FirstGroup PLC (OTCPK:FGROY)
$ 1.7147 0 (0%) Market Cap: 1.02 Bil Enterprise Value: 2.25 Bil PE Ratio: 10.67 PB Ratio: 1.32 GF Score: 69/100

Half Year 2025 FirstGroup PLC Earnings Call Transcript

Nov 14, 2024 / 09:00AM GMT
Release Date Price: $1.75
Graham Sutherland
FirstGroup PLC - Chief Executive Officer, Executive Director

Good morning and welcome to the FirstGroup 2025 half year results presentation. In a moment, I will hand over to Ryan to take you through the financial performance for the half year after which I will provide an update on the business performance in bus and rail before we take your questions at the end.

And on slide 3, we continue to make progress in strengthening our business and we remain confident that we are well-positioned to deliver further long term sustainable growth as our industry enters a period of transition under a new government.

Our strong performance in the first half of 2025 demonstrates progress on strategy and reinforces our track record for delivery. In First Bus, we have improved operational performance, driving revenue growth and margin expansion and we've made a number of acquisitions as we grow and diversify our bus earnings.

In First Rail, good operational delivery continues in our train operating companies and affiliate businesses. In our two open access operations, Hull

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