Mitie Group (MTO) AGM 2025 summary

Opening remarks and agenda

• Chairman opened the meeting, marking his final address and transition of leadership to Chris Rogers.

• Notice of meeting and resolutions was distributed to shareholders and made available online and in print.

Financial performance review

• Achieved double-digit revenue growth to GBP 5.1 billion and operating profit growth to GBP 234 million for FY25.

• Free cash flow reached GBP 143 million, supporting record shareholder returns and buybacks.

• Q1 FY26 sales revenue up 10% to GBP 1.2 billion, outpacing the market.

• Share price increased from 119p to over 140p, with a 21% shareholder return over 12 months.

Board and executive committee updates

• Chairman Derek Mapp stepped down after eight years, with Chris Rogers taking over.

• CEO and board thanked Derek Mapp for his leadership, highlighting company growth during his tenure.