Trading Statement
FOR RELEASE 7AM ON TUESDAY 30 JUNE 2026
Mears Group PLC
("Mears" or "the Group" or "the Company")
Strong momentum in Maintenance
Trading update
Mears Group PLC, the leading provider of services to the Housing sector in the UK, is pleased to confirm that the Group has continued to trade well.
During the first half, the Group secured new orders with Local Government of £1.5bn, and the Group is now in an intensive period of new contract mobilisation, which will continue throughout the second half.
In addition to the previously announced contract wins, the Group is pleased to announce a new contract award from Rooftop Housing Group for the provision of responsive repairs, void refurbishment, planned works and compliance services. The contract has an estimated value of £150m over 10 years and will see the Group deliver services to 7,000 units of housing stock in South Worcestershire and North Gloucestershire.
The Board expects to report results for the full year in line with market expectations1.
Notice of results
The Group will announce its interim results for the six months ended 30 June 2026 on Thursday 6 August 2026.
Note
1. Market expectations for FY26 are considered to be revenue and adjusted profit before tax of £1,038m and £50.7m respectively.
Lucas Critchley, Chief Executive Officer, said:
"Mears has continued to make strong progress against its key strategic objectives. The Group continues to deliver growth in its core maintenance activities, having performed strongly through an intensive period of contract rebids, complemented by strategically important new business wins with Birmingham City Council and Rooftop Housing Group. We are well advanced with the integration of the Pennington business, which is already proving to have been an excellent acquisition, accelerating the development of the Mears' Compliance offer, as well as strengthening the Mears provision for long-term, strategic, asset management contracts. We also remain well positioned to deliver additional housing services to Central Government."
For further information, contact:
Mears Group PLC
Tel: +44(0)1452 634 600
Lucas Critchley
Andrew Smith
Deutsche Numis
Tel: +44(0)207 260 1000
Julian Cater
Kevin Cruickshank
Panmure Liberum
Tel: +44(0)207 886 2500
Tom Scrivens
James Sinclair-Ford
About Mears
Mears is a leading provider of services to the Housing sector, providing a range of services to individuals within their homes. We manage and maintain around 450,000 homes across the UK and work predominantly with Central Government and Local Government, typically through long-term contracts. We equally consider the residents of the homes that we manage and maintain to be our customers, and we take pride in the high levels of customer satisfaction that we achieve.
Mears currently employs over 5,000 people and provides services in every region of the UK. In partnership with our Housing clients, we provide property management and maintenance services. Mears has extended its activities to provide broader housing solutions to solve the challenge posed by the lack of affordable housing and to provide accommodation and support for the most vulnerable.
We focus on long-term outcomes for people rather than short-term solutions and invest in innovations that have a positive impact on people's quality of life and on their communities' social, economic, and environmental wellbeing. Our innovative approaches and market leading positions are intended to create value for our customers and the people they serve while also driving sustainable financial returns for our providers of capital, especially our shareholders.
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