Mitie Q4 Revenue Beats Forecasts, FY26 Guidance

Mitie posted Q4 revenue of £1,525 million, 2% above forecasts, delivering 13% quarterly growth and FY26 revenue of £5,650 million.
FY26 revenue grew 6% organically, 11% reported, aided by 5% M&A contribution; new contracts and renewals total £6 billion versus £7.5 billion FY25.
Free cash flow rose 5% to £150 million, beating its £120 million target, and EBITA guidance of at least £260 million aligns with consensus.
Bid pipeline grew 29% YoY to £31 billion; integration of Marlowe yielded £5 million synergies and four acquisitions cost approximately £15 million.