IN BRIEF: Zigup eyes adjusted pretax profit at top end of expectations

Zigup PLC - Darlington, England-based vehicle rental and management firm - Says that financial year ended in late April "ended strongly" amid vehicle-on-hire growth in Spain and UK & Ireland, and "good" progress in Claims & Services. Zigup expects to report financial outturn for financial 2026 to be at the top end of market consensus, citing an adjusted pretax profit range of GBP154.5 million to GBP159.3 million. For financial 2025, the firm had reported an adjusted pretax profit of GBP166.9 million. Zigup will publish annual results on July 8.

Chief Executive Officer Martin Ward says: "Customers are clearly seeing significant value in our service-led offering, and I am very pleased with the contributions from across our divisions this year. Average vehicle on hire is up 4.9% for the year and we have secured a number of valued contract wins and renewals, underpinning this good momentum; steady state cash generation has stepped up materially and supports our ambition for further growth."

Current stock price: 434.50 pence, up 2.5% on Thursday morning in London

12-month change: up 23%

By Tom Budszus, Alliance News slot editor

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