Intertek Group (ITRK) Q3 2026 TU earnings summary

Executive summary

• Q3 revenue grew 7.0% at constant currency; YTD revenue reached £2.7bn, up 6.4% at constant currency, supported by broad-based divisional growth.

• Strong year-to-September trading supports expectations for a strong 2026, including continuous margin progression, strong earnings growth and strong free cash flow.

Financial highlights

• YTD revenue was £2,713.1m, up 6.4% at constant currency; YTD like-for-like (LFL) revenue rose 5.4%.

• Q3 revenue was £941.8m, up 7.0% at constant currency; Q3 LFL revenue was £929.7m, up 6.4%.

• Strong margin progression was driven by divisional mix, pricing, operating leverage, cost controls and productivity improvements.

Outlook and guidance

• FY26 guidance: mid-single-digit LFL revenue growth at constant currency, continuous margin progression, strong earnings growth and strong free cash flow.

• 2026 divisional LFL outlook: mid-single digit Consumer Products, Health and Safety, and Industry and Infrastructure; high-single digit Corporate Assurance; stable World of Energy.

• FY26 net finance costs £69–70m; effective tax rate 25.5–26.5%; minority interests £20–21m.

• FY26 financial net debt expected at £800–850m, before material FX or M&A movements; currency assumptions imply broadly neutral revenue impact and +50bps operating profit benefit.