REG - XPS Pensions Group - Post-Close Trading Update

XPS PensionsAnnouncement

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RNS Number : 1870B  XPS Pensions Group PLC  21 April 2026

21 April 2026

 

XPS Pensions Group plc

("XPS" or the "Group")

 

Post-Close Trading Update

Double digit revenue growth +13 %

Another year of record results, in line with expectations

XPS Group, a leading Pensions and Insurance Consulting and Administration
business, is pleased to provide its post-close trading update (unaudited) in
respect of the year ended 31 March 2026 ahead of announcing full year results
on 18 June 2026.

Strong revenue growth coupled with ongoing disciplined cost management and
delivery of operating efficiencies means the Board is confident of achieving
full year results in line with expectations.

Summary

XPS has continued to perform strongly with revenues growing 13% and organic
growth of 7% being particularly pleasing given the very strong comparative
prior year performance. This builds on the Group's track-record of
double-digit revenue growth in recent years, with aggregate revenue growth of
more than 100% over the last five financial years.  Key highlights are:

 •    Very strong underlying performance, with Group revenues up 18% after adjusting
      for the McCloud remedy project in the prior year (organic growth of 12%)
 •    Good performance across all service lines, with new client wins in all areas
      and project wins in Risk Transfer, Insurance Consulting and Administration
 •    Core Advisory, including the expanding Insurance Consulting business, up 20%
      and accounting for 57% of Group revenue, continuing to benefit from a
      supportive pensions market backdrop of ongoing regulatory change
 •    Administration up 5%, accounting for 38% of Group revenue, despite significant
      revenues from the McCloud remedy project in the prior year
 •    SIP up 10%, delivering its fourth consecutive year of double-digit growth
 •    Revenues from insurers across all business units have tripled, and now
      represent 10% of Group revenues, supported by the Polaris acquisition in
      February 2025 and success in winning mandates to deploy broader XPS
      capabilities
 •    Ongoing regulatory change, including run-on for surplus extraction, continuing
      to underpin strong demand. Inflation linked contracts remain a structural
      benefit to the Group.

Paul Cuff, Co-CEO commented:

"We are very pleased with the full year performance of the Group, with another
period of excellent growth. Our strong organic performance has been
supplemented by the acquisition of Polaris, which is increasingly contributing
to group performance and supporting demand across the group.

"The pensions industry is undergoing a structural shift. Regulatory change and
the shift toward surplus management create opportunities for better member and
sponsor outcomes, and we are proud to lead through this transformation."

-Ends-

 For further information, contact:

 XPS Pensions Group
 Snehal Shah                        +44 (0)20 3978 8626 / investorrelations@xpsplc.com

 Chief Financial Officer

 Canaccord Genuity (Joint Broker)   +44 (0)20 7523 8000
 Adam James
 George Grainger
 Deutsche Bank (Joint Broker)        +44 (0)20 7260 1000
 Stuart Skinner
 Kevin Cruickshank
 Camarco (Media Enquiries)          +44 (0)20 3757 4980 / xps@camarco.co.uk
 Rosie Driscoll

 Geoffrey Pelham-Lane

 Phoebe Pugh

 

Notes to Editors:

 

XPS Pensions Group plc is a leading consulting and administration business
focused on UK pension schemes and insurers. XPS combines expertise, insight
and technology to address the needs of over 1,300 pension schemes and their
sponsoring employers on an ongoing and project basis, also providing advice
and administration to UK insurance companies. We undertake pensions
administration for c.1.2 million members and provide advisory services to
schemes and corporate sponsors in respect of schemes of all sizes, including
86 with assets over £1bn.

 

 

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