Q2 Trading Update

Summary by AI BETAClose X

Mobico Group PLC reported a 5.0% year-on-year revenue growth for Q2 2026, driven by an 8.0% increase in Alsa revenue, which benefited from strong demand and yield improvements in Long Haul, and increased passenger volumes in Regional and Urban services. German Rail revenue saw a significant 19.3% rise due to a return to full operations and stabilized contracts. WeDriveU revenue declined 11.8% following the exit of loss-making contracts, while UK Bus revenue decreased 1.8% ahead of its proposed sale. The company maintains its full-year guidance, focusing on margin expansion and cash generation.

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Mobico Group PLC
08 September 2026
 

Mobico Group PLC

Q2 2026 Trading Update

8 September 2026

 

Mobico Group PLC

 

Trading update for the three-months ending 30 June 2026 (Q2 2026)

 

Group revenue grew 5.0% YoY in Q2 2026, reflecting continued strong momentum in Alsa and the ongoing recovery in German Rail. Following the exit of loss-making contracts in WeDriveU and the proposed sale of UK Bus, the Group is moving forward with a simplified business focused on margin expansion, cash generation and select asset-light growth opportunities. Guidance for the year remains unchanged.

 

Alsa (including UK Coach)

 

Alsa revenue increased 8.0% YoY vs. Q2 2025 (13.7% excluding UK Coach).

Long Haul revenue increased 7.0%, driven by sustained demand and a 4.2% increase in yield.

 

Regional revenue increased 10.5%, driven by a 14.3% increase in passenger volumes across variable passenger demand contracts. Urban revenue increased 6.4% with passenger volumes up 10.8%.

 

International and diversified revenue increased 21.3%, with the reduction in operating footprint in Morocco at the end of 2025 more than offset by strong growth in other regions.

 

UK Coach revenue decreased 16.7%, reflecting reduced passenger numbers and yields, as well as the targeted reduction of unprofitable routes.

 

WeDriveU

 

WeDriveU revenue decreased 11.8% YoY, primarily reflecting the exit of loss-making contracts. While operational execution challenges impacted performance in Q2 2026, corrective action and improved controls have stabilised operations.

 

German Rail 

 

German Rail revenue increased 19.3% YoY, reflecting a return to full operations and business stabilisation following the signing of revised rail contracts.

 

UK Bus

 

UK Bus revenue decreased 1.8% YoY due to lower commercial patronage. On 18 August 2026, the Group announced an agreement in principle to sell the net assets and operations of UK Bus to the West Midlands Combined Authority with completion expected in November 2026. The transaction monetises the UK Bus assets and substantially de-risks the Group from the forthcoming uncertainty of franchising in the area over the coming years.

 

 

Enquiries

 

Mobico Group PLC

Investor Relations

ir@MobicoGroup.com

Headland

Matt Denham

+44 (0)7551 825 496

Henry Wallers

+44 (0)7876 562 436

Legal Entity Identifier: 213800A8IQEMY8PA5X34.

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