Mha (MHA) H2 2026 TU earnings summary

Executive summary

• Revenue grew 12% year-over-year to approximately £251m for FY26, meeting market expectations.

• Adjusted EBITDA rose 12% to about £46m, surpassing consensus estimates.

• Two strategic acquisitions expanded the international footprint into South East Europe and the Middle East.

• Net cash position improved to £24m at year-end.

• Continued progressive dividend policy with quarterly distributions.

Financial highlights

• Revenue: £251m for FY26, up from £224.2m in FY25.

• Adjusted EBITDA: £46m for FY26, up from £41.1m in FY25.

• Net cash: £24m at 31 March 2026, up from £17.7m in FY25.

Outlook and guidance

• Board confident in prospects for FY27 and medium-term goal of annual revenues exceeding £500m.

• Growth expected from organic expansion, acquisitions, and continued investment in technology, AI, and talent.