FirstGroup has this morning announced its full year results to March 28 2026, revealing a 25% lift in adjusted revenue to £1.7billion.
The Aberdeen-headquartered transport giant reported growth in both its First Bus and First Rail divisions, although additional costs including associated with open access meant overall group adjusted operating profit came in marginally lower at £219.4million.
First Bus revenue alone was up 33% to £1.4billion, while the adjusted operating profit defied a £26million decrease in fare funding and lower passenger numbers to rise 7% to £102.8million.
Looking ahead, the company expects First Bus revenue to continue to grow to over £1.5billion.
First is actively participating in regional bus franchising opportunities and continues to evaluate a strong pipeline of bus and rail growth opportunities in line with its UK-focused growth strategy.
Commenting, Chief Executive Officer Graham Sutherland said: "Our strong performance in FY 2026 against significant headwinds has reinforced our track record for delivery and shareholder returns.
"Looking ahead, our focus on operational excellence and our diverse portfolio, robust asset base and cash generative businesses will enable continued growth and scope for further, material returns.
"As the UK bus and rail industries evolve over the coming years, we will continue to position the group as a leading UK transport company with the commitment, expertise, scale and financial strength to build active, long-term partnerships to create better transport services."
FSTE100
The UK's flagship share index, the FTSE 100, was down 70 points at 10,422 shortly after opening this morning.
Brent crude oil futures were down 1.75%, sitting at $78.16 a barrel this morning.
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