SigmaRoc (SRC) Q3 2025 TU earnings summary

Executive summary

• Revenue for the nine months to 30 September 2025 rose 6% year-over-year to £775m.

• Underlying EBITDA increased 17% year-over-year to £192.9m, with margin improving to 24.9%.

• Board remains confident in meeting full year expectations, with EPS expected to be no less than 9.5p.

Financial highlights

• Revenue up 6% year-over-year to £775m for the period.

• Underlying EBITDA up 17% year-over-year to £192.9m.

• Underlying EBITDA margin improved by 230bps to 24.9%.

• Pro-forma revenues down 1% to £771m, but pro-forma EBITDA up 5% year-over-year.

Outlook and guidance

• Board expects full year EPS to be no less than 9.5p, above consensus of 9.2p.

• Full year revenue expected at £1,061m and underlying EBITDA at £250m per consensus.

• Little change expected in Q4, but midterm outlook is positive with anticipated demand recovery.