FMJ Facilities Management magazine providing industry-specific intelligence to FM and property professionals
UK technology-led Facilities Management, Transformation and Compliance company, Mitie, has released its trading update for the three-month period (Q3 FY26) and the nine-month period (Q3 YTD) ended 31 December 2025.
Mitie Group has reported a sustained double digit revenue growth in Q3 FY26, up 10% to £1,447m (Q3 FY25: £1,314m), including 4% organic growth against a strong prior year comparative, and £71m generated in free cash flow in Q3 YTD (FY25 YTD: £59m).
Mitie won, extended or renewed contracts with up to £0.9bn TCV (Q3 FY25: £1.1bn). Contract wins and extensions or renewals of £4.7bn in the nine months to 31 December 2025 were at a similar level to the prior year (FY25 YTD: £4.8bn).
Mitie also reports its pipeline of bidding opportunities is up 28% to £30.4bn (end FY25: £23.7bn), comprising Facilities Management opportunities of £24.3bn (end FY25: £18.9bn) and Projects opportunities of £6.1bn (end FY25: £4.8bn).
In August, Mitie completed its strategic acquisition of Marlowe Plc, a specialist in Fire & Security and Environmental Services for c.£350m, extending Mitie’s leadership position into the fast-growing Facilities Compliance market. Mitie states that the Marlowe integration programme continues to progress well, with the early delivery of synergies expected through the transfer of Marlowe’s Alarm Receiving Centre (ARC) operations to Mitie’s ARC in Northern Ireland. Mitie adds it is also making good progress with the identification and implementation of opportunities to cross sell Marlowe’s regulatory-driven compliance services to Mitie clients.
Mitie Group also acquired Forest Group Holdings, a specialist engineering business delivering critical refrigeration maintenance services, enabling Mitie to self-deliver refrigeration services as part of its wider market leading ‘Intelligent Engineering’ proposition. The acquisition of RMS, an installer of large industrial heat pumps/heat exchangers with specialist skills in the Water industry, strengthens Mitie’s ability to deliver turnkey heat decarbonisation projects for private and public sector clients.
Looking ahead, Mitie says it remains on track to deliver double digit revenue and operating profit growth to c.£5.7bn and at least £260m, respectively, alongside free cash flow of at least £120m in FY26.
Commenting on the results and the outlook, Phil Bentley, Group Chief Executive, said: “We delivered another good trading performance in the third quarter, following five consecutive half year periods of double-digit revenue growth – significantly outpacing the UK FM market. The integration of Marlowe continues at pace with the first synergies expected in the balance of the year. A number of significant compliance bids have been submitted, and the client response to our expanded offering after only five months of ownership is encouraging.
“Our pipeline and order book are at record levels, driven by long-term macro trends, and the investments we have made in our capabilities, sales & marketing and AI.
“We remain on track to deliver our FY25-FY27 Strategic Plan targets and have built good foundations for sustained growth and shareholder value creation beyond FY27, as we unlock the value in our customers’ estates through our Facilities Management, Facilities Transformation and Facilities Compliance capabilities.”
According to the 2026 UK Facilities Management Market Research Report by askporter, facilities management professionals want clear, verifiable evidence of work being delivered, with teams that can communicate progress in real time. This requires technology that is affordable, intuitive, and quick to adopt.
Yet the report found that:
Over three quarters of FM professionals (76 per cent) experience operational inefficiencies caused by siloed software which results in a lack of real-time visibility.
Communications challenges lead to maintenance issues, with 73 per cent of teams being forced into reactive problem-solving on a weekly basis.
A worrying level of compliance gaps, with 44 per cent of admitting that half or less of their compliance tasks are tracked and automated within their systems.
Closing this gap requires the establishment of transparent and consistent communications using affordable software that gives FM teams the ability to track, evidence and improve their services.
This webinar provides a valuable overview of the main findings of the report by askporter followed by a panel discussion by FM thought leaders on practical, strategic solutions that can help close this communications gap.
To register for the webinar taking place 29 January 2026 at 11:00am click here.
