Serco Group reported higher underlying operating profit and revenues for the first half of fiscal 2026 and maintained its positive outlook for the full year. Underlying operating profit is expected to be around 155 million pounds, up approximately 6 percent year-on-year, while revenue is projected at around 2.5 billion pounds, around 3 percent higher than 2025. The company also announced that Michael LaRouche, CEO of its North America division, intends to leave to take up a CEO role at an international business with a US listing, with a successor search well underway. Full-year guidance for underlying operating profit remains unchanged at around 300 million pounds, around 10 percent higher than last year's 272 million pounds, with revenue still projected at around 5 billion pounds and organic growth of around 3 percent.
Serco GroupUnderlying profit and revenue up, FY guidance reaffirmed