OCU Group, one of the UK’s leading energy transformation and utilities infrastructure services companies, has published its Annual Report and financial statements for the year ended 30 April 2026, reporting another year of strong growth, strategic investment, and international expansion.
FY26 marked a significant milestone in OCU’s development, with Group revenue increasing by 37.8% to £1,221.2m. Adjusted operating profit increased by 37.7% to £136.1m, while adjusted EBITDA rose by 38.9% to £154.1m.
Michael Hughes, Chief Executive Officer of OCU Group, said: “Surpassing £1bn in annual revenue for the first time is a significant achievement for OCU Group. It reflects the strength of our people, the trust of our clients, and the effectiveness of a strategy built on operational excellence, disciplined growth, and long-term infrastructure investment.”
Excluding the contribution from acquisitions completed during FY25 and FY26, revenue grew organically by 24.8%, reflecting strong performance across OCU’s Utilities and Energy operations. The Group’s order book of contracted work and framework opportunities also surpassed £4bn in the year, providing a strong foundation for continued growth.
Financial highlights for the year included:
- Revenue of £1,221.2m, up 37.8% from £886.5m in FY25
- Adjusted operating profit of £136.1m, up 37.7% from £98.9m
- Adjusted EBITDA of £154.1m, up 38.9% from £111.0m
- Organic revenue growth of 24.8%
- Cash position of £140.6m at 30 April 2026, compared with £77.2m in FY25
- Order book of contracted work and framework opportunities exceeding £4bn
David Snowball, Chief Financial Officer of OCU Group, added: “OCU Group has delivered another year of strong, profitable growth, while establishing our international platform in Australia and New Zealand. The quality of that growth matters as much as its scale: disciplined commercial control, strong working capital management and continued investment in the people, systems and capabilities that make growth sustainable.
“With a resilient capital structure and robust financial footing, we enter FY27 from a position of strength, well placed to deliver for clients, colleagues and shareholders long into the future.”
The long-term drivers supporting OCU’s markets remain firmly in place. The transition to lower-carbon energy systems, the modernisation of ageing infrastructure, and growing digital connectivity needs continue to create significant opportunities across the Group. Rising electricity demand, fuelled in part by investment in new and expanded data centres, is further increasing the need for the grid connections, substations and associated power and digital infrastructure that OCU designs and delivers. Page 2 of 2 | ocugroup.com
OCU has further enhanced its power capabilities in the year through the establishment of an in-house design team operating in both the UK and India.
During the year, OCU completed four acquisitions, broadening its capabilities and establishing a platform for growth in Australia and New Zealand, a large market with high growth potential supported by investment in renewable energy, electricity networks and storage.
The acquisition of All Energy Contracting in July 2025 was followed by Pilecom and Bam Bam in December 2025, creating complementary capabilities across renewable energy, power infrastructure, specialist foundations and piling. In the UK, the acquisition of Valmech in November 2025 marked OCU’s entry into the heat networks market.
Following the year end, the acquisitions of Athena Professional Technical Services in the UK and Volta Energy Group in Australia further enhanced the Group’s power systems engineering, energy advisory, design, project delivery, and high-voltage commissioning capabilities.
The OCU Group Annual Report and financial statements for the year ended 30 April 2026 are available here or on the OCU Group website at ocugroup.com.
