Mitie Group Shares Climb on Double-Digit Growth and Record Pipeline

Shares in Mitie Group (LON: MTO) moved higher on Wednesday after the UK’s leading facilities management company delivered a strong set of full-year results for the 12 months to 31 March 2026, underlining continued momentum across its core businesses.

Revenue jumped 10.5% to £5.62 billion (FY25: £5.08bn), driven by 5.3% organic growth from new contract wins, scope increases, pricing improvements and project upsells, alongside a 5.2% contribution from acquisitions, most notably the £350 million purchase of Marlowe, which has strengthened Mitie’s position in Facilities Compliance.

Operating profit before other items rose 13% to £264 million, lifting the operating margin to 4.7% — an impressive result given headwinds from higher National Insurance Contributions and one-off costs. Second-half margins of 5.3% point to an encouraging underlying trajectory heading into FY27.

Perhaps most striking for investors was the record order book, which grew 6% to £16.3 billion, while the bidding pipeline surged 34% to £31.7 billion — with more than 70% expected to be awarded within 18 months. Free cash flow also improved to £162 million (FY25: £143m).

Shareholders will benefit from a 5% increase in the full-year dividend to 4.5p per share, while the board confirmed a £100 million share buyback programme for FY27, including the remaining ~£40 million of its existing programme.

Chief Executive Phil Bentley expressed confidence in delivering the FY25–FY27 Strategic Plan, citing ongoing margin expansion, a growing AI-driven technology programme, and a strengthening pipeline as key drivers of long-term value — before noting his intention to retire once a successor is identified.

MTO shares were trading up around 0.69% at 175.1p at the time of writing.