MHA plc, a leading provider of audit and assurance, tax, accounting, and advisory services in the UK and Ireland and a member of the global Baker Tilly International network, announced strong performance for the financial year ended March 31, 2026, confirming its growth momentum and the resilience of its business model.

For Baker Tilly South East Europe, integration into the Group creates stronger growth prospects in the Greek and Cypriot markets, enhancing access to larger-scale projects, expanding the cross-border client base, and improving the ability to generate stable, recurring revenue through a broader and more diversified regional service portfolio.

The Group's turnover increased by 12%, approaching £251 million compared to £224.2 million in the previous year, aligning with market estimates. In terms of operating profitability, adjusted EBITDA also recorded a 12% increase, reaching approximately £46 million, exceeding consensus forecasts, a fact that suggests improved margins and effective cost control. Simultaneously, the net cash position was significantly strengthened, reaching £24 million at the end of the period, compared to £17.7 million a year earlier.

Commercial activity remained strong throughout the second half of the year, with demand characterized by broad dispersion and sustainable intensity across all four core service pillars. Increasing regulatory complexity and the need for clients to have integrated, multi-disciplinary advisory solutions contributed to maintaining high growth rates. The Group’s sectoral expertise paid off, with double-digit fee growth in sectors such as financial services, manufacturing, and professional services.

In terms of strategic growth, the Group proceeded with targeted acquisitions that enhanced its geographical diversification. In August 2025, the merger with Baker Tilly South East Europe was completed, expanding its presence in Cyprus, Greece, and the wider South East European region. Subsequently, on April 7, 2026, Moore Stephens LLC and Moore Stephens Consulting LLC were acquired, strengthening the Group’s presence in the Middle East. Both transactions are estimated to contribute positively to profitability from the first full financial year of their integration.

The investment planning remains active, with the Group examining further opportunities both in the UK and internationally, emphasizing quality characteristics, geographical coverage, and sector-specific expertise.

The outlook remains favorable, as the fundamental demand factors for high-value-added professional services remain strong. Management estimates that there are clear conditions for continuing the growth trajectory through organic expansion, leveraging acquisitions, and investing in technology, Artificial Intelligence, and human resources, with a medium-term goal of exceeding £500 million in annual revenue.

The company's CEO, Rakesh Shaunak, stated:

"The 2026 financial year marked substantial strategic progress, noting that recent acquisitions have decisively strengthened the Group's international presence, while investments in technology and AI are improving both the quality of services provided and productivity."

He also emphasized that the company enters the new year with an enhanced platform, an attractive investment pipeline, and a favorable demand environment, placing it in a strong position to create long-term value for shareholders.

The announcement includes inside information within the meaning of the market abuse regulatory framework as applicable in the United Kingdom and is made publicly available upon its publication.

The 2026 financial year represents the company's first statutory accounting period, while the comparative figures for the 2025 financial year are based on combined financial statements of the Group's individual companies. Adjusted EBITDA excludes exceptional and non-recurring items, providing a more representative picture of underlying operating profitability.