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EARNINGS: Mobico lifts outlook; Hostelworld ups payout but profit dips

29th Jul 2026 15:53

(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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Mobico Group PLC - Birmingham, England-based transportation company which owns National Express - Now expects adjusted operating profit in the range of GBP215 million to GBP230 million for the 2026 calendar year, its outlook raised from GBP195 million to GBP210 million previously. The new guidance comes as Mobico releases results for the 15 months to March 31, the end date of the period extended to allow its new auditor more time. In the 15 months period, Mobico's pretax loss widens to GBP89.2 million from GBP60.3 million. Revenue is up 4.0% to GBP3.36 billion from GBP3.23 billion and adjusted operating profit is up 18% to GBP231.0 million from GBP195.6 million. "Mobico has maintained its positive performance through the first quarter of 2026, driven by continued growth in Alsa and a resumption of full-service levels in Germany from the end of 2025," says Chief Executive Paco Iglesias. "Whilst challenges remain within our US and UK operations, we are actively addressing these," he adds. "Debt reduction remains the board's key priority; however, cash outflows associated with legacy liabilities continue to constrain our capacity to reduce net debt. We are working closely with our advisers to evaluate all our available strategic and financial options to accelerate leverage reduction, and expect to provide an update in the second half of the year."

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Hostelworld Group PLC - Dublin-based online travel agent focused on the hostel market - Pretax profit nearly halves to EUR1.2 million in the six months ended June 30 from EUR2.2 million the year prior. Revenue climbs 14% to EUR52.2 million from EUR46.7 million as do operating expenses to EUR50.8 million from EUR44.6 million. Current year also includes EUR300,000 finance costs versus nil the year before. Average transaction value increases 11% on year to EUR14.9 and net transactions edge up 1% to 3.8 million. The firm sees an around 3% negative impact to volume due to the conflict in the Middle East. The interim dividend is boosted to 0.83 euro cents from 0.82 euro cents a year ago. "Our full-year guidance currently assumes that the disruption from the conflict in the Middle East eases through the second half and that broader trading conditions stabilise. It also assumes a growing contribution from our growth initiatives as the year progresses. On that basis, we reiterate our full-year guidance, in line with market expectations," company says.

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AIQ Ltd - company focused on acquiring and developing e-commerce sector businesses - Pretax loss of GBP224,178 for the six months ended April 30 is little changed from GBP232,824 the year prior. Nil revenue is unchanged on-year. "While the group did not secure or deliver any revenue-generating projects during the period, it signed a number of Memoranda of Understanding to secure operational contracts in several data centres, contingent upon the customers procuring the requisite investment," it says. AIQ is "hopeful" that this will progress to the award of a contract, although the "tough business environment and complex geopolitical factors render it very difficult to forecast with any certainty." As a result, AIG continues to closely monitor the cash position and is keeping all its strategic options open. Cash at April 30 totals GBP57,000, up from GBP20,000 at October 31. Says it continues to have the support of its major shareholders.

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Nichols PLC - Merseyside, England-based soft drinks company behind Vimto - Pretax profit rises 32% to GBP15.0 million in the six months ended June 30 from GBP11.4 million the year prior. Revenue is up 4.7% on-year to GBP89.5 million from GBP85.5 million. Earnings per share increase 30% to 30.30 pence from 23.33p. The interim dividend is lifted 35% to 20.2p per share from 15.0p. UK packaged revenue increases 2.3% on-year, surpassed bu international growth of 13%. Africa sales jump 17% and Middle East grows 6.3% in line with management expectations. Gross margin remains "resilient" at 43.9% versus 44.1% a year back. Full year performance is expected to be in line with current market expectations for adjusted pretax profit of GBP35.1 million.

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Conduit Holdings Ltd - parent company of Bermuda-based reinsurer Conduit Re - Reports comprehensive income of USD80.3 million in the six months ended June 40, swung from USD13.5 million loss the year prior. Gross premiums written total USD789.0 million, down 1.8% from USD803.3 million on-year. The discounted combined ratio is 80.4 down on-year from 108.3, and the undiscounted combined ratio is 92.6, down from 122.1. The improvement is due to a more benign natural catastrophe environment, Conduit says, with losses related to the Middle East conflict events not material individually or in the aggregate. Tangible net assets per share are USD7.56 up from USD6.43 a year ago. The dividend is held at USD0.18. "Market conditions have softened but pricing remains broadly adequate," Conduit says in a statement. Rising market yields during the six months ended June 30 are expected to support increasing investment income during 2026.

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Franchise Brands PLC - Macclesfield, England-based owner of franchise brands including Pirtek in Europe, Filta, Metro Rod and Metro Plumb - Pretax profit increases 42% to GBP8.4 million in the six months ended June 30 from GBP5.9 million the year prior as revenue grows 7.4% to GBP75.6 million from GBP70.4 million. Reports record System sales across its three core business-to-business operations with the US the "standout" performer, and System sales growth in both the UK and Europe recovering. The interim dividend is lifted to 1.25 pence per share from 1.15p and the firm is confidence that full year performance will be in line with market expectations. Notes market expectations of adjusted Ebitda for 2026 are GBP35.9 million to GBP38.0 million.

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By Jeremy Cutler, Alliance News reporter

Comments and questions to [email protected]

Copyright 2026 Alliance News Ltd. All Rights Reserved.


Related Shares:

Mobico GroupHostelworldAiq LimitedNichols plcConduit HldgFranchise Brands
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