Significant Increase in Group Adjusted Revenue
Group adjusted revenue increased by 30% to GBP 834 million, driven largely by the acquisition of First Bus London.
Adjusted Earnings Growth
Adjusted earnings per share increased by 16% to 9.9p, supported by the repurchase of circa 22 million shares.
Interim Dividend Proposal
The Board proposed an interim dividend of 2.2p per share, up 29% against the prior year.
Reduction in Lost Mileage
First Bus achieved a 24% reduction in lost mileage to 1.3%.
Operational Efficiency and Cost Savings
Annualized overhead savings of around GBP 15 million were achieved, with GBP 7 million efficiencies through electrification progress and overhead savings.
Sustainability Initiatives
Progress in fleet electrification with 23% of the fleet now zero emission and the launch of First Charge.
Open Access Rail Expansion
Approval of extension of Lumo services to Glasgow and new Stirling to London Houston service, increasing seat miles capacity.