- XPS Pensions Group
- 14 February 2025 10:11:12
Source: Sharecast
The FTSE 250 company said it now expected full-year revenue to range between £226m and £229m, reflecting year-on-year growth of 15% to 16%.
Demand had been supported by regulatory changes, new client wins, and the inflation-linked nature of its contracts.
Key growth drivers included GMP equalisation, rectification projects following the McCloud judgment, and increased activity in the risk transfer market.
XPS highlighted disciplined cost management and investments in technology as factors contributing to improved operational gearing.
As a result, the board said it expected the company's full-year performance to surpass previously-upgraded forecasts.
Looking ahead, the firm said it expected regulatory changes to continue shaping the workplace pensions sector, following recent government announcements.
It said it remained confident in its ability to sustain strong growth into the 2026 financial year and beyond.
“We are pleased to be on course for another year of strong financial performance,” said co-chief executive officer Paul Cuff.
“There has been strong demand for our services, as clients have needed support to respond to market and regulatory changes.”
Cuff said that at the same time as achieving strong growth, the company had been “delighted” with the results of its annual client survey, which were “extremely positive”.
“At XPS our culture is at the heart of what we do, and I would like to thank all our people for the way they support each other and our clients.”
XPS Pensions said it would release its full-year results for the 12 months ended 31 March on 19 June.
At 0948 GMT, shares in XPS Pensions Group were up 10.95% at 385p.
Reporting by Josh White for Sharecast.com.
