SSP Group (SSPG) investor relations material

Trading performance and sales trends

• Like-for-like sales grew 5% in Q1 FY26, maintaining positive momentum from the previous quarter.

• North America saw 4% sales growth, mainly from net gains and ongoing airport expansion.

• Continental Europe experienced 1% sales growth, with rail business under review due to weak consumer sentiment.

• UK & Ireland achieved 8% sales growth, supported by strong performance in Air and M&S outlets.

• APAC and EEME regions posted 17% sales growth, driven by normalized air capacity in India and strong gains in Australia.

Financial outlook and guidance

• Full-year FY26 guidance remains unchanged, with expectations for continued revenue momentum.

• EPS is targeted towards the upper end of 12.9p–13.9p, excluding share buyback benefits.

• Free cash flow (pre-dividend) is expected to exceed £100m.

• ROCE is progressing towards a medium-term target of 20%.

• £24m of a planned £100m share buyback has been completed since October 2025.

Operational initiatives and strategic focus

• 'Focus 26' operational plan is underway, aiming for sustained improvements in profitability, cash, and returns.

• A full update on operational progress will be provided at the H1 results.

• Strengthened customer proposition and refresh programs are supporting growth, especially in the UK & Ireland.