Mobico has confirmed it expects adjusted operating profit of £180-195 million for the financial year 2025, excluding contributions from its North American school bus business, which is set to be disposed next month.
The group’s adjusted operating profit forecast is largely in line with last year’s £187m operating profit.
The transport group, formerly known as National Express, also provides an update on the sale of its North America School bus division.
Mobico announced in April that it had agreed to sell its North America School Bus division to I Squared Capital for up to $608 million (£457 million). The deal is expected to close in July following final approval from the US Surface Transportation Board, which has already given tentative authorisation.
Mobico expects to receive net proceeds of approximately £275-290 million from the sale. The company said it maintains strong liquidity with no significant debt maturities until the second half of 2027, with the bus business sale providing sufficient funds to cover those obligations.
The company said a full update on cash flow and leverage will be provided once the transaction completes.
The North American Bus Company accounts for a large proportion of Mobico’s North America revenue but only generated $11.5m in adjusted operating profit in 2024.
Mobico have struggled to generate any meaningful cash flows from the business despite injecting £200m in capital investment.
Mobico shares were 3% higher at the time of writing.