Upcoming Dividend • Jul 09
Upcoming dividend of UK£0.031 per share Eligible shareholders must have bought the stock before 16 July 2026. Payment date: 27 August 2026. Payout ratio is a comfortable 68% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of British dividend payers (5.6%). Higher than average of industry peers (2.2%). Duyuru • Jun 05
Mitie Group plc, Annual General Meeting, Jul 21, 2026 Mitie Group plc, Annual General Meeting, Jul 21, 2026. Reported Earnings • Jun 04
Full year 2026 earnings released: EPS: UK£0.066 (vs UK£0.082 in FY 2025) Full year 2026 results: EPS: UK£0.066 (down from UK£0.082 in FY 2025). Revenue: UK£5.62b (up 11% from FY 2025). Net income: UK£82.6m (down 19% from FY 2025). Profit margin: 1.5% (down from 2.0% in FY 2025). Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Commercial Services industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Duyuru • Jun 04
Mitie Group plc Recommends Final Dividend for the Year Ended 31 March 2026, Payable on August 27, 2026 Mitie Group plc announced that its Board of Directors has recommended a final dividend of GBP 3.1 pence per share for the financial year 2026, subject to shareholder approval at the 2026 Annual General Meeting. The final dividend is scheduled to be paid on August 27, 2026. Including the interim dividend of 1.4 pence per share already paid, the total dividend for Fiscal Year 2026 amounts to 4.5 pence per share, representing a 5% increase compared to the prior year total dividend of 4.3 pence per share for Fiscal Year 2025. The total dividend reflects a payout ratio of 33%. Duyuru • Apr 18
Mitie Group plc Provides Earnings Guidance for the Fiscal 2026 Mitie Group plc provided earnings guidance for the fiscal 2026. For the period, the company expects group revenue of £5,650 million compared to group revenue was £5,083 million reported for the same period in 2025. Duyuru • Jan 15
Mitie Group plc Announces Termination of Roger Yates as Director, Effective December 31, 2025 Mitie Group plc announced the termination of the director appointment of Mr. Roger Yates. The effective date of termination is December 31, 2025. Duyuru • Oct 17
Mitie Appoints Sam White as Managing Director of Technical Services, Effective 1 December 2025 Mitie has appointed Sam White as its new Managing Director of Technical Services. Sam will assume his new role on 1 December 2025 and take a seat on Mitie's Group Executive. Sam brings over 25 years' experience in complex engineering and technical environments, including senior executive roles at Babcock International and BAE Systems. Sam's most recent role was Managing Director, Natural Resources, for Costain. Sam is a graduate of the Harvard Business School Advanced Management Programme, holds an MBA from the University of Strathclyde, and a BSc in Business from the University of Wales. He is also a qualified executive coach from Henley Business School and a passionate advocate for inclusion, diversity, and social mobility. Sam will oversee the Technical Services business which is the UK's largest provider of engineering assets to both the public and private sectors. Duyuru • Mar 19
Mitie Group plc Announces Board Changes Mitie Group plc announced the appointment of a new Chair-Elect. Christopher Rogers joins the Board with immediate effect and will take over as Chair from Derek Mapp at the AGM on 22 July 2025, when Derek will step down as Chair and leave the Board after 8 years of service. Chris is currently Chair of Wickes Group plc and Senior Independent Director at Kerry Group plc. He brings significant Board experience across a range of sectors having been also a Non-executive Director at Vivo Energy plc and Travis Perkins plc. In his executive career Chris was an Executive Director of Whitbread plc from 2005-2016 where he held the position of CFO from 2005-2012 and then Global Managing Director of Costa Coffee from 2012-2016. Prior to Whitbread Chris held senior commercial and finance roles at Kingfisher plc and Woolworths Group. Duyuru • Jan 23
Mitie Group plc Provides Revenue Guidance for the Fourth Quarter and Fiscal Year 2025 Mitie Group plc provided revenue guidance for the fourth quarter and fiscal year 2025. For the quarter, the company expects good revenue momentum to continue in Fourth Quarter (typically strongest quarter), albeit against a strong prior year comparative for projects work, and with a reduced contribution from 'surge response' security work and M&A.
