REG - ZIGUP PLC - Pre-close Trading Update

ZIGUPAnnouncement

21/05/2026 07:00

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RNS Number : 1671F  ZIGUP PLC  21 May 2026

 
21 May 2026

 

ZIGUP PLC

("ZIGUP" or the "Group" or the "Company")

Pre-close Trading Update

 

FY2026 performance at top of market expectations,

Steady State Cashflow passed inflexion point

The FY2026 financial year has ended strongly, supported by VoH growth in both
Spain and UK&I, and good progress in Claims & Services. As a result,
we expect the Group's financial outturn for the year to be at the top of
market expectations*.

As previously noted, we are now well into the later stages of our fleet
replacement programme, with investment returning to more normalised levels. As
a result, Steady State Cash generation has inflected in FY2026, and we expect
an upward trajectory over the coming years.  Leverage was steady at 1.9x (H1
2026: 1.9x), in line with guidance.

We have made good progress with the UK&I simplification programme,
delivering early successes in supply chain improvements, alongside the launch
of our new Northgate Mobility brand.  At the same time, we have added
capacity across the Group - in fleet, infrastructure and technical
capabilities.

 

Martin Ward, CEO commented:

'Customers are clearly seeing significant value in our service-led offering,
and I am very pleased with the contributions from across our divisions this
year. Average VoH is up 4.9% for the year and we have secured a number of
valued contract wins and renewals, underpinning this good momentum; Steady
State Cash generation has stepped up materially and supports our ambition for
further growth'.

*Consensus range for FY2026 adjusted PBT of £154.5-159.3m.

FY2026 results will be released on 8 July 2026.

 

For further information contact:

 

Ross Hawley, Head of Investor
Relations
+44 (0) 1325 528769

 

Burson
Buchanan

Jamie Hooper/Toto Berger
 
+44 (0) 207 466 5000

 

Notes to Editors:

 

About ZIGUP

ZIGUP is the leading integrated mobility solutions provider, with a platform
providing services across the vehicle lifecycle to help people keep on the
move, smarter. The Group offers mobility solutions to businesses, fleet
operators, insurers, OEMs and other customers across a broad range of areas
from vehicle rental and fleet management to accident management, vehicle
repairs, service and maintenance.

The mobility landscape is changing, becoming ever more connected and ZIGUP
uses its knowledge and expertise to guide customers through the
transformation, whether that is more digitally connected solutions or
supporting the transition to lower carbon mobility through providing EVs and
fleet consultancy.

The Group's core purpose is to keep its customers mobile, smarter - through
meeting their regular mobility needs or by servicing and supporting them when
unforeseen events occur. With our considerable scale and reach, ZIGUP's
mission is to offer an imaginative, market-leading customer proposition and
drive enhanced returns for shareholders by creating value through sustainable
compounding growth. The Group seeks to achieve this through the delivery of
its strategic framework of Enable, Deliver and Grow.

ZIGUP supports its customers through a network and diversified fleet of over
135,000 owned and leased vehicles, supporting over 1 million managed vehicles,
with over 180 branches across the UK, Ireland and Spain and a specialist team
of over 7,500 employees. We are a trusted partner to many of the leading
insurance and leasing companies, blue chip corporates and a broad range of
businesses across a diverse range of sectors. Our strength comes not only from
our breadth of our award-winning solutions, but from our extensive network
reach, our wealth of experience and continual focus on delivering an
exceptional customer experience. Further information regarding ZIGUP plc can
be found on the Company's website: www.zigup.com (http://www.zigup.com)

 

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