Capita
CPI · Main Market · Industrial Goods and Services · mcap £255m · 235.0p
Capita runs outsourced administration, customer service and technology contracts, mainly for UK government and large companies. It handles pensions, training, IT and contact centres.
Financials · LTM to 30 Jun 26
Source: results 04 Aug 26 ↗
- Revenue
- £2.3bn
- Operating profit
- −£122m
- Net income
- −£201m
- Free cash flow
- −£108m
- Net debt
- £58.3m
- Market cap
- £284m
- EV / EBIT
- –
- FCF yield
- −38.0%
- Price / book
- 50.7×
Latest half-year · H1 26 vs H1 25
results 04 Aug 26 ↗
- Revenue
- £948m −1%
- Operating profit
- £25.9m +41%
- Net income
- −£44.5m prior −£7.5m
- Cash from operations
- −£10.8m prior £8.1m
Extracted automatically from the company's results announcements; check the source before relying on a figure. Not investment advice.
Latest report: H1 26 (six months to 30 Jun 26), published 04 Aug 26 · read the results ↗
£m unless stated · newest first · italic = calculated (LTM, H2 = FY − H1) · hover a value for its source
| LTM Jun 26 | FY 25 | FY 24 | FY 23 | FY 22 | |
|---|---|---|---|---|---|
| Revenue | 2,300.1 | 2,312.3 | 2,421.6 | 2,814.6 | 3,014.6 |
| Gross profit | 456.5 | 468.0 | 516.5 | 592.1 | 716.0 |
| Adjusted EBITDA | 173.6 | 188.0 | 169.0 | 214.6 | 204.4 |
| EBITDA | 29.5 | 22.1 | 166.2 | 144.5 | 235.7 |
| Adjusted operating profit | 98.6 | 113.5 | 84.6 | 90.9 | 78.0 |
| Operating profit | (122.1) | (129.6) | (9.9) | (52.0) | (79.6) |
| Finance costs | (53.5) | (51.7) | (56.3) | (60.9) | (31.7) |
| Profit before tax | (168.5) | (170.9) | 116.6 | (106.6) | 61.4 |
| Tax | 13.0 | 5.3 | (36.2) | (74.0) | 14.6 |
| Net income (owners) | (201.1) | (164.1) | 76.7 | (178.1) | 74.8 |
| EPS basic | (134.1p) | (144.1p) | 68.1p | (10.6p) | 4.5p |
| EPS diluted | (134.1p) | (144.1p) | 66.1p | (10.6p) | 4.4p |
| H1 26 | vs H1 25 | H2 25 | H1 25 | H2 24 | H1 24 | H2 23 | |
|---|---|---|---|---|---|---|---|
| Revenue | 948.3 | −1% | 1,351.8 | 960.5 | 1,184.3 | 1,237.3 | 1,337.6 |
| Gross profit | 174.3 | −6% | 282.2 | 185.8 | 252.4 | 264.1 | 253.5 |
| Adjusted EBITDA | 59.5 | −19% | 114.1 | 73.9 | – | – | – |
| EBITDA | 56.7 | +15% | (27.2) | 49.3 | 64.5 | 101.7 | 58.9 |
| Adjusted operating profit | 32.2 | −32% | 66.4 | 47.1 | 30.1 | 54.5 | 50.0 |
| Operating profit | 25.9 | +41% | (148.0) | 18.4 | (53.8) | 43.9 | (16.2) |
| Share-based payments | 2.1 | – | – | – | – | – | – |
| Finance costs | (26.1) | +7% | (27.4) | (24.3) | (28.0) | (28.3) | – |
| Profit before tax | 4.1 | +141% | (172.6) | 1.7 | 56.6 | 60.0 | (38.7) |
| Tax | (9.3) | −45% | 22.3 | (17.0) | (29.1) | (7.1) | (57.2) |
| Net income (owners) | (44.5) | n/m | (156.6) | (7.5) | 23.7 | 53.0 | (93.7) |
| Discontinued operations | (40.1) | n/m | – | 7.9 | – | – | – |
| EPS basic | (3.6p) | – | (130.5p) | (13.6p) | 21.0p | 47.1p | (5.5p) |
| EPS diluted | (3.6p) | – | (130.5p) | (13.6p) | 20.1p | 46.0p | (5.5p) |
| LTM Jun 26 | FY 25 | FY 24 | FY 23 | FY 22 | |
|---|---|---|---|---|---|
| Cash from operations | (14.2) | 4.7 | (25.2) | (40.3) | 71.9 |
| Interest paid | (48.0) | (48.0) | (50.3) | (47.7) | (43.0) |
| Tax paid | (6.1) | (5.7) | (4.0) | (7.5) | (7.9) |
| Capex (PP&E) | (10.3) | (9.5) | (16.6) | (28.8) | (20.6) |
| Capex (intangibles) | (41.5) | (38.2) | (33.5) | (32.8) | (27.3) |
| Lease principal paid | (41.9) | (44.7) | (53.6) | (59.1) | (61.8) |
| Share buybacks | (0.9) | (0.8) | (0.6) | 0.0 | – |
| H1 26 | vs H1 25 | H2 25 | H1 25 | H2 24 | H1 24 | H2 23 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | (10.8) | n/m | (3.4) | 8.1 | (29.2) | 4.0 | (12.9) |
| Interest paid | (24.1) | 0% | (23.9) | (24.1) | (24.0) | (26.3) | (26.1) |
| Tax paid | (3.6) | +12% | (2.5) | (3.2) | (2.1) | (1.9) | (4.3) |
| Capex (PP&E) | (4.1) | +24% | (6.2) | (3.3) | (9.4) | (7.2) | (13.8) |
| Capex (intangibles) | (16.2) | +26% | (25.3) | (12.9) | (19.2) | (14.3) | (18.4) |
| Lease principal paid | (22.9) | −11% | (19.0) | (25.7) | (23.7) | (29.9) | (28.0) |
| Share buybacks | (0.5) | +25% | (0.4) | (0.4) | – | – | – |
| Latest Jun 26 | FY 25 | FY 24 | FY 23 | FY 22 | |
|---|---|---|---|---|---|
| Goodwill | 300.1 | 300.1 | 372.4 | 495.7 | 605.9 |
| Other intangibles | 82.5 | 97.6 | 79.8 | 90.0 | 106.0 |
| Property, plant & equipment | 48.1 | 57.5 | 68.5 | 80.0 | 101.1 |
| Associates & JVs | – | – | 0.0 | 0.2 | 0.2 |
| Trade receivables | 331.1 | 350.2 | 335.3 | 350.7 | 430.4 |
| Cash | 266.4 | 264.1 | 253.6 | 155.4 | 396.8 |
| Current assets | 685.7 | 624.6 | 616.6 | 583.9 | 860.7 |
| Total assets | 1,756.5 | 1,743.5 | 1,839.0 | 1,997.8 | 2,552.6 |
| Trade payables | 345.7 | 405.7 | 353.2 | 425.9 | 492.5 |
| Borrowings, current | 210.8 | 119.5 | 88.2 | 10.8 | 219.6 |
| Lease liabilities, current | 31.0 | 39.5 | 42.9 | 51.1 | 55.6 |
| Current liabilities | 1,293.1 | 1,151.5 | 1,067.2 | 1,196.7 | 1,513.1 |
| Borrowings, non-current | 113.9 | 159.8 | 183.2 | 267.5 | – |
| Lease liabilities, non-current | 253.1 | 278.7 | 305.8 | 312.3 | 341.9 |
| Total liabilities | 1,750.9 | 1,701.7 | 1,643.3 | 1,882.9 | 2,199.9 |
| Non-controlling interests | (6.4) | (5.6) | (4.2) | 1.9 | 22.5 |
| Total equity | 5.6 | 41.8 | 195.7 | 114.9 | 352.7 |
| Net cash / (debt) ex leases | – | (143.4) | (66.5) | (182.1) | (84.9) |
| Net cash / (debt) incl. leases | (499.7) | (461.6) | (415.2) | (545.5) | (482.4) |
| Undrawn facilities | 278.0 | 250.0 | – | – | – |
| Order book | 4,010.9 | 3,765.3 | 4,240.7 | 5,883.0 | – |
| H1 26 | H2 25 | H1 25 | H2 24 | H1 24 | H2 23 | |
|---|---|---|---|---|---|---|
| Goodwill | 300.1 | 300.1 | 373.3 | 372.4 | 448.1 | 495.7 |
| Other intangibles | 82.5 | 97.6 | 83.3 | 79.8 | 72.2 | 90.0 |
| Property, plant & equipment | 48.1 | 57.5 | 60.9 | 68.5 | 72.7 | 80.0 |
| Associates & JVs | – | – | – | 0.0 | 0.2 | 0.2 |
| Trade receivables | 331.1 | 350.2 | 407.8 | 335.3 | 386.8 | 350.7 |
| Cash | 266.4 | 264.1 | 334.1 | 253.6 | 148.7 | 155.4 |
| Current assets | 685.7 | 624.6 | 754.2 | 616.6 | 661.6 | 583.9 |
| Total assets | 1,756.5 | 1,743.5 | 1,941.2 | 1,839.0 | 2,007.8 | 1,997.8 |
| Trade payables | 345.7 | 405.7 | 362.2 | 353.2 | 395.6 | 425.9 |
| Borrowings, current | 210.8 | 119.5 | – | 88.2 | – | 10.8 |
| Lease liabilities, current | 31.0 | 39.5 | 38.4 | 42.9 | 45.8 | 51.1 |
| Current liabilities | 1,293.1 | 1,151.5 | 1,128.7 | 1,067.2 | 1,245.3 | 1,196.7 |
| Borrowings, non-current | 113.9 | 159.8 | – | 183.2 | – | 267.5 |
| Lease liabilities, non-current | 253.1 | 278.7 | 286.8 | 305.8 | 309.7 | 312.3 |
| Total liabilities | 1,750.9 | 1,701.7 | 1,763.0 | 1,643.3 | 1,837.4 | 1,882.9 |
| Non-controlling interests | (6.4) | (5.6) | (4.1) | (4.2) | (7.3) | 1.9 |
| Total equity | 5.6 | 41.8 | 178.2 | 195.7 | 170.4 | 114.9 |
| Net cash / (debt) ex leases | – | (143.4) | – | (66.5) | (166.4) | (182.1) |
| Net cash / (debt) incl. leases | (499.7) | (461.6) | (412.2) | (415.2) | (521.9) | (545.5) |
| Undrawn facilities | 278.0 | 250.0 | 250.0 | – | 250.0 | – |
| Order book | 4,010.9 | 3,765.3 | 2,768.6 | 4,240.7 | 4,929.4 | 5,883.0 |
Line items extracted automatically from each results announcement; when a later report restates a period, the later figure is shown. LTM and H2 are calculated from reported periods. Check the source before relying on a figure.
Company filings. Not investment advice.