Serco Group plc (SCGPY) Q3 2026 Earnings Call Transcript

Operator

Good afternoon, ladies and gentlemen, and welcome to Serco Event. [Operator Instructions] I would like to remind all participants that this call is being recorded.

I will now hand over to Anthony Kirby, Group Chief Executive, to open the presentation. Please go ahead.

Anthony Kirby
Group Chief Executive & Director

Good morning, everyone, and thank you for joining us. We’re hosting our call this morning from Washington, D.C. So good morning from a very early America.

I’m Anthony Kirby, I’m Group Chief Executive of Serco, and I’m joined today by Mark Reid, our Chief Financial Officer; and Barbara Supplee, our excellent CEO of North America.

Today, I’m pleased to announce our intention to acquire QinetiQ’s U.S. business, which we will refer to as QQUS. This acquisition gives us greater scale and capability in 2 areas that we’ve consistently identified as strategic priorities for Serco: one, North America; and two, defence. But rather than go straight into the details of the transaction, I’d like to start by putting into context of the wider group strategy, this acquisition that we’ve shared with you previously.

Mark and I supported by the Executive Committee and the Board have a very clear ambition for Serco, which is to become more customer-focused and a faster-growing business, delivering safer, sustainable, profitable growth. We’ve talked consistently about focusing Serco on markets where we see the most attractive structural growth, where we have

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