Mobico Group, the transport big behind National Express, has reported development in revenues to greater than £1.4bn but widening statutory losses because the listed firm pushes ahead with its cost reduction programme.
The Birmingham-based enterprise has reported revenues of £1.48bn for the 12 months to 31 December 2025, up from £1.32bn in 2024.
Adjusted pre-tax earnings rose from £103.7m to £122.3m. However, statutory losses widened from £46.2m to £58.5m.
Phil White, govt chairman, stated: “Mobico delivered additional development in 2025 and significant strategic progress, with Alsa reaching one other document 12 months of double-digit income development.
“This offset a difficult buying and selling surroundings within the UK and operational points with the WMATA contract in WeDriveU, for which decision plans are actually in progress.
“Adjusted operating profit increased 9 per cent to £198m, above recent guidance, largely due to strong end-of-year trading in Spain and commencement of the ‘Simplify for Success’ cost programme.”
Last 12 months the group outlined its cost reduction programme which incorporates the reducing of again-workplace jobs, targeting £100m run-fee by the tip of 2026.
“We continue to progress with our ‘Simplify, Strengthen, Succeed’ strategy to strengthen the business,” stated White. “Most notably, we introduced in January an settlement in precept had been reached with the German Rail PTAs which delivers a sustainable enterprise going forwards.
“UK Coach can be now largely built-in into Alsa, which is able to scale back overheads and realign the enterprise to a extra aggressive surroundings.
“Together with our other initiatives, we expect to deliver £100m of annualised cost savings for the group by the end of 2026. As a result of these efforts, we expect further growth and progress in 2026 with adjusted operating profit in the range of £195m-£210m.”
