Declared Dividend • Aug 09
First half dividend increased to UK£0.016 Dividend of UK£0.016 is 10% higher than last year. Ex-date: 27th August 2026 Payment date: 2nd October 2026 Dividend yield will be 1.7%, which is lower than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (30% earnings payout ratio) and cash flows (11% cash payout ratio). The dividend has increased by an average of 26% per year over the past 5 years. However, payments have been volatile during that time. EPS is expected to grow by 27% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Duyuru • Aug 08
Serco Group plc to Report Fiscal Year 2027 Results on Mar 02, 2028 Serco Group plc announced that they will report fiscal year 2027 results on Mar 02, 2028 Reported Earnings • Aug 07
First half 2026 earnings released: EPS: UK£0.097 (vs UK£0.087 in 1H 2025) First half 2026 results: EPS: UK£0.097 (up from UK£0.087 in 1H 2025). Revenue: UK£2.51b (up 3.7% from 1H 2025). Net income: UK£96.0m (up 8.4% from 1H 2025). Profit margin: 3.8% (up from 3.7% in 1H 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Commercial Services industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Duyuru • Apr 24
Serco Group plc Approves Final Dividend Serco Group plc at its AGM held on April 22, 2026, approved to declare the Final Dividend of 3.05 pence per. Duyuru • Mar 18
Serco Group plc, Annual General Meeting, Apr 22, 2026 Serco Group plc, Annual General Meeting, Apr 22, 2026. Location: the offices of clifford chance llp, 10 upper bank street, e14 5jj, london United Kingdom Duyuru • Jan 07
Serco Group plc Announces Termination of John Frederick Rishton As Director, Effective December 31, 2025 Serco Group plc announced the termination of John Frederick Rishton As Director, Effective December 31, 2025. Duyuru • Sep 24
Serco Group plc Announces CEO Changes for North American Division Serco Group Plc announced the appointment of Michael LaRouche as Chief Executive Officer for the North American division, effective October 1, 2025. He will be succeeding Tom Watson. Prior to joining Serco, LaRouche was Business President at Science Applications International Corp. and also held leadership positions at Lockheed Martin and Raytheon Co. LaRouche carries over 30 years of experience with proven leadership to space/ground, air, land, sea, and cyber customers which are highly relevant to Serco's strategy and growth. He has also delivered systems, products, and services across US Defence and Federal/Civilian Agencies. Duyuru • Jul 31
Serco Group plc to Report First Half, 2026 Results on Aug 06, 2026 Serco Group plc announced that they will report first half, 2026 results on Aug 06, 2026 Duyuru • May 27
Serco Group plc Updates Earnings Guidance for the Year 2025 Serco Group plc updated earnings guidance for the year 2025. For the year, the company expects revenue of around £4.8 billon and Underlying operating profit of £260 million. Duyuru • Mar 21
Serco Group plc, Annual General Meeting, Apr 24, 2025 Serco Group plc, Annual General Meeting, Apr 24, 2025. Location: the offices of clifford chance llp, 10 upper bank street, e14 5jj, london United Kingdom Duyuru • Jan 13
Serco Group plc Announces CEO Changes Serco announced the retirement of Mark Irwin and the appointment of Anthony Kirby as Group Chief Executive designate. After 12 years with Serco, Mark Irwin has advised the Board of his intention to retire as Group Chief Executive. Mark will step down from his role on 28 February 2025 and will continue to serve as a strategic adviser through a transition period. Anthony Kirby, currently CEO of UK & Europe, the Group's largest division, will succeed Mark as Group Chief Executive from 1 March 2025. Duyuru • Dec 19
Serco Group plc Provides Earnings Guidance for the Year 2025 Serco Group plc provided earnings guidance for the year 2025. For the year, the company expects revenue of around £4.8 billon. Duyuru • Apr 27
Serco Group plc Approves Final Dividend Serco Group plc announced the results of its Annual General Meeting (AGM) held on 24 April 2024 approved The Final Dividend of 2.27 pence per share. Recent Insider Transactions • Apr 15
Group Chief Executive & Director recently sold UK£524k worth of stock On the 8th of April, Mark Irwin sold around 282k shares on-market at roughly UK£1.86 per share. This transaction amounted to 19% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Mark's only on-market trade for the last 12 months. Upcoming Dividend • Apr 11
Upcoming dividend of UK£0.023 per share Eligible shareholders must have bought the stock before 18 April 2024. Payment date: 10 May 2024. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of British dividend payers (6.0%). Lower than average of industry peers (2.1%). Reported Earnings • Mar 02