As such, The company expects s Fourth Quarter revenue growth to moderate, resulting in low double-digit growth in FY25 comfortably ahead of the wider FM market and annual high single digit revenue growth target. Duyuru • Nov 21
Mitie Group plc Declares Interim Dividend, Payable on 4 February 2025 The Board of Mitie Group plc has declared an interim dividend of 1.3 pence per share, consistent with its approach of setting the interim dividend at one third of the prior year total dividend (FY24: 4.0 pence per share). The interim dividend will be paid on 4 February 2025 to all shareholders that are on the register at 20 December 2024. Shares in Mitie will be quoted ex-dividend on 19 December 2024 and the dividend reinvestment plan (DRIP) election date is 9 January 2025. Duyuru • Oct 25
Mitie Group plc (LSE:MTO) acquired Argus Fire for €38 million. Mitie Group plc (LSE:MTO) acquired Argus Fire for €38 million on October 24, 2024. The acquisition was funded from Mitie's existing facilities.
As of March 31, 2024, Argus fire has reported total revenues of £44.3 million and EBITDA of £3.8 million.
Emmet Keating of Headpoint Advisors Limited acted as financial advisor for Argus Fire.
Mitie Group plc (LSE:MTO) completed the acquisition of Argus Fire on October 24, 2024. Duyuru • Oct 15
Mitie Group plc Provides Revenue Guidance for the Second Quarter and Six Months Ended September 30, 2024 Mitie Group plc provided revenue guidance for the second quarter and six months ended September 30, 2024. For the six months, the company's revenue expected to increase by approximately 13% to approximately £2.4 billion (Half year of fiscal year 2024: £2.1 billion), including approximately 7% organic growth driven by new contract wins and scope increases, pricing and projects.
For the quarter, Second Quarter year on year revenue growth (approximately 16%) expected to exceed First Quarter (10.5%), as a result of good First Quarter wins and the provision of 'surge response' security services. Duyuru • Jul 17
Mitie Group plc (LSE:MTO) entered into an agreement to acquire Esm Power Limited for £8.5 million. Mitie Group plc (LSE:MTO) entered into an agreement to acquire Esm Power Limited for £8.5 million on July 17, 2024. The purchase price comprising an initial payment of £5.5 million and performance-linked deferred payments of up to £3 million over two years. The acquisition will be funded from Mitie's existing facilities.
In the 12 months ended 30 April 2024, ESM Power delivered total revenue of £25.5 million and EBITDA of £2.2 million.
The expected completion of the transaction is July 31, 2024. Duyuru • Jun 19
Mitie Group plc to Report First Half, 2025 Results on Nov 21, 2024 Mitie Group plc announced that they will report first half, 2025 results on Nov 21, 2024 Duyuru • Apr 17
Mitie Group plc (LSE:MTO) commences an Equity Buyback Plan for 135,558,827 shares, representing 9.93% of its issued share capital, under the authorization approved on July 25, 2023. Mitie Group plc (LSE:MTO) commences share repurchases on April 16, 2024, under the program mandated by the shareholders in the Annual General Meeting held on July 25, 2023. As per the mandate, the company is authorized to repurchase up to 135,558,827 shares, representing 9.93% of its issued share capital. The minimum price (exclusive of expenses) which may be paid for each ordinary share is £0.03 and the maximum price which may be paid for each ordinary share is the higher an amount equal to 105% of the average of the middle market quotations for an ordinary share as derived from the London Stock Exchange Daily Official List of the UK Listing Authority for the five business days immediately preceding the day on which the ordinary share is contracted to be purchased and an amount equal to the higher of the price of the last independent trade of an ordinary share and the current highest independent bid for an ordinary share as derived from the London Stock Exchange Trading System. The shares purchased may either be cancelled or held as treasury shares, which may then be cancelled, sold for cash, or used to meet the company’s obligations under its employee share schemes. The authority shall expire earlier of September 30, 2024 or at the conclusion of the next Annual General Meeting of the company. As of June 6, 2023, the company had 1,365,602,569 ordinary shares in issue and 10,014,298 ordinary shares in treasury.
On April 15, 2024, the company announced a share repurchase program. Under the program, the company will repurchase £50 million worth of its shares. The purpose of the program is to purchase shares for all employee incentive schemes, to eliminate the otherwise dilutive effect to shareholders of issuing new shares to fulfil the schemes. Ordinary Shares acquired in excess of this number will be cancelled.
