Capita secures five-year extension to TfL Road User Charging contracts
Capita announces that it has secured a five-year extension for its two Transport for London (TfL) Road User Charging contracts.
Read moreAdolfo Hernandez, Chief Executive Officer, said:
"We have made demonstrable progress in the first half of the year as we continue to transform Capita into an AI-enabled business services partner. We have strengthened our operational platform and simplified the Group significantly through the disposal of our private sector contact centre business which will allow us to focus our efforts in structurally growing and resilient markets.
We secured almost £1 billion of contract wins, while continuing to invest in our people and AI capabilities. The progress we have made across our strategic priorities gives us confidence that we are building a stronger, more focused business for the future.
While the operational challenges on the Civil Service Pension Scheme remain our immediate priority, we are confident that we have the right processes, technology and leadership in place to achieve service levels and deliver for members.
Looking ahead, our focus is on maintaining our momentum by accelerating the adoption of AI across our operations, delivering further efficiencies, converting our strong pipeline into sustainable growth and continuing to strengthen cash generation."
| Financial highlights - continuing operations | 30 June 2026 | 30 June 20252 | YoY change |
|---|---|---|---|
| Revenue | £948.3m | £960.5m | (1.3)% |
| Adjusted revenue1 | £906.4m | £892.2m | 1.6% |
| Operating profit | £25.9m | £18.4m | 40.8% |
| Operating margin1 | 2.7% | 1.9% | 80bps |
| Adjusted operating profit1 | £32.2m | £47.1m | (31.6)% |
| Adjusted operating margin1 | 3.6% | 5.3% | (170)bps |
| EBITDA1 | £56.7m | £49.3m | 15.0% |
| Adjusted EBITDA1 | £59.5m | £73.9m | (19.5)% |
| Profit before tax | £4.1m | £1.7m | 141.2% |
| Adjusted profit before tax1 | £12.5m | £29.1m | (57.0)% |
| Basic (loss)/earnings per share | (3.60)p | (13.59)p | (73.5)% |
| Adjusted basic/(loss) earnings per share1 | 13.38p | (6.09)p | n/a |
| Operating cash flow1 | £35.5m | £67.7m | (47.6)% |
| Operating cash flow excluding business exits1 | £56.9m | £82.9m | (31.4)% |
| Adjusted operating cash conversion1 | 95.6% | 112.2% | (16.6)% |
| Free cash flow1 | £(23.6)m | £1.1m | n/a |
| Free cash flow excluding business exits1 | £3.5m | £25.2m | (86.1)% |
| Net debt1 | £(499.7)m | £(412.2)m | £(87.5)m |
| Net financial debt (pre-IFRS 16)1 | £(200.4)m | £(87.0)m | £(113.4)m |
1 Definitions and calculations of non-IFRS measures (alternative performance measures) can be found in the Appendix.
2 2025 comparatives have been re-presented from those previously published to reflect the private sector contact centre business as a discontinued operation.
Investor presentation
A presentation for institutional investors and analysts hosted by Adolfo Hernandez, CEO and Pablo Andres, CFO, will be held at 09:00am BST, Tuesday 4 August 2026. This will be held in the Novotel, 3 Kingdom Street, Paddington London W2 6BD. A live webcast will also be available (www.capita.com/investors) and will subsequently be available on demand. The presentation slides will be published on our website at 07:00am and a full transcript will be available the next working day.
Webcast link:
For further information:
| Helen Parris, Director of Investor Relations | IRteam@capita.co.uk |
| Stephanie Little, Head of Investor Relations | IRteam@capita.co.uk |
| Capita press office | T +44 (0) 2076 542 399 / media@capita.co.uk |
Capita announces that it has secured a five-year extension for its two Transport for London (TfL) Road User Charging contracts.
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