Published by Global Banking & Finance Review®
Posted on December 17, 2025
1 min readLast updated: January 20, 2026
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Serco forecasts profit above market expectations through 2026, driven by strong defence contracts. CFO Nigel Crossley will retire, succeeded by Mark Reid.
Dec 17 (Reuters) - British outsourcing firm Serco on Wednesday forecast profit ahead of analyst expectations for this year and next, boosted by a strong order book of defence contracts in the UK and North America.
The company, which delivers defence, security, immigration, health and transport services to governments, has benefited from a surge in contracts as countries boost defence spending amid rising geopolitical tensions.
Serco expects its underlying operating profit to be around 270 million pounds ($359.91 million) for 2025 and 300 million pounds for 2026.
Analysts, on average, estimate 263 million pounds for 2025 and 285 million pounds for 2026, according to a company-compiled poll.
Separately, Serco said its finance chief, Nigel Crossley, would retire after 11 years with the firm and be replaced by the CFO of Belgian telecoms group Proximus Mark Reid next year.
($1 = 0.7502 pounds)
(Reporting by Yamini Kalia in Bengaluru; Editing by Subhranshu Sahu)
Operating profit is the amount of money a company makes from its core business operations, excluding deductions of interest and taxes. It reflects the efficiency of a company's management in generating profit.
A strong order book refers to a significant number of confirmed orders for a company's products or services, indicating robust demand and future revenue potential.
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