Aberdeen-headquartered FirstGroup drove its revenues to almost £650million between April and September this year.
In an update to investors this morning, the company reported underlying passenger revenue growth of 10% over the half-year as income in its bus division hit £513million.
The company operated 83million service miles over the period, three million more than the same time last year.
On its higher than expected revenues, the group reported an adjusted operating profit of £100.8milion.
Commenting, Chief Executive Officer Graham Sutherland said: “We have reported a robust set of results for the first half of our 2025 financial year and are on course to make further progress in the second half, reinforcing our strong track record for delivery.
"As a major bus and rail operator in the UK we have a critical role to play in supporting the country’s wider economic, social and environmental goals. We will continue to take a proactive approach, demonstrating our strengths as an experienced, trusted partner in public transport.”
Alongside today's results, the company has announced a £50million share buyback programme and a dividend payment of circa £10million to be paid on 31 December 2024 to shareholders on the register at 29 November 2024.
FTSE 100
The UK's flagship share index, the FTSE 100, was down six-points at 8,023 shortly after opening this morning.
Brent crude oil futures were up 0.36%, trading at $72.02 a barrel.
Companies reporting today
3i Group | Half Year Results |
Alfa Financial Software Holdings | Q3 Trading Statement |
Aviva | Q3 Trading Statement |
Burberry | Half Year Results |
B&M European Value Retail | Half Year Results |
FirstGroup | Half Year Results |
Great Portland Estates | Half Year Results |
Premier Foods | Half Year Results |
QinetiQ Group | Half Year Results |
Spirax Group | Q3 Trading Statement |
Syncona | Half Year Results |
United Utilities | Half Year Results |
Walt Disney | Q4 Results |
WH Smith | Full Year Results |