Mobico Group (MCG) Q3 2025 TU earnings summary

Executive summary

• Group revenue year-to-date increased by 5.4% compared to the prior year, with full-year operating profit expected at the lower end of the $180–195 million (or £180m–£195m) guidance range.

• ALSA segment delivered 4.1% revenue growth, driven by strong regional, urban, and health transport contracts, and geographic diversification, including a major contract win in Saudi Arabia.

• UK Coach revenue declined by over 7% due to business exits and increased competition, while UK Bus revenue rose 2.9% despite lower commercial revenue and passenger numbers.

• Cost reduction initiatives are underway across divisions, with significant savings expected, and further opportunities being explored.

• The company is working to minimize losses on the WeDriveU WMATA contract, with losses reduced but expected to continue.

Financial highlights

• Group revenue up 5.4% year-to-date versus the prior year.

• ALSA revenue grew 4.1% year-over-year, despite a tough comparative period.

• UK Coach revenue declined by 7.4% due to business disposals and competition.

• UK Bus commercial revenue and passenger numbers declined by nearly 4%, but overall UK Bus revenue rose 2.9%.

• German Rail revenue increased 14.3% due to fewer penalties, though uncertainty remains over government funding for fixed-price tickets.

Outlook and guidance

• Full-year adjusted operating profit expected at the lower end of the $180–195 million or £180m–£195m range.

• Modest revenue growth anticipated for 2026.

• Guidance for WeDriveU and 2026 to be provided after year-end.