Capita PLC (LSE:CPI) has extended the maturity date of its £250 million revolving credit facility by 12 months to the end of 2027.
The RCF has been arranged by eight banks, including Lloyds, NatWest, Barclays, Citi and Goldman Sachs.
The outsourcer also re-presented its adjusted financial results for the first half of 2024 under its revised operating segment structure, as outlined in its 2024 full-year results, also reiterating that it expects broadly flat revenue for 2025, with operating margin improvements weighted towards the second half and positive free cash flow by the end of the year.
The group reported adjusted revenue of £1.2 billion for the first half of 2024, divided among Capita Experience (£685.6 million), Capita Public Service (£346.2 million), Contact Centre (£86.4 million), Pension Solutions (£80.4 million), and Regulated Services, which did not report revenue separately.
Adjusted operating profit for the period was £54.5 million, which included a £10 million one-off profit benefit in the Regulated Services segment.
Operating cash flow before business exits was £50.8 million, representing an operating cash conversion rate of 49.6%.