Overview

• Adjusted profit before tax rose 18% to £164.1 million in the year to March 2025.
• Bus division revenues climbed 6.8% to £1.08 billion, supported by the £90 million takeover of RATP Dev Transit London.
• The group extended its share buyback by £50 million and raised its dividend to 6.5p per share.
• Passenger numbers and capacity increased across bus and open access rail services, and FirstGroup secured track access rights for two new open access routes.
• CEO Graham Sutherland said the operator is well placed to sustain adjusted earnings per share as it targets around £15 million in cost savings in the first half of FY2026.