- 30 Jun 2026
Accelerating growth, a strengthened offering for clients and expanding opportunities – FY26 was a year of exceptional progress for M Group.
As I reflect on the past financial year, I’m proud that it’s been defined by purposeful investment, enhanced capabilities and greater opportunities for our people. Our sustained efforts in what has been a transformational year have strengthened M Group’s position as the leading provider of infrastructure services, and underpinned the modernisation and resilience of the UK’s essential infrastructure.
We invest in our people and our capabilities, creating lasting value for the UK. Our performance this year demonstrates the power of purposeful growth and responsible leadership.
Andrew Findlay
Chief Executive
Beyond impressive growth and margin enhancement, why should this past year be seen as a fundamental transformation of the business rather than a strong financial cycle?
This past year was a key part of our evolution into a vertically integrated solutions provider. Unifying under the M Group brand signals our shift from separate entities to a cohesive, future-focused leader that is greater than the sum of its parts. We’ve added to our capabilities with key, strategic acquisitions and can now offer a far greater range of services to our clients, solving their wider challenges and becoming a genuine one-stop-shop for all infrastructure services.
You’ve championed the ‘Thriving Together’ initiative this year. How does fostering this internal culture directly translate into improved commercial performance and long-term value?
‘Thriving Together’ is creating one way of working across the Group. Standardisation makes it simpler to manage our workflows which increases efficiency for our clients, and it allows our highly-skilled workforce to move between contracts more easily. That’s better for clients because we can be more responsive to where the demand is, and it makes it easier to share new ideas and talent, harnessing the very best thinking from across the Group. It’s also better for our people, making it easier to move between projects and offering greater career opportunities. When our diverse teams feel valued and supported, they deliver more innovative, high-quality outcomes. This virtuous circle builds long-term value for our clients, stakeholders and people.
How is the integration of BGEN progressing, and what cross-divisional opportunities is this partnership unlocking?
BGEN’s integration is proceeding well and at pace, dramatically expanding our MEICAT capabilities. We are already unlocking cross-divisional value by providing expert, highly technical engineering solutions for our water and energy clients. By integrating advanced automation technologies, we enable clients to achieve operational excellence and create efficient, reliable infrastructure that meets evolving and increasing demands.
How does the acquisition of Telent redefine your market position, and what unique capabilities does it add?
Acquiring Telent gives us significant additional capability to support our clients in new ways. It establishes M Group as a leader in critical digital infrastructure and operational technology, broadening our reach into high-growth sectors, including the emergency services and the public sector. We can now provide turnkey solutions across the full project lifecycle, from survey and design through to build, commissioning, operation and upgrades.
Following a year of transformational M&A, are you still actively seeking new acquisitions to further enhance the Group’s capabilities?
Acquisitions remain a fundamental part of our growth strategy. We continue to seek value-enhancing partners that help us broaden our capabilities or expand into adjacent addressable markets. We particularly look for companies that can augment our services to clients – allowing us to solve even more of their challenges and become the partner of choice.
Health & Safety remains paramount, but so are skills. How are you ensuring the right pipeline of talent for the future?
Safety is our number one priority and always will be. We ensure everyone in M Group is true to our values of Responsible, Open, Together and Ambitious – and safety runs across all of these. Infrastructure demands are only going to increase over the coming years, so we’re investing in new platforms and systems to make sure we’re as efficient as possible, while also recruiting the best talent available in the graduate and apprenticeship spaces. We’ve been awarded by the 5% Club, a charity which focuses on young talent, for our commitment to having 5% of our workforce in ‘earn and learn’ roles, and already have more than 600 people on apprenticeship programmes, with more than half of them being new entrants to the workplace.
With a new CTO in place, how are you prioritising investments in AI and technology to drive internal efficiencies and enhance customer service delivery?
We have dozens of AI initiatives across the Group, all of which are helping us to drive efficiencies and deliver more effectively for our clients. Technology and data advances such as digital twins boost workforce efficiency and provide clients with data-driven insights into asset performance. By investing in this way we remain future-proof and can offer the latest and best solutions to our clients.
The market outlook appears positive, but where do you see the most significant tailwinds?
The energy transition as we move towards net zero, and the digital transformation of national infrastructure, provide huge tailwinds and opportunities for us. In addition, ageing assets in regulated sectors such as water ensure sustained demand for our essential maintenance and renewal services. Our position in these buoyant markets remains exceptionally strong.
