
Fiscal Year 2024
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The acquisition secures a major entry into the London bus market, diversifies earnings, and leverages RATP London’s strong operational base and electrification progress. Financially, the deal is earnings-neutral until FY2027, with synergies and margin improvements expected as contracts are rebid.
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Strong financial growth in FY2024 with adjusted EPS up 44% and robust performance in both bus and rail. Continued investment in electrification, strategic acquisitions, and a solid balance sheet position the group for further growth, despite regulatory and inflationary risks.