Mears Group (MER) Trading update summary

Trading performance and contract wins

• Secured £1.5bn in new orders with Local Government during the first half of the year.

• Announced a new £150m, 10-year contract with Rooftop Housing Group for services to 7,000 housing units.

• Continued strong growth in core maintenance activities, supported by major contract wins.

• Integration of the Pennington business is progressing well, enhancing compliance and asset management offerings.

Financial outlook and expectations

• Full-year results are expected to be in line with market expectations: revenue of £1,038m and adjusted profit before tax of £50.7m.

• Interim results for the six months ended 30 June 2026 will be announced on 6 August 2026.

Strategic positioning and operational focus

• Positioned to deliver additional housing services to Central Government.

• Focus on long-term outcomes and innovations that improve quality of life and community wellbeing.

• Maintains high customer satisfaction and manages around 450,000 homes across the UK.

• Employs over 5,000 people and operates in every UK region.