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Serco Group plc (GB:SRP)
LSE:SRP
UK Market

Serco Group plc (SRP) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Jul 30, 2026
TBA (Confirmed)
Period Ending
2026 (Q2)
Consensus EPS Forecast
Last Year’s EPS
0.1
Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings

Earnings Call Summary

Q4 2025
Earnings Call Date:Mar 05, 2026|
% Change Since:
|
Earnings Call Sentiment|Positive
The call presented a broadly positive operational and financial story: headline revenue and profit grew, a record decade-high GBP 12.1bn pipeline and strong order intake (book-to-bill >100%) underpin momentum into 2026. Cash generation, capital returns (dividend + buyback) and successful MT&S integration were notable achievements. Offsetting these positives were region-specific revenue reductions (APAC, Middle East), only modest organic growth (1%), higher net debt following the MT&S acquisition and elevated mobilization/integration costs. Management reiterated guidance for 2026 with revenue around GBP 5.0bn and underlying operating profit around GBP 300m, signaling confidence while acknowledging near-term headwinds in immigration and timing delays in some markets.
Company Guidance
Serco's 2026 guidance targets revenue of around GBP 5.0 billion (c.3% organic growth), assuming a full‑year contribution from MT&S and contract ramp‑ups offset by an estimated c.3% organic headwind from reduced U.K. and Australian immigration activity; underlying operating profit of about GBP 300 million (>10% above 2025), implying a margin of ~6% (top of the 5–6% medium‑term target); net finance costs of c. GBP 52 million (reflecting MT&S‑funding debt and the new GBP 75 million buyback); free cash flow of c. GBP 160 million (consistent with the medium‑term ambition to convert at least 80% of profit into cash); and adjusted net debt expected to finish 2026 around GBP 165 million (vs. prior pre‑close guidance of GBP 150 million). The guidance is supported by 2025 results of revenue GBP 4.9 billion, underlying operating profit GBP 272 million (5.6% margin), cash conversion 112%, order intake GBP 5.5 billion (book‑to‑bill 114%), and a record GBP 12.1 billion pipeline.
Revenue and Profit Growth
Revenue of GBP 4.9 billion, up 3% at constant currency; underlying operating profit GBP 272 million, up 1% at constant currency; margin 5.6% (middle of 5%-6% target range).
Strong Order Intake and Pipeline
Order intake GBP 5.5 billion (book-to-bill 114%); group pipeline GBP 12.1 billion, the highest in a decade; more than two-thirds of order intake from Defence.
Defence Momentum and Wins
Secured around GBP 3.5 billion of defence contracts; Defence now c.40% of group revenue; Defence segment delivered double-digit organic growth and strong win rates across key geographies.
Regional Performance — North America
North America revenue GBP 1.46 billion, up 10% (4% organic + 9% MT&S contribution, offset by 3% adverse currency); underlying operating profit GBP 144 million, up 5%; win rate 37% and pipeline more than doubled to GBP 5 billion.
Integration of MT&S
Completed rapid integration: ~1,000 colleagues transferred; MT&S acquisition (GBP 245 million) contributed GBP 9 million operating profit in first 7 months after absorbing GBP 6 million integration costs; strategic fit strengthened Defence capabilities.
Cash Generation and Capital Returns
Operating cash flow GBP 219 million with trading cash conversion 112%; average >100% cash conversion since 2019; recommended full-year dividend 4.5p (up 8%); announced GBP 75 million buyback (following a GBP 50 million H2 2025 buyback); ~GBP 650 million returned to shareholders since 2021.
Five-Year Financial Progress
Revenue CAGR ~5% and profit CAGR ~11% over five years; earnings per share doubled to 16.93p; GBP 1 billion of cash generated over five years; ROIC reported at 26%.
Operational Excellence and People Metrics
Contract retention >90%; safety incidents reduced 22% year-on-year; colleague engagement sustained at 70 points for third consecutive year; disciplined mobilization and productivity improvements recognized externally.
Improving UK & Europe Performance
UK & Europe revenue GBP 2.58 billion, up 6% (5% organic +1% acquisition); underlying operating profit GBP 149 million, flat; order intake GBP 3.7 billion with book-to-bill 145% and rebid win rate 97%.
APAC Margin Recovery Despite Revenues Decline
Asia Pacific revenue GBP 655 million, down 18% driven by immigration exit and Hong Kong disposal, but underlying operating profit GBP 24 million up 3% constant currency and margin improved to 3.7% (+~60 bps) via cost control and portfolio optimization.

Serco Group plc (GB:SRP) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

GB:SRP Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Jul 30, 2026
2026 (Q2)
- / -
0.096
Mar 05, 2026
2025 (Q4)
- / 0.06
0.078-26.92% (-0.02)
Aug 07, 2025
2025 (Q2)
0.09 / 0.10
0.08414.29% (+0.01)
Feb 27, 2025
2024 (Q4)
0.08 / 0.08
0.05834.48% (+0.02)
Aug 01, 2024
2024 (Q2)
0.08 / 0.08
0.094-10.64% (>-0.01)
Feb 29, 2024
2023 (Q4)
- / 0.06
0.0539.43% (<+0.01)
Aug 03, 2023
2023 (Q2)
- / 0.09
0.07722.08% (+0.02)
Feb 28, 2023
2022 (Q4)
- / 0.05
0.056-5.36% (>-0.01)
Aug 04, 2022
2022 (Q2)
- / 0.08
0.06813.24% (<+0.01)
Feb 24, 2022
2021 (Q4)
- / 0.06
0.0527.69% (<+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

GB:SRP Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Mar 05, 2026
303.60 p306.00 p+0.79%
Aug 07, 2025
208.03 p214.59 p+3.15%
Feb 27, 2025
155.08 p160.94 p+3.77%
Aug 01, 2024
185.36 p173.65 p-6.32%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Serco Group plc (GB:SRP) report earnings?
Serco Group plc (GB:SRP) is schdueled to report earning on Jul 30, 2026, TBA (Confirmed).
    What is Serco Group plc (GB:SRP) earnings time?
    Serco Group plc (GB:SRP) earnings time is at Jul 30, 2026, TBA (Confirmed).
      Where can I see when companies are reporting earnings?
      You can see which companies are reporting today on our designated earnings calendar.
        What companies are reporting earnings today?
        You can see a list of the companies which are reporting today on TipRanks earnings calendar.
          What is the P/E ratio of Serco Group plc stock?
          The P/E ratio of Serco Group plc is N/A.
            What is GB:SRP EPS forecast?
            Currently, no data Available