ZIGUP (ZIG) Trading update summary

Financial performance and outlook

• FY2026 ended strongly, with results expected at the top of market expectations for adjusted PBT (£154.5-159.3m).

• VoH growth in Spain and UK & I, plus progress in Claims & Services, drove performance.

• Steady State Cash generation passed an inflexion point, with an upward trajectory expected.

• Leverage remained steady at 1.9x, consistent with guidance.

Operational highlights

• Fleet replacement programme is in later stages, with investment returning to normal levels.

• UK & I simplification programme delivered early supply chain improvements.

• New Northgate Mobility brand launched, expanding service offering.

• Added capacity in fleet, infrastructure, and technical capabilities across the group.

Customer and market momentum

• Average VoH increased by 4.9% for the year.

• Secured several contract wins and renewals, supporting ongoing momentum.

• Over 135,000 owned and leased vehicles, supporting more than 1 million managed vehicles.

• Operates over 180 branches in the UK, Ireland, and Spain, with a team of 7,500+ employees.