Multinational public tranport company Mobico Group (formerly National Express) has published its results for the six months ended 30 June 2025. Full year adjusted operating profit guidance remains unchanged, while revenue growth was supported by continuing positive passenger demand.
Phil White, Mobico Group Executive Chairman, said:
“Mobico has delivered a solid performance in the first half of 2025, with revenue growth supported by continuing positive passenger demand, further contract win momentum and another record performance at ALSA. Although our operating profit performance in the first half was mainly impacted by the under-performance of two contracts in WeDriveU, due to operational issues and a competitive trading environment in the UK, we remain confident of achieving our full year adjusted operating profit guidance of between £180m and £195m.
“In July we also successfully completed the sale of our North America School Bus business, which strengthens our liquidity and is an important first step in our continued focus on deleveraging. Our new management team has been focused on closely evaluating each of our business divisions, and we see significant opportunities to simplify and strengthen the Group and are taking decisive action to sharpen our operational and financial performance, including additional cost reduction plans and further leveraging ALSA’s best practice across the business.”
Two of the companies first half of 2025 highlights were:
▪ Group revenue1 growth of 7.0%
o Double digit growth to record revenue in both ALSA and WeDriveU, with continued contract win momentum and further improvement in ALSA’s customer satisfaction index
▪ Adjusted Operating Profit1 of £59.9m (H1 24 of £68.6m, both excluding North American School Bus)
o Temporary operational challenges in two WeDriveU contracts impacted HY performance
o Statutory Loss for the period including discontinued operations of £(254.7m), mainly due to £(238.0m) noncash impairment on classification of NA School Bus as Held for Sale.
(Pic: Mobico Group)
