skip to main content
For our customers
Share price :
Search
Share price :
Main content

Five year Group financial summary

Consolidated income statement
(includes discontinued operations)
2025
£m
2024
£m
2023
£m
2022
£m
2021
£m
Group revenue 5,066.3 4,715.1 4,759.0 5,588.0 6,844.8
Operating profit before amortisation charges and other adjustments 222.2 202.4 154.4 226.8 220.4
Amortisation charges - - - (0.4) (4.1)
Other adjustments 5.3 (161.2) 30.8 579.7 69.5
Operating profit/(loss) 227.5 41.2 185.2 806.1 285.8
Finance costs (65.7) (82.4) (69.3) (153.5) (172.0)
Investment income 7.8 16.8 12.8 1.5 2.0
(Loss)/profit before tax 169.6 (24.4) 128.7 654.1 115.8
Tax (31.3) 15.0 (33.4) (12.1) (24.7)
(Loss)/profit for the year 138.3 (9.4) 95.3 642.0 91.1
EBITDA 779.8 746.8 755.8 862.1 1,178.9

Per share measures

pence

pence

pence

pence

pence

Adjusted continuing EPS1 19.4 16.7 11.6 1.6 (2.8)
Basic EPS 21.3 (2.4) 11.8 60.2 6.5
Dividend per share 6.5 5.5 3.8 1.1 -

Consolidated balance sheet

£m

£m

£m

£m

£m

Non-current assets 2,373.9 2,425.4 2,651.9 2,267.2 2,641.2
Net current (liabilities)/assets (562.8) (621.7) (253.9) (546.8) (876.8)
Non-current liabilities (984.6) (1,051.3) (1,530.9) (753.1) (2,817.7)
Held for sale - continuing operations - - 8.3 - -
Held for sale - discontinued operations - 0.6 0.6 38.5 2,342.9
Non-current provisions (114.0) (111.3) (125.2) (120.7) (135.5)
Net assets 712.5 641.7 750.8 885.1 1,154.1

Share data
Number of shares in issue

millions

millions

millions

millions

millions

At year end 750.7 750.7 750.6 750.2 1,221.8
Average (excluding treasury shares and shares in trusts) 597.7 662.9 739.5 1,057.5 1,203.6

Share price

pence

pence

pence

pence

pence

At year end 164 180 101 107 92
High 183 188 140 107 95
Low 133 102 94 73 31

Market capitalisation

2025
£m

2024
£m

2023
£m

2022
£m

2021
£m

At year end 959 1,154 803 1,124 610
Continuing operations 2025
£m
2024
£m
2023
£m
2022
£m
2021
£m
Revenue 5,066.3 4,751.1 4,755.0 4,591.1 4,318.8
Adjusted operating profit
222.8 204.3 161.0 106.7 112.2
Operating profit/(loss) 222.6 46.5 153.9 122.8 171.0
EBITDA
780.4 748.6 762.4 731.2 782.8
First Bus 2025
£m
2024
£m
2023
£m
2022
£m
2021
£m
Revenue 1,081.5 1,012.2 902.5 789.9 698.9
Adjusted operating profit
96.0 83.6 58.4 45.2 36.6
Operating profit/(loss) 96.0 (63.3) 51.4 45.2 30.8
EBITDA
160.1 148.1 120.9 104.4 100.8
First Rail 2025
£m
2024
£m
2023
£m
2022
£m
2021
£m
Revenue 4,013.1 3,738.4 3,893.2 3,801.2 3,619.9
Adjusted operating profit
148.8 143.3 124.8 87.8 108.1
Operating profit/(loss) 148.8 143.3 124.8 91.8 203.8
EBITDA
639.7 620.5 661.0 649.9 711.1

 

1 The Group has revised its definition of adjusted earnings during the year, to exclude also the impact of IFRS 16 depreciation and interest charges in relation to its rail management fee-based operations, given the Group takes no cost risk on these rolling stock leases. The 2023 comparatives only have also been updated for the revised definition. There has been no other change to the calculation, or to the Group’s policy regarding adjusting items.