Trading for the 4 months to 30 April 2026 – good progress across all strategic priorities18 May 2026 07:06
Capita plc
Trading for the 4 months to 30 April 2026 – good progress across all strategic priorities
Ahead of our Annual General Meeting today, we are providing an update on trading for the 4 months to 30 April 2026.
Adolfo Hernandez, Chief Executive Officer, Capita said:
“We have made positive progress in the first four months of the year, with adjusted Group revenue1 up 2.9% compared to the same period last year, in line with expectations. We have had positive and deep engagement with Inspirit, the purchaser of the private sector contact centre business and expect the sale to complete ahead of the H1 results in early August.
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 AI, data and digital services via AWS Marketplace.
We remain fully focussed on delivering the administration of the Civil Service Pension Scheme under the project improvement plan with the Cabinet Office.”
Financial update
The Group’s adjusted revenue1 performance, was in line with expectations with growth of 2.9% compared to the same period in 2025, benefitting from phasing of some contracts, particularly in Capita Public Service.
Capita Public Service (81% of Group revenue) grew 5.8% with revenue benefitting from increased volumes on contracts in Central Government and the one-off benefit from higher volumes on a contract in Northern Ireland. These more than offset the impact of prior year contract hand backs which will continue through 2026.
Retained Contact Centre business performance (7% of Group revenue) reduced 7.0% due to some reductions in volumes and project work.
Pension Solutions (12% of Group revenue) delivered 23.4% growth, reflecting the annualised impact of the Civil Service Pension Scheme contract and higher volumes from the Teachers’ Pension Scheme contract which Capita was advised in 2023 would be transferred to another provider. We expect to transition to the new provider within the next 12 months.
Regulated Services, which now only comprises our Mortgage Software business, had revenue of just £2m, a reduction of 91.4%, due to the non-repeat of a £19m one-off benefit from a contract exit in the prior year.
Strategic progress
Across 2026, we have continued with our transformation to become the first AI-led business process outsourcer (BPO). This year we became the first European BPO to launch Storefront on AWS Marketplace, providing customers with access to the company’s AI, data and digital services via AWS Marketplace Storefront so customers can easily find and procure Capita solutions, reducing procurement complexity.
We are increasing the level of technology underpin i