Mears Grp PLC - Trading Update

Mears Group PLC

("Mears" or the "Group")

Trading update

Mears Group PLC, the leading provider of housing services to the public and regulated sectors in the UK has traded strongly in the second half to date and anticipates that adjusted profit before tax for the financial year ended 31 December 2025 is expected to be at the top end of market guidance issued on 7 August 2025.

The Board intends to release a more detailed trading update in January 2026.

For further information, contact:  

Mears Group PLC                                                                                                               Tel: +44(0)1452 634 600

Lucas Critchley   

Andrew Smith     

Deutsche Numis                                                                                                                  Tel: +44(0)207 260 1000

Julian Cater         

Kevin Cruickshank             

Panmure Liberum                                                                                                                               Tel: +44(0)207 886 2500

Tom Scrivens      

James Sinclair-Ford          

About Mears

Mears is a leading provider of services to the Affordable Housing sector, providing a range of services to individuals within their homes. We manage and maintain around 450,000 homes across the UK and work predominantly with Central Government and Local Government, typically through long-term contracts. We equally consider the residents of the homes that we manage and maintain to be our customers, and we take pride in the high levels of customer satisfaction that we achieve.

Mears currently employs over 5,000 people and provides services in every region of the UK. In partnership with our Housing clients, we provide property management and maintenance services. Mears has extended its activities to provide broader housing solutions to solve the challenge posed by the lack of affordable housing and to provide accommodation and support for the most vulnerable.

We focus on long-term outcomes for people rather than short-term solutions and invest in innovations that have a positive impact on people's quality of life and on their communities' social, economic, and environmental wellbeing. Our innovative approaches and market leading positions are intended to create value for our customers and the people they serve while also driving sustainable financial returns for our providers of capital, especially our shareholders.