Full year 2023 earnings released: EPS: UK£0.18 (vs UK£0.13 in FY 2022) Full year 2023 results: EPS: UK£0.18 (up from UK£0.13 in FY 2022). Revenue: UK£4.87b (up 7.5% from FY 2022). Net income: UK£202.4m (up 30% from FY 2022). Profit margin: 4.2% (up from 3.4% in FY 2022). Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Commercial Services industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Duyuru • Mar 01
Serco Group plc (LSE:SRP) announces an Equity Buyback for £140 million worth of its shares. Serco Group plc (LSE:SRP) announces a share repurchase program. Under the program company will repurchase up to £140 million worth of its shares. The purpose of the program is to return surplus capital to shareholders and aid the Group in meeting its medium-term leverage targets. Any shares repurchased under the program will either be cancelled or held in treasury. The repurchase program will complete by December 31, 2024. Duyuru • Jan 12
Serco Group plc to Report Fiscal Year 2025 Results on Mar 05, 2026 Serco Group plc announced that they will report fiscal year 2025 results on Mar 05, 2026 Duyuru • Dec 14
Serco Group plc (LSE:SRP) agreed to acquire European Homecare Gesellschaft Mit BeschrÄNkter Haftung from Korte-Stiftung for €40 million. Serco Group plc (LSE:SRP) agreed to acquire European Homecare Gesellschaft Mit BeschrÄNkter Haftung from Korte-Stiftung for €40 million on December 14, 2023. Completion of the acquisition is subject to competition authority clearance. Duyuru • Dec 07
Serco Group plc Appoints Lynne Peacock as Non-Executive Director Serco Group plc notified that Lynne Peacock, Senior Independent Director, appointed as a Non-Executive Director and Deputy Chair of Royal London with effect from 5 December 2023. Duyuru • Oct 26
Serco Group plc Announces Appointment of Andrew Head as Chief Executive Officer Serco Group plc announced appointment of Andrew Head as Chief Executive Officer. Andrew is an experienced leader whose background aligns well with Serco, having worked in both the government and private sectors. Most recently he spent 20 years at Transurban. In that period, he oversaw several key businesses, led a number of acquisitions and finished his tenure with five years as WestConnex CEO, where his team successfully delivered Australia's road infrastructure project. Duyuru • Sep 16
Serco Group plc Announces Executive Changes Serco Group plc announced that Nickesha Graham-Burrell has been appointed as Group Company Secretary with effect from 15 September 2023. David Eveleigh has served as Group General Counsel and Company Secretary and will continue as Group General Counsel with responsibility for the Company Secretariat function alongside his other responsibilities. Upcoming Dividend • Aug 31
Upcoming dividend of UK£0.011 per share at 2.0% yield Eligible shareholders must have bought the stock before 07 September 2023. Payment date: 06 October 2023. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of British dividend payers (6.2%). Higher than average of industry peers (1.7%). New Risk • Aug 04
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 10% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 10% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results. Reported Earnings • Aug 03
First half 2023 earnings released: EPS: UK£0.13 (vs UK£0.075 in 1H 2022) First half 2023 results: EPS: UK£0.13 (up from UK£0.075 in 1H 2022). Revenue: UK£2.47b (up 14% from 1H 2022). Net income: UK£147.6m (up 62% from 1H 2022). Profit margin: 6.0% (up from 4.2% in 1H 2022). Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Commercial Services industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 4% per year. Duyuru • Jun 29
Serco Group plc Provides Revenue Guidance for the Year 2023 Serco Group plc provided revenue guidance for the year 2023. For the year, the company expects revenue of at least GBP 4.8 billion. Upcoming Dividend • May 04
Upcoming dividend of UK£0.019 per share at 1.9% yield Eligible shareholders must have bought the stock before 11 May 2023. Payment date: 09 June 2023. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of British dividend payers (5.8%). Higher than average of industry peers (1.5%). Reported Earnings • Mar 02
Full year 2022 earnings released: EPS: UK£0.13 (vs UK£0.25 in FY 2021) Full year 2022 results: EPS: UK£0.13 (down from UK£0.25 in FY 2021). Revenue: UK£4.53b (up 2.5% from FY 2021). Net income: UK£155.4m (down 49% from FY 2021). Profit margin: 3.4% (down from 6.9% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Commercial Services industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Board Change • Jan 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. CEO & Director Mark Irwin was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Duyuru • Dec 07
