Published: December 17, 2025 at 2:20 pm
Serco shares have risen to a 10-year-high today after the government services contractor upgraded guidance for 2025, set out a stronger outlook for 2026 and announced a change to its senior leadership team.
In its scheduled trading update, the Hampshire-headquartered firm said it now expects revenue for 2025 of around £4.9 billion, up 3% at constant currency, including organic growth of about 1%.
Underlying operating profit is forecast to be around £270 million, ahead of previous guidance of roughly £260m, with a margin of 5.5%.
Alongside the trading update, Serco also announced that Mark Reid will join the firm as group CFO in March, succeeding Nigel Crossley, who will retire after 11 years with the company.
Reid joins from Proximus, the Belgian-listed telecoms group, where he is currently group CFO and previously served as interim CEO of its international division.
Following the updates, its share price has spiked by 6.9% to 269.6p – a 10-year-high. It has a market cap of £2.7bn.