)
FirstGroup (FGP) investor relations material
FirstGroup Trading update summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Trading performance
Bus and rail divisions are trading in line with expectations, supported by growth in business and coach operations and successful cost mitigation actions.
Recent acquisitions of J & B Coaches in Leeds and Hills Coaches in Wolverhampton have expanded the operational footprint and contract portfolio in key markets.
Lumo has launched extended services between Edinburgh and Glasgow, with new London Euston to Stirling service on track for July 2026.
London Overground contract mobilisation is progressing ahead of the May 2026 start date.
Financial guidance and risk management
Modest growth in adjusted earnings per share is anticipated for FY 2026.
Adjusted net debt at year-end FY 2026 is expected to be £135-145m, reflecting recent acquisitions and network optimisation.
Fuel and electricity hedging covers approximately 88% of FY 2027 fuel needs and 77% of electricity, with significant coverage for FY 2028 as well.
Strategic initiatives and outlook
Focus remains on executing a UK growth strategy, expanding open access rail services, and delivering on commitments for FY 2026.
Continued investment in operational and asset footprint to support positive earnings trajectory.
- Adjusted EPS up 44% and bus electrification accelerates, supporting strong growth outlook.FGP
H2 20241 Feb 2026 - Strong H1 2025 results, margin growth, buybacks, and positive outlook for FY 2025.FGP
H1 202514 Jan 2026 - £90m acquisition secures 12% London bus market share and targets electrification-led growth.FGP
M&A Announcement11 Jan 2026 - Adjusted revenue up 30% and EPS up 16%, driven by acquisitions and electrification investment.FGP
H1 202618 Nov 2025 - Adjusted revenue up 7%, EPS up 16%, and dividend up 18% with strong growth outlook.FGP
H2 202513 Nov 2025
Next FirstGroup earnings date
Next FirstGroup earnings date
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
Explore our global coverage
)
)