SERCO GROUP

Serco reported H1 2026 revenue of around £2.5bn (≈+3%) and an adjusted operating profit of about £155m (≈+6%). The operating margin improved to over 6%, at the upper end of the mid‑term target range. Management confirmed the full‑year guidance of around £5bn revenue, roughly 3% organic growth and an adjusted operating profit of about £300m; the order pipeline grew to £12.5bn. The shares rose sharply and are further supported by an ongoing share buyback programme. » More on de.investing.com

Serco has appointed Mark Reid as its new group chief financial officer; he will join the company on 9 February 2026 and officially take the board role on 6 March 2026. Reid joins from Proximus, where he served as group CFO and at times as interim CEO of the international division, bringing more than 20 years of international finance experience. Nigel Crossley, 62, will retire after 11 years with the company following the publication of the 2025 annual results. Reid’s pay package includes a base salary of £575,000, an annual bonus of up to 155% and an LTIP award of up to 175% of base salary. » More on de.investing.com

Serco subsidiary MT&S was selected as the sole contractor for a US Air Force program to provide modern simulator and training services. The contract runs for five years and has a maximum value of up to $972 million. For 2026, revenues of around $60 million are expected from task orders. » More on de.investing.com

At the annual general meeting on 24 April 2025 Serco shareholders approved all resolutions; the directors' remuneration report received 79.39% support, narrowly missing the 80% threshold recommended by the UK Corporate Governance Code. The vote particularly concerned the pay of Anthony Kirby, who became Group Chief Executive on 1 March 2025 and received a base salary 2.5% higher than his predecessor Mark Irwin; the company subsequently held consultations with shareholders. Serco said it will continue to take shareholder feedback into account and will set out clearer explanations in future remuneration reports. » More on de.investing.com

Serco has appointed Keith Williams as its next chairman. Williams will join as a non-executive director on August 1, 2025, and will take over as chairman from John Rishton on January 1, 2026. Williams brings extensive leadership experience from various UK companies. » More on de.investing.com