On the same day, the company has entered into an agreement with Peel Hunt LLP ("Peel Hunt") in respect of the first £25 million (excluding expenses). The repurchases will be commencing on April 15, 2024, and ending no later than September 30, 2024. Duyuru • Feb 01
Mitie Group plc Appoints Penny James as Non-Executive Director Mitie Group plc announced the appointment of a new Non-Executive Director. Penny James will join the Board, the Audit and Nomination Committees with effect from 1 February 2024. Penny will also become Chair of the Audit Committee when the incumbent Chair (Mary Reilly) steps down from that position following completion of the Annual Report and Accounts of the Company for the year ended 31 March 2025. Penny brings extensive financial services experience with strong leadership skills, financial and risk expertise. Penny was Chief Executive Officer (and previously Chief Financial Officer) of Direct Line Insurance Group plc. Prior to this she held a number of roles including Group Chief Risk Officer and Director of Group Finance at Prudential plc, Group CFO at Omega Insurance Holdings Limited, and CFO of UK General Insurance, at Zurich Financial Services. Penny is currently serving as a Co-Chair of the FTSE Women Leaders Review, Non-Executive Interim Chair for Hargreaves Lansdown and Non-Executive Director of QBE Insurance Group Limited. Duyuru • Jan 25
Mitie Group plc Reiterates Earnings Guidance for 2024 Mitie Group plc reiterated earnings guidance for 2024. For the year, company expects operating profit of at least £190 million. Duyuru • Dec 07
Mitie Group plc to Report Fiscal Year 2024 Results on Jun 06, 2024 Mitie Group plc announced that they will report fiscal year 2024 results on Jun 06, 2024 Upcoming Dividend • Dec 07
Upcoming dividend of UK£0.01 per share at 3.2% yield Eligible shareholders must have bought the stock before 14 December 2023. Payment date: 31 January 2024. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of British dividend payers (6.0%). Higher than average of industry peers (2.1%). New Risk • Nov 25
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 23% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Duyuru • Nov 23
Mitie Group plc Declares an Interim Dividend for the Year Ending 31 March 2024, Payable on 31 January 2024 The board of Mitie Group plc has declared an interim dividend for the year ending 31 March 2024 of 1.0 pence per share (first half fiscal year 2023: 0.7 pence per share), consistent with its policy of setting the interim dividend at one third of the prior year total dividend (fiscal year 2023: 2.9 pence per share). The interim dividend will be paid on 31 January 2024 to all shareholders that are on the register at the close of business on 15 December 2023. Shares in Mitie will be quoted ex-dividend on 14 December 2023. Duyuru • Nov 04
Mitie Group plc (LSE:MTO) acquired Gbe Converge Group Ltd for £27 million. Mitie Group plc (LSE:MTO) acquired Gbe Converge Group Ltd for £27 million on November 2, 2023. The consideration comprising an initial payment of £20 million and deferred payments of up to £7 million over three years, linked to performance. The acquisition will be funded from Mitie's existing facilities. For the 12 months ended December 31, 2022, GBE's revenue was £36 million with EBITDA of £2.4 million.
Mitie Group plc (LSE:MTO) completed the acquisition of Gbe Converge Group Ltd on November 2, 2023. Duyuru • Sep 05
Mitie Group plc (LSE:MTO) acquired J C A Engineering Ltd for £31.5 million. Mitie Group plc (LSE:MTO) acquired J C A Engineering Ltd for £31.5 million on September 4, 2023. The total consideration will be paid in cash which includes £21 million initial payment and deferred payments of up to £10.5 million over three years, linked to performance. The total considetaion £31.5 million cash free, debt free basis with a normalised level of working capital. The acquisition includes £23 million of cash or cash equivalents, for which Mitie will pay an equivalent amount to receive. The acquisition will be funded from Mitie's existing facilities. J C A Engineering Ltd generated the revenue of £71.8 million and EBITDA of £5.1 million for the year ended December 31, 2022. Richard Mountain of FTI Consulting Management Limited acted as financial advisor to Mitie Group plc.
