Serco Group plc (SRP) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning everyone and thank you for joining us here for the presentation of Serco's 2025 half year results both in person and also via the live stream. I'm Anthony Kirby and I'm the Group Chief Executive and I'm joined by Nigel Crossley our Group Chief Financial Officer. I'd like to take this opportunity to formally welcome Keith Williams, who is in the room today, and join the board as a non-executive director on the 1st of August and will become the board chair, succeeding John Rishton, who's also in the audience today, having completed his nine-year tenure later this year. I'm delighted to welcome Keith as the chair, and on behalf of everybody at Serco, would like to thank John for his excellent leadership and unwavering commitment over the past nine years. This morning I'll give you a quick overview of our first half performance including our progress in priority areas and my initial reflections on the organisation having spent time in each part of our international portfolio over the last six months. Nigel will then take you through the detailed financials for the reporting period And I'll then come back to provide some thoughts on the strategic positioning of the organisation as we look ahead to build on our momentum. But before we go any further, can I please ask you to note the disclaimer. Our first half outturn delivered an excellent performance and it reflects the hard work and dedication of my 50,000 Serco colleagues around the world. I thank them for it, and I'm incredibly proud to be on their team. Our strong operational performance has culminated in revenue of 2.4 billion, up 5% on a constant currency basis compared to the same period last year, with excellent organic growth, and in particular, 9% organic growth out of our North America business. An...