18th May 2026 10:25
(Alliance News) - Capita PLC on Monday announced adjusted revenue growth as it continues to expect low to mid-single digit revenue growth in Capita Public Service.
The London-based outsourcing and business services company, which held its annual general meeting on Monday, said adjusted revenue rose 2.9% on-year in the first four months of 2026, which it said was in line with expectations.
Capita Public Service, which is 81% of the company's revenue, grew 5.8% as revenue was boosted by increased volumes on contracts in Central Government and a one-off benefit from higher volumes on a contract in Northern Ireland.
The firm said total contract value won for Capita in the first four months of 2026 was over GBP750 million, up 20% on-year.
Looking ahead, Capita said it continues to expect a low to mid-single digit revenue climb in Capita Public Service and expects mid-teen revenue growth in its Pension Solutions business.
Chief Executive Officer Adolfo Hernandez said: "We are now planning to hold our investor update after the summer once the contact centre disposal has completed to ensure the separation is fully underway. We continue to make excellent progress against our other strategic objectives to deliver a better Capita, with innovation both internally and for clients, including the launch of Storefront, providing customers with access to the company's artificial intelligence, data and digital services via AWS Marketplace."
The company added it was making "good progress" on the sale of its private sector contact centre business.
Capita will publish half year results on August 4.
Separately, the company announced that Daniel Wosner has joined the company as a non-executive director. Wosner is managing director and head of Europe at Oasis Management Ltd, an investment firm that has a 15.2% interest in Capita's issued shares.
Capita shares rose 6.3% to 334.88 pence each on Monday morning in London.
By Tom Budszus, Alliance News slot editor
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