Strategic report
Governance
Financial statements
5 OCU Group Annual report and financial statements 2026
CEO report
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.
Michael Hughes Chief Executive Officer
Delivering another year of strong performance
Powering a brighter tomorrow, through infrastructure delivery We have strengthened our position across our core infrastructure markets, expanded our capabilities, entered new sectors and continued to invest in the people, systems and operational excellence that underpin our long-term growth. Our purpose remains clear. We support the delivery, maintenance and renewal of critical infrastructure that enables communities, businesses and economies to thrive. Whether through regulated power networks, energy transformation projects, water infrastructure, heat networks or digital connectivity, our teams continue to play an important role in connecting the future.
Behind the headline result was continued attention to the quality and resilience of delivery. Greater consistency in contract governance, forecasting and cost-to-complete disciplines has strengthened visibility at project, business and Group level, allowing teams to identify issues earlier and direct support where most valuable. It also helps maintain a balanced portfolio of recurring framework activity and project-based work, supporting stability and selective growth. The breadth of our activities across regulated Power Transmission & Distribution, Energy Transformation, Water & Environmental, and Digital Infrastructure continues to provide resilience and opportunity. Combined with a growing international presence and increasing visibility through long-term frameworks and recurring client relationships, this provides a strong foundation for future growth.
The long-term drivers supporting our markets remain firmly in place. Increasing electricity demand, the transition towards lower-carbon energy systems, the need to modernise ageing infrastructure and the continued growth of digital connectivity requirements all reinforce the importance of the services OCU provides. These trends continue to create attractive opportunities for sustainable growth across our business. As the Group has developed, we have changed how we describe our operations to reflect the way