EarningsQ2 2026 Earnings Report
MPGPF Q2 2026 EPS Results
Actual EPS$0.02
Consensus EPS―
Beat/Miss―
One Year Ago EPS$0.00
MPGPF Q2 2026 Revenue Results
Actual Revenue$1.08B
Expected Revenue―
Beat/Miss―
YoY Revenue Growth+0.13%
Earnings Announcement Details
QuarterQ2 2026
Date08/06/2026
TimeBefore Open
Conference CallThursday, August 6, 2026
MPGPF Upcoming Earnings
Michael Page plc's next earnings date is estimated for March 11, 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
Earnings Call Sentiment|Neutral
The call presents a balanced picture. There are clear signs of operational progress: improved operating profit versus the prior year, higher fee-earner productivity, record performances in Page Executive and Enterprise Solutions, significant cost-savings actions (GBP 40m annualized) and a strong Net Promoter Score (67). However, these positives are offset by a small year-on-year decline in gross profit (-2.4%), regional trading challenges (France, Northern Europe, U.K.), working capital and cash pressure that moved the group to net debt in H1 (GBP 7.2m), an elevated tax rate (41.2%) and short-term one-off costs. Management expects full-year operating profit in line with consensus (GBP 28m) and anticipates a return to a net cash position by year-end, but near-term headwinds and mixed regional performance temper the outlook.Company Guidance
Operating Profit Recovery
Group operating profit of GBP 9.7m in H1 2026, up from GBP 2.1m in H1 2025, with a group conversion rate of 2.5% (EMEA conversion was 7.5% and the Americas 4.2%).
Productivity Improvement
Gross profit per fee earner increased 3.7% versus H1 2025, the highest level since the record year in 2022.
Page Executive Record Performance
Page Executive delivered a record H1 with revenue/gross profit growth of 8%; Page Executive represents ~10% of group gross profit and is positioned as a strategic driver and referral source into other lines of business.
Enterprise Solutions Strong Growth
Enterprise Solutions outsourcing delivered a record H1 with growth of 22%, improving conversion opportunities with large strategic customers.
Regional Growth Pockets
Continued growth in Asia Pacific and the Americas, return to growth in Southern Europe in Q2, and country-level records/good growth in India (record), U.S., Colombia, Greater China, Japan and Spain; around 50% of the group was in growth in H1.
Significant Cost-Saving Initiatives
Since strategy launch, initiatives (excluding fee-earner reductions) have delivered ~GBP 40m of annualized savings; H1 included GBP 2.5m of one-off costs tied to senior exits that will deliver further annualized savings from 2027.
Lower Capital Spend and Software Efficiency
Net capital expenditure reduced to GBP 3.2m in H1 (down from GBP 7.1m), driven by SaaS adoption and completion of post-pandemic office fit-outs.
Customer Experience and Social Progress
Net Promoter Score increased to 67 in H1 (from a pre-strategy baseline of 52); social impact metric: changed >75,000 lives in H1 and over 865,000 lives since 2020, tracking toward the 1 million lives by 2030 target.
Clear Capital Allocation and Dividend
Board declared an interim dividend of 1.46p per share (GBP 4.6m) while maintaining a clear capital allocation policy; group had cash of GBP 30.4m and expects to close the year around GBP 30m net cash after the interim dividend.
MPGPF Earnings History
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