EarningsQ2 2026 Earnings Report

Mitie Group plc (MITFF) Q2 2026 Earnings Report

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Previous Report: Q4 2025

Next Report: Q4 2026

MITFF Q2 2026 EPS Results

Actual EPS$0.07

Consensus EPS$0.08

Beat/MissMissed by -<$0.01

One Year Ago EPS$0.07

MITFF Q2 2026 Revenue Results

Actual Revenue$3.58B

Expected Revenue$3.61B

Beat/MissMissed by -$30.46M

YoY Revenue Growth+10.37%

Earnings Announcement Details

QuarterQ2 2026

Date11/20/2025

TimeBefore Open

Conference CallThursday, November 20, 2025

MITFF Upcoming Earnings

Mitie Group plc's next earnings date is estimated for November 19, 2026, 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:Nov 20, 2025|

% Change Since:

Earnings Call Sentiment|Positive

The earnings call reflects a positive outlook with significant revenue growth, a strong order book, and successful integration of a major acquisition. However, challenges remain in maintaining profit margins and addressing inflationary pressures.

Company Guidance

During the call, the guidance provided by Mitie emphasized several key metrics and strategic initiatives. The company confirmed its FY '26 EBIT guidance of GBP 260 million, supported by the successful integration of Marlowe Facilities Compliance and the impact of AI on the business. Mitie reported double-digit revenue growth for the fifth consecutive six-month period, with a 12% annual increase in revenue and a 13% growth in operating profit. The company's free cash flow generation was strong, with a free cash inflow of GBP 51.9 million, and its leverage was modest at 1x EBITDA. The order book grew by 31% year-on-year to GBP 16.5 billion total contract value (TCV), and the pipeline increased to GBP 33 billion TCV. The company also launched a new GBP 100 million buyback program. Additionally, Mitie highlighted the strategic importance of its projects division, with an average project size of GBP 270,000, and discussed the growing opportunities in the facilities compliance market, particularly with new water services driven by regulatory changes. The company's AI strategy is expected to drive margin expansion beyond FY '27. Overall, Mitie expressed confidence in achieving its FY '27 targets and sustaining growth into FY '28.

Sustained Double-Digit Revenue Growth

Mitie reported a double-digit revenue growth for the fifth consecutive period. Revenue is up 10.4% to GBP 2.7 billion, driven by strong organic growth of 6.4%.

Strong Order Book and Pipeline Growth

The order book grew by 31% year-on-year to GBP 16.5 billion TCV, and the pipeline increased from GBP 17.6 billion TCV to GBP 33 billion TCV.

Successful Integration of Marlowe Acquisition

Marlowe acquisition added GBP 51 million in revenue, and the integration is progressing well with expected cost synergies of at least GBP 15 million by FY '27.

Record Contract Wins

Achieved record contract wins with a total contract value of GBP 3.8 billion in the period.

AI Strategy and Margin Expansion

AI efficiencies are expected to underpin a 5% margin aspiration. The agentic mesh is anticipated to complete by summer '26, enhancing operational efficiencies.

Strong Free Cash Flow and Modest Leverage

Generated a free cash inflow of GBP 51.9 million, with leverage at 1x EBITDA, supporting a new GBP 100 million buyback program.

MITFF Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change
Nov 19, 2026	2027 (Q2)	0.09 / -	0.071	―
Jun 04, 2026	2026 (Q4)	0.10 / 0.10	0.069	50.00% (+0.03)
Nov 20, 2025	2026 (Q2)	0.08 / 0.07	0.067	6.00% (<+0.01)
Jun 05, 2025	2025 (Q4)	0.09 / 0.07	0.084	-17.46% (-0.01)
Nov 21, 2024	2025 (Q2)	0.05 / 0.07	0.061	8.70% (<+0.01)
Jun 06, 2024	2024 (Q4)	0.08 / 0.08	0.056	50.00% (+0.03)
Nov 23, 2023	2024 (Q2)	0.06 / 0.06	0.044	39.39% (+0.02)
Jun 08, 2023	2023 (Q4)	- / 0.06	-0.001	4300.00% (+0.06)
Nov 17, 2022	2023 (Q2)	- / 0.04	0.06	-26.67% (-0.02)
Jun 09, 2022	2022 (Q4)	- / >-0.01	-0.007	80.00% (<+0.01)

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