Serco Group plc to Report First Half, 2023 Results on Aug 03, 2023 Serco Group plc announced that they will report first half, 2023 results on Aug 03, 2023 Recent Insider Transactions • Nov 30
Group CEO & Executive Director recently sold UK£3.2m worth of stock On the 24th of November, Rupert Soames sold around 2m shares on-market at roughly UK£1.70 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Rupert has been a net seller over the last 12 months, reducing personal holdings by UK£6.3m. Recent Insider Transactions • Nov 16
Group CEO & Executive Director recently sold UK£3.1m worth of stock On the 7th of November, Rupert Soames sold around 2m shares on-market at roughly UK£1.62 per share. This transaction amounted to 29% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Rupert's only on-market trade for the last 12 months. Reported Earnings • Aug 05
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down UK£235.1m from profit in 1H 2021). Profit margin: (down from 11% in 1H 2021). The decrease in margin was driven by lower expenses. Over the next year, revenue is forecast to stay flat compared to a 13% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Jun 13
Group Chief Operating Officer recently sold UK£206k worth of stock On the 7th of June, Anthony Kirby sold around 115k shares on-market at roughly UK£1.79 per share. This was the largest sale by an insider in the last 3 months. This was Anthony's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment improved over the past week After last week's 17% share price gain to UK£1.79, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 21x in the Commercial Services industry in the United Kingdom. Total returns to shareholders of 42% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£1.45 per share. Upcoming Dividend • May 05
Upcoming dividend of UK£0.016 per share Eligible shareholders must have bought the stock before 12 May 2022. Payment date: 07 June 2022. Payout ratio is a comfortable 9.7% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of British dividend payers (4.6%). Higher than average of industry peers (1.9%). Reported Earnings • Mar 02
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: UK£0.25 (up from UK£0.11 in FY 2020). Revenue: UK£4.42b (up 14% from FY 2020). Net income: UK£303.9m (up 127% from FY 2020). Profit margin: 6.9% (up from 3.4% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is expected to shrink by 5.4% compared to a 8.6% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 06
First half 2021 earnings released: EPS UK£0.19 (vs UK£0.057 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: UK£2.17b (up 19% from 1H 2020). Net income: UK£235.1m (up 234% from 1H 2020). Profit margin: 11% (up from 3.9% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • May 06
Upcoming dividend of UK£0.014 per share Eligible shareholders must have bought the stock before 13 May 2021. Payment date: 04 June 2021. Trailing yield: 1.0%. Lower than top quartile of British dividend payers (4.1%). Lower than average of industry peers (1.6%). Executive Departure • May 04
Group CFO & Executive Director has left the company On the 21st of April, Angus Cockburn's tenure as Group CFO & Executive Director ended after 6.5 years in the role. As of December 2020, Angus personally held 1.90m shares (UK£2.3m worth at the time). A total of 3 executives have left over the last 12 months. Executive Departure • Apr 27
Independent Chairman of the Board Roy Gardner has left the company On the 21st of April, Roy Gardner's tenure as Independent Chairman of the Board ended after 5.9 years in the role. As of December 2020, Roy personally held 225.00k shares (UK£269k worth at the time). A total of 3 executives have left over the last 12 months. Executive Departure • Apr 24
Group CFO & Executive Director has left the company On the 22nd of April, Angus Cockburn's tenure as Group CFO & Executive Director ended after 6.5 years in the role. As of December 2020, Angus personally held 1.90m shares (UK£2.3m worth at the time). A total of 2 executives have left over the last 12 months. Reported Earnings • Feb 26
Full year 2020 earnings released: EPS UK£0.11 (vs UK£0.043 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: UK£3.88b (up 20% from FY 2019). Net income: UK£133.8m (up 166% from FY 2019). Profit margin: 3.4% (up from 1.6% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Analyst Estimate Surprise Post Earnings • Feb 26
Revenue misses expectations Revenue missed analyst estimates by 0.6%. Over the next year, revenue is forecast to grow 7.1%, compared to a 4.2% growth forecast for the Commercial Services industry in the United Kingdom. Is New 90 Day High Low • Feb 25
New 90-day high: UK£1.34 The company is up 14% from its price of UK£1.17 on 27 November 2020. The British market is up 7.0% 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£1.10 per share. 
