AGM Statement

Summary by AI BETAClose X

ZIGUP plc has announced a positive start to the financial year, upgrading its adjusted profit before tax expectations to the top end of the current market range, between £163.2 million and £170.0 million. This optimistic outlook is driven by strong recent performance in Spain and FMG, with average vehicles on hire over 5% ahead of the prior year and the Spanish fleet exceeding 80,000 vehicles. The company also plans to propose a final dividend of 18.2 pence per share, bringing the total ordinary dividend for the year to 27.0 pence per share. Leverage remains within the target range of 1-2x, supported by £1.8 billion in fleet assets.

Disclaimer*

ZIGUP PLC
29 September 2026
 

 

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THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE UK MARKET ABUSE REGULATION. UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

 

ZIGUP plc

("ZIGUP" or the "Group" or the "Company")

 

29 September 2026

 

AGM Statement

 

Positive start to the year, upgrading profit expectations to the top
of current market expectations.

 

ZIGUP plc (LSE:ZIG), the leading integrated mobility solutions platform providing services across the vehicle lifecycle, will hold its Annual General Meeting at 10.30 a.m. today at the offices of Bryan Cave Leighton Paisner LLP, Governor’s House, 5 Laurence Pountney Hill, London, EC4R 0BR.

 

At the meeting the following statement will be made:

‘The Group has performed well over the first four months of the financial year and as a result of recent strong performance in Spain and FMG in particular, we expect our adjusted PBT for the year to be at the top of the current range of market expectations of £163.2 - £170.0m.

As at the end of August, average VoH is more than 5% ahead of the prior year and the Spanish fleet is now in excess of 80,000 vehicles.  FMG volumes are strong, including benefitting from the recent re-awarding and expansion of the Motability contract by one of our largest insurance partners. Leverage is in line with our target range of 1-2x, and our balance sheet is supported by £1.8bn of fleet assets.

The Board remains confident of the Group’s long term growth strategy and prospects; following investment across our network we have increased scale in both geographies and the UK&I simplification actions are continuing at pace.’

Shareholder returns

Shareholders are being asked today to approve a final dividend of 18.2 pence per share, which will be paid on 30 September 2026, to those shareholders who were on the register at close of business on 28 August 2026. This dividend, if approved, will result in a total ordinary dividend payable in respect of the year ended 30 April 2026 of 27.0 pence per share.

 

Interim results

The Group’s next scheduled trading update will be its interim results for the six months ended 31 October 2026, expected on 2 December 2026.

 

This announcement contains inside information for the purposes of UK MAR. The person responsible for arranging the release of this announcement on behalf of ZIGUP plc is Matthew Barton, Company Secretary.

 

-Ends-

 

For further information contact: 

Ross Hawley, Head of Investor Relations    +44 (0) 1325 528769

 

Burson Buchanan  

Jamie Hooper/Toto Berger    +44 (0) 207 466 5000 

 

 

Notes to Editors:

About ZIGUP

ZIGUP is the leading integrated mobility solutions provider, with a platform providing services across the vehicle lifecycle to help people keep on the move, smarter. The Group offers mobility solutions to businesses, fleet operators, insurers, OEMs and other customers across a broad range of areas from vehicle rental and fleet management to accident management, vehicle repairs, service and maintenance. The mobility landscape is changing, becoming ever more connected and ZIGUP uses its knowledge and expertise to guide customers through the transformation, whether that is more digitally connected solutions or supporting the transition to lower carbon mobility through providing EVs and consultancy.

We are proud to be a King’s Award for Enterprise 2025 holder, recognised for our commitment to Promoting Opportunity and supporting social mobility. Awarded for our efforts to draw fresh young talent into our industry, we are dedicated to attracting and retaining the next generation of automotive technicians by offering accessible pathways for individuals from all backgrounds to succeed and thrive. The Group's core purpose is to keep its customers mobile, smarter - through meeting their regular mobility needs or by servicing and supporting them when unforeseen events occur. With our considerable scale and reach, ZIGUP’s mission is to offer an imaginative, market-leading customer proposition and drive enhanced returns for shareholders by creating value through sustainable compounding growth. The Group seeks to achieve this through the delivery of its strategic framework of Enable, Deliver and Grow.

ZIGUP supports its customers through a network and diversified fleet of over 139,000 owned and leased vehicles, supporting over 1 million managed vehicles, with over 180 branches across the UK, Ireland and Spain and a specialist team of over 7,600 employees.  We are a trusted partner to many of the leading insurance and leasing companies, blue chip corporates and a broad range of businesses across a diverse range of sectors. Our strength comes not only from the breadth of our award-winning solutions, but from our extensive network reach, our wealth of experience and continual focus on delivering an exceptional customer experience. Further information regarding ZIGUP plc can be found on the Company’s website: www.zigup.com

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