ProService Building Services Marketplace (PRO) H2 2026 TU earnings summary

Executive summary

• Delivered resilient revenue performance despite challenging UK construction sector conditions.

• Transformation programme advanced, including a key supply agreement with Speedy Hire.

• Platform continues to attract new buyers and build a strong pipeline.

Financial highlights

• Revenue from continuing operations expected at £248m for FY26, below consensus of £260m.

• Adjusted EBITDA for FY26 expected to be at breakeven, in line with market expectations.

• Net debt as of 31 March 2026 was £27.2m (pre-IFRS16), with total bank debt of £40.9m.

Outlook and guidance

• FY27 underlying EBITDA expected between £9m and £12m, reflecting a prudent approach amid macroeconomic uncertainty.

• Market consensus for FY27 is revenues of £375.8m and underlying EBITDA of £19.6m.

• Board remains confident that the Speedy Hire agreement will be earnings-accretive in FY27.