Mitie Group plc (LSE:MTO) completed the acquisition of J C A Engineering Ltd for £31.5 million on September 4, 2023. Recent Insider Transactions • Aug 10
CEO & Executive Director recently bought UK£258k worth of stock On the 7th of August, Phil Bentley bought around 254k shares on-market at roughly UK£1.02 per share. This transaction amounted to 2.2% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Phil's only on-market trade for the last 12 months. Upcoming Dividend • Jun 15
Upcoming dividend of UK£0.022 per share at 3.0% yield Eligible shareholders must have bought the stock before 22 June 2023. Payment date: 04 August 2023. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of British dividend payers (5.8%). Higher than average of industry peers (1.6%). New Risk • Jun 11
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 24% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Duyuru • Jun 09
Mitie Group plc Recommends Final Dividend for the Year Ended March 31, 2023, Payable on 4 August 2023 Mitie Group plc the Board is therefore recommending a final dividend of 2.2 pence per share which, when added to the dividend paid in respect of the first six months of the year, takes the total dividend for FY23 to 2.9 pence per share (FY22: 1.8 pence). This represents a payout ratio of 30% (FY22: 20% payout). The final dividend will be paid on 4 August 2023. Reported Earnings • Jun 08
Full year 2023 earnings released: EPS: UK£0.068 (vs UK£0.022 in FY 2022) Full year 2023 results: EPS: UK£0.068 (up from UK£0.022 in FY 2022). Revenue: UK£3.95b (up 1.1% from FY 2022). Net income: UK£91.1m (up 191% from FY 2022). Profit margin: 2.3% (up from 0.8% in FY 2022). Revenue is forecast to grow 4.6% p.a. on average during the next 2 years, compared to a 9.4% growth forecast for the Commercial Services industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Duyuru • Jan 27
Mitie Group plc Provides Earnings Guidance for the Fiscal Year 2023 Mitie Group plc provided earnings guidance for the fiscal year 2023. For the year, the company is on track to meet fiscal year 2023 guidance, with operating profit before other items expected to be at least £145 million. Duyuru • Jan 22
Mitie Group plc to Report Fiscal Year 2023 Results on Jun 08, 2023 Mitie Group plc announced that they will report fiscal year 2023 results on Jun 08, 2023 Reported Earnings • Nov 18
First half 2023 earnings released: EPS: UK£0.026 (vs UK£0.027 in 1H 2022) First half 2023 results: EPS: UK£0.026 (down from UK£0.027 in 1H 2022). Revenue: UK£1.87b (flat on 1H 2022). Net income: UK£35.3m (down 4.1% from 1H 2022). Profit margin: 1.9% (down from 2.0% in 1H 2022). Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Commercial Services industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Jun 16
Upcoming dividend of UK£0.014 per share Eligible shareholders must have bought the stock before 23 June 2022. Payment date: 05 August 2022. Payout ratio is on the higher end at 80%, however this is supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of British dividend payers (5.0%). Higher than average of industry peers (2.0%). Reported Earnings • Jun 10
Full year 2022 earnings released Full year 2022 results: Revenue: UK£3.90b (up 53% from FY 2021). Net income: UK£31.3m (up UK£41.4m from FY 2021). Profit margin: 0.8% (up from net loss in FY 2021). Over the next year, revenue is expected to shrink by 12% compared to a 15% growth forecast for the industry in the United Kingdom. Recent Insider Transactions • Mar 09
CEO & Executive Director recently bought UK£100k worth of stock On the 7th of March, Phil Bentley bought around 211k shares on-market at roughly UK£0.47 per share. This was the largest purchase by an insider in the last 3 months. Phil has been a buyer over the last 12 months, purchasing a net total of UK£142k worth in shares. Reported Earnings • Nov 20
First half 2022 earnings released: EPS UK£0.027 (vs UK£0.004 loss in 1H 2021) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2022 results: Revenue: UK£1.87b (up 99% from 1H 2021). Net income: UK£36.8m (up UK£40.1m from 1H 2021). Profit margin: 2.0% (up from net loss in 1H 2021). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Executive Departure • Jul 01
Executive Officer Andrew Peeler has left the company On the 30th of June, Andrew Peeler's tenure as Executive Officer ended after less than a year in the role. We don't have any record of a personal shareholding under Andrew's name. A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 3.96 years. Reported Earnings • Jun 12
Full year 2021 earnings released: UK£0.009 loss per share (vs UK£0.11 profit in FY 2020) The company reported a soft full year result with weaker earnings and weaker control over costs, although revenues improved. Full year 2021 results: Revenue: UK£2.56b (up 18% from FY 2020). Net loss: UK£10.1m (down 125% from profit in FY 2020). Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Executive Departure • Mar 06
Non-Executive Director has left the company On the 1st of March, Alan Lovell's tenure as Non-Executive Director ended after less than a year in the role. We don't have any record of a personal shareholding under Alan's name. Alan is the only executive to leave the company over the last 12 months. Is New 90 Day High Low • Mar 03
New 90-day high: UK£0.57 The company is up 42% from its price of UK£0.40 on 03 December 2020. The British market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£0.21 per share. Is New 90 Day High Low • Feb 06
New 90-day high: UK£0.53 The company is up 88% from its price of UK£0.28 on 06 November 2020. The British market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£0.21 per share. 
