London 21 July 2026: MHA, a leading professional services provider of audit and assurance, tax, accountancy and advisory services, is pleased to announce its unaudited preliminary financial results for the year ended 31 March 2026.

Revenues were up 12% to £251.3m from £224.1m in FY 25. Growth in the period was split by 6.4% organic growth and acquisitive growth of 5.8%. The latter reflects the acquisition of Baker Tilly South-East Europe in August 2025. The acquisition of Moore Stephens UAE was completed shortly after the year end.

Adjusted EBITDA was up 13% to £46.5m (FY25: £41.1m), ahead of market expectations and adjusted profit before tax was up 7% to ££39.1m (FY25: £36.3m)

Rakesh Shaunak, Chief Executive Officer of MHA says:

“In our first full year results since becoming a public company we have grown revenue across all four service lines, extended our international footprint and delivered earnings ahead of expectations. It is an encouraging validation of the model we set out at IPO – combining organic growth, selective acquisitions and the discipline of public ownership – and gives us real confidence as we build towards our medium-term ambitions.

“This has been an important period for MHA and one in which we have delivered on the commitments we set out at IPO while achieving a strong trading performance.

“Our model is deliberately different from the widely adopted private equity-backed route in the professional services sector. It preserves the ownership mindset and accountability of our partner group, aligns partners interests with shareholders, provides a clear path for our people to participate in our future growth and gives us the flexibility and the financial independence to invest for the long term. That balance of entrepreneurial drive, public market discipline and access to growth capital is central to how we intend to build MHA.

“The year has demonstrated the strength of that model. We have continued to grow the business, broaden our capabilities, strengthen our international platform and invest in the people, systems and technology needed to support the next stage of development.”

Revenue by sector

All of MHA’s major sector groups saw good growth in the period. Among those that saw double digit expansion were Financial Services, Real Estate & Construction, Professional Services, Manufacturing & Engineering and Technology.

Revenue by service lines

MHA splits its revenues across four Service Lines. Audit and Assurance grew by 9% to £124.5m, Tax by 13% to £46.3m, Advisory by 15% to £70.8m and Wealth by 20% to £9.7m.

National highlights

A significant majority of MHA’s offices saw growth in the period with revenues in Ireland up 61% to £7.5m, Wales up 8% to £9.4m and Scotland up 3% to £8.5m. In England the offices that saw the fastest growth were those in London and the South East.

Investing in technology and our people

Rakesh comments: “Investing in our technology and our people was one of the priorities we set out at IPO, and we have made good progress against it during the year. AI and data are increasingly embedded across the firm, supporting the depth, quality and value of the work we do for our clients – allowing our teams to work across larger and more complex datasets, surface insights earlier, and bring sharper, more consistent analysis to the advice we give.

“Recruiting and incentivising talented people is central to our model. Public company status allows us to offer share incentives as careers progress, and to provide career paths that we believe can be more attractive than a private equity-backed firm can offer. The establishment of an Employee Benefit Trust is one example of the inclusive approach we promote across MHA.”

MHA will welcome at least 170 graduates and apprentices in FY27, a slight increase on FY26 when we had 160. Last year we received 26,000 applications for these roles or in excess of 150 per position.

Looking forward

Rakesh concludes: “The structural drivers of demand for MHA's services remain firm in FY27, and we see a clear path for growth – supported by organic expansion across our four service lines, a healthy pipeline of acquisition opportunities both in the UK and overseas, and continued investment in technology, AI, talent and sector specialisation.

As one of the few publicly quoted professional services firms in the UK, we occupy a distinctive position in our market. The drivers of our growth, including increasing compliance and regulatory requirements, growing client demand for multi-service and often cross-border advisers, and the opportunities created by the shifting focus of the Big Four, give all of us at MHA real confidence in the future and in the delivery of our medium-term ambition of generating annual revenues in excess of £500 million.”