TipRanks
Capita PLC (DE:CTA0)
FRANKFURT:CTA0
Germany Market
EarningsQ2 2026 Earnings Report

Capita plc (CTA0) Q2 2026 Earnings Report

0 Followers

DE:CTA0 Q2 2026 EPS Results

Actual EPS€0.16
Consensus EPS€0.16
Beat/MissMet expectations
One Year Ago EPS€0.26

DE:CTA0 Q2 2026 Revenue Results

Actual Revenue€1.07B
Expected Revenue€1.11B
Beat/MissMissed by -€36.15M
YoY Revenue Growth-21.51%

Earnings Announcement Details

QuarterQ2 2026
Date08/04/2026
TimeBefore Open
Conference CallTuesday, August 4, 2026
DE:CTA0 Upcoming Earnings
Capita plc's next earnings date is estimated for March 10, 2027, based on past reporting schedules.

Q2 2026 Earnings Call Audio

No earnings call audio is available for this earnings event.

Q2 2026 Earnings Slide Deck

No slide deck is available for this earnings event.

Q2 2026 Earnings Call Summary

Q2 2026
Earnings Call Date:Aug 04, 2026|
% Change Since:
|
Earnings Call Sentiment|Neutral
The call presents a mixed picture: operational and strategic progress (order book growth, TCV momentum, cost savings, AI/hyperscaler partnerships, improved retention and KPI delivery across most divisions) is offset by a material profitability and cash‑flow hit driven by the CSPS remediation, increased net debt and a guided free cash outflow for the year. Management emphasizes remediation priorities, simplification and long‑term AI‑led strategy, but near‑term financial and operational headwinds (CSPS) remain significant.
Company Guidance
Management guidance: the group expects FY26 revenue to be broadly flat, margins to stay in line with prior guidance but reduced by the Civil Service Pension Scheme remediation costs and residual transition overheads, and free cash flow before business exits to be an outflow of GBP 35–50m; net financial debt (pre‑IFRS16) is expected to increase (was GBP 200m at 30 June, 1.6x EBITDA), reflecting that outflow and disposal-related payments, with total H1 liquidity at GBP 351m (GBP 278m committed facilities after extension of the RCF to GBP 325m, plus GBP 73m net cash). Management reiterated its cost‑savings momentum (GBP 250m already removed, a further GBP 40m targeted in 2026–27), a c.200 basis‑point performance improvement aim by 2027, and noted H1 operating metrics of revenue GBP 906m (+1.6%), operating profit GBP 32m (‑32%), PBT GBP 12.5m, H1 cash conversion 96% (free cash flow GBP 3.5m) and an order book of c. GBP 4bn (TCV growth c.15%).
Revenue and Top-Line Resilience
Group revenue of GBP 906 million in H1, up 1.6% year‑on‑year; Capita Public Service revenue GBP 729 million, up 2.4% driven by local/regional partnerships, transactional business and TfL.
Strong Order Book and TCV Momentum
Order book increased to ~GBP 4.0 billion (excluding a GBP 425m TfL extension) and was ~GBP 250m higher than end‑2025; total new wins in H1 of ~GBP 957 million; TCV growth cited at 15%, with book covering ~76% of H1 revenue base.
Pension Solutions Revenue Surge
Pension Solutions revenue increased 24.7% to GBP 107 million (H1), reflecting CSPS contract impact and higher volumes on existing contracts.
Material Cost Savings and Simplification Progress
Cumulative cost reduction of GBP 250 million delivered to date; management committed to an additional GBP 40 million of cost savings between 2026 and 2027 following the private contact center divestiture; simplification program costs recognized (GBP 4m) as part of transition.
Operational Delivery and KPIs
Majority of business delivering KPIs north of 90% (pensions excluding CSPS close to 95%); high renewal rates and continued contract wins indicate solid delivery and customer retention across most divisions.
Improved Workforce Metrics
Group attrition reduced to ~17% (from >30% previously); public sector attrition ~14% and pensions team attrition under 10%, indicating improved employee retention and engagement.
Liquidity and Funding Actions
Revolving facility extended and increased to GBP 325 million (maturity extended to June 2029); total reported liquidity of GBP 351 million at half year (GBP 278m committed facilities + GBP 73m net cash); issued USD private placement equivalent of GBP 41m and repaid GBP 84m of USPP maturities.
Positive Free Cash Flow in H1
Reported free cash flow (excluding business exits) of GBP 3.5 million after capex, lease payments and interest; operating cash conversion of 96% in the half (albeit down from 112% prior year).
Strategic AI & Hyperscaler Progress
Progress on AI initiatives: ~500 deployed agents, Catalyst Lab and Catalyst Stack in operation, first Western European BPS company to open a store on AWS Marketplace; deepening hyperscaler partnerships (AWS, Salesforce, Anthropic) and internal 'customer zero' deployments including an AI registry for agent governance.
Completed Divestiture of Private Contact Centers
Sale of private contact centers completed and new company (Elios) operational as of announcement, enabling refocus on middle- and back-office complex services and further simplification/operational leverage.

DE:CTA0 Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Mar 10, 2027
2026 (Q4)
- / -
-1.624―
2026 (Q2)
0.16 / 0.16
0.255-37.96% (-0.10)
2025 (Q4)
- / -1.62
0.248-754.76% (-1.87)
2025 (Q2)
0.20 / 0.26
0.379-32.71% (-0.12)
2024 (Q4)
- / 0.25
-0.985125.18% (+1.23)
2024 (Q2)
- / 0.38
0.579-34.49% (-0.20)
2023 (Q4)
0.08 / -0.99
0.503-295.77% (-1.49)
2023 (Q2)
0.39 / 0.58
0.5770.41% (<+0.01)
2022 (Q4)
0.13 / 0.50
-0.443213.60% (+0.95)
2022 (Q2)
0.14 / 0.58
0.865-33.33% (-0.29)
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed