Mears Group
MER · Main Market · Real Estate · mcap £321m · 409.0p
Financials · LTM to 30 Jun 26
Source: results 06 Aug 26 ↗
- Revenue
- £1.1bn
- Operating profit
- £73.2m
- Net income
- £52.9m
- Free cash flow
- £6.6m
- Net cash
- £70.5m
- Market cap
- £336m
- EV / EBIT
- 3.7×
- FCF yield
- +2.0%
- Price / book
- 1.6×
Latest half-year · H1 26 vs H1 25
results 06 Aug 26 ↗
- Revenue
- £560m +0%
- Operating profit
- £34.6m −5%
- Net income
- £30.4m +28%
- Cash from operations
- £64.1m −11%
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 06 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 | |
|---|---|---|---|
| Revenue | 1,136.0 | 1,135.5 | 1,132.5 |
| Gross profit | 269.4 | 265.8 | 253.3 |
| Adjusted EBITDA | – | 74.7 | 73.4 |
| EBITDA | 159.9 | 157.4 | 145.1 |
| Adjusted operating profit | – | 64.8 | 63.6 |
| Operating profit | 73.2 | 75.0 | 71.5 |
| Fair value gains / losses | – | 1.5 | 0.8 |
| Finance costs | (16.2) | (16.1) | (13.8) |
| Profit before tax | 69.4 | 63.5 | 64.1 |
| Tax | (16.7) | (17.5) | (17.2) |
| Net income (owners) | 52.9 | 46.2 | 46.5 |
| EPS basic | 64.2p | 55.7p | 50.3p |
| EPS diluted | 62.2p | 53.9p | 48.9p |
| Dividend per share | 18.1p | 17.5p | 16.0p |
| H1 26 | vs H1 25 | H2 25 | H1 25 | |
|---|---|---|---|---|
| Revenue | 560.0 | 0% | 576.1 | 559.4 |
| Gross profit | 133.4 | +3% | 136.0 | 129.8 |
| EBITDA | 77.3 | +3% | 82.6 | 74.8 |
| Operating profit | 34.6 | −5% | 38.6 | 36.4 |
| Finance costs | (7.4) | +2% | (8.8) | (7.3) |
| Profit before tax | 38.0 | +18% | 31.4 | 32.0 |
| Tax | (7.5) | −10% | (9.1) | (8.4) |
| Net income (owners) | 30.4 | +28% | 22.5 | 23.8 |
| EPS basic | 37.1p | – | 27.1p | 28.6p |
| EPS diluted | 36.0p | – | 26.2p | 27.7p |
| Dividend per share | 6.2p | – | 11.9p | 5.6p |
| LTM Jun 26 | FY 25 | FY 24 | |
|---|---|---|---|
| Cash from operations | 104.7 | 112.7 | 128.8 |
| Interest paid | (16.0) | (15.4) | (13.3) |
| Tax paid | (16.1) | (15.7) | (17.4) |
| Capex (PP&E) | (20.7) | (45.2) | (29.8) |
| Capex (intangibles) | (3.4) | (1.7) | (1.4) |
| Lease principal paid | (73.9) | (68.3) | (57.9) |
| Dividends paid | (13.9) | (13.9) | (12.9) |
| Share buybacks | (13.6) | (17.8) | (52.0) |
| Shares issued | 0.1 | 0.1 | 0.3 |
| H1 26 | vs H1 25 | H2 25 | H1 25 | |
|---|---|---|---|---|
| Cash from operations | 64.1 | −11% | 40.6 | 72.0 |
| Interest paid | (7.8) | +8% | (8.2) | (7.2) |
| Tax paid | (7.2) | +7% | (8.9) | (6.8) |
| Capex (PP&E) | (2.1) | −92% | (18.7) | (26.6) |
| Capex (intangibles) | (2.5) | +227% | (0.9) | (0.8) |
| Lease principal paid | (38.0) | +17% | (35.9) | (32.4) |
| Dividends paid | 0.0 | n/m | (13.9) | 0.0 |
| Share buybacks | (13.6) | −24% | 0.0 | (17.8) |
| Shares issued | 0.1 | n/m | 0.0 | 0.1 |
| Latest Jun 26 | FY 25 | FY 24 | |
|---|---|---|---|
| Goodwill | 118.2 | 118.2 | 121.9 |
| Other intangibles | 11.0 | 9.7 | 6.2 |
| Property, plant & equipment | 51.0 | 51.9 | 38.8 |
| Associates & JVs | – | 3.8 | 2.3 |
| Other investments | 3.9 | 3.8 | – |
| Inventories | 0.9 | 0.8 | 1.2 |
| Trade receivables | 168.7 | 155.0 | 133.2 |
| Cash | 70.5 | 48.5 | 91.4 |
| Current assets | 240.8 | 222.9 | 226.5 |
| Total assets | 747.2 | 740.1 | 701.3 |
| Trade payables | 201.3 | 185.0 | 192.3 |
| Lease liabilities, current | 73.5 | 80.7 | 66.9 |
| Current liabilities | 280.2 | 280.9 | 270.0 |
| Lease liabilities, non-current | 234.1 | 238.1 | 230.6 |
| Pension surplus / (deficit) | 26.6 | 24.1 | – |
| Total liabilities | 531.4 | 535.3 | 513.9 |
| Non-controlling interests | 3.1 | 3.1 | 3.4 |
| Total equity | 215.8 | 204.8 | 187.5 |
| Net cash / (debt) ex leases | – | 51.8 | 91.4 |
| Net cash / (debt) incl. leases | – | (266.9) | (206.1) |
| Order book | – | 4,000.0 | 2,900.0 |
| H1 26 | H2 25 | H1 25 | H2 24 | |
|---|---|---|---|---|
| Goodwill | 118.2 | 118.2 | 121.9 | 121.9 |
| Other intangibles | 11.0 | 9.7 | 5.9 | 6.2 |
| Property, plant & equipment | 51.0 | 51.9 | 61.8 | 38.8 |
| Associates & JVs | – | 3.8 | – | 2.3 |
| Other investments | 3.9 | 3.8 | 3.4 | – |
| Inventories | 0.9 | 0.8 | 1.5 | 1.2 |
| Trade receivables | 168.7 | 155.0 | 149.8 | 133.2 |
| Cash | 70.5 | 48.5 | 81.1 | 91.4 |
| Current assets | 240.8 | 222.9 | 232.9 | 226.5 |
| Total assets | 747.2 | 740.1 | 734.3 | 701.3 |
| Trade payables | 201.3 | 185.0 | 226.7 | 192.3 |
| Lease liabilities, current | 73.5 | 80.7 | 67.1 | 66.9 |
| Current liabilities | 280.2 | 280.9 | 300.6 | 270.0 |
| Lease liabilities, non-current | 234.1 | 238.1 | 232.8 | 230.6 |
| Pension surplus / (deficit) | 26.6 | 24.1 | 24.5 | – |
| Total liabilities | 531.4 | 535.3 | 546.6 | 513.9 |
| Non-controlling interests | 3.1 | 3.1 | 3.2 | 3.4 |
| Total equity | 215.8 | 204.8 | 187.7 | 187.5 |
| Net cash / (debt) ex leases | – | 51.8 | – | 91.4 |
| Net cash / (debt) incl. leases | – | (266.9) | – | (206.1) |
| Order book | – | 4,000.0 | – | 2,900.0 |
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.