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Capita restates 2024 figures as it exits closed book Life & Pensions unit

Story Highlights
  • Capita will treat its closed book Life & Pensions arm as a business exit, restating 2024 results.
  • Pro forma 2024 data show lower revenue and profit but stronger cash conversion without CBL&P.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Capita restates 2024 figures as it exits closed book Life & Pensions unit

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An update from Capita plc ( (GB:CPI) ) is now available.

Capita has confirmed that its closed book Life & Pensions business will be treated as a business exit and removed from the Regulated Services division in its external reporting, ahead of its 2025 full-year results. The company has published pro forma 2024 figures showing group revenue reduced from £2,369.1m to £2,225.7m and adjusted operating profit from £95.9m to £84.6m once CBL&P is excluded, while cash conversion improves from 39% to 49%.

Management said the group has been managing an orderly exit from CBL&P for several years, with the business now in structural revenue decline and subject to profit and cash flow volatility as contracts are handed back and migrated. In 2024, contract migrations generated about £10m of one-off deferred income releases and additional transition services that boosted profit and cash flow, but by 2025 CBL&P had reverted to a loss-making operation, and its exclusion from adjusted results is intended to clarify the performance of Capita’s ongoing activities for investors and other stakeholders.

The most recent analyst rating on (GB:CPI) stock is a Hold with a £420.00 price target. To see the full list of analyst forecasts on Capita plc stock, see the GB:CPI Stock Forecast page.

Spark’s Take on GB:CPI Stock

According to Spark, TipRanks’ AI Analyst, GB:CPI is a Neutral.

Capita plc’s overall stock score reflects a mixed financial performance with significant leverage and cash flow issues. Strong technical momentum and positive corporate events provide some optimism, but valuation concerns and regulatory challenges temper the outlook.

To see Spark’s full report on GB:CPI stock, click here.

More about Capita plc

Capita plc is a UK-based outsourcing and business services provider that delivers customer management, professional services and technology-enabled solutions to public and private sector clients. Within its portfolio it has operated a Regulated Services division, which historically included its closed book Life & Pensions administration activities for long-term insurance and savings providers.

Average Trading Volume: 541,206

Technical Sentiment Signal: Hold

Current Market Cap: £425.1M

For detailed information about CPI stock, go to TipRanks’ Stock Analysis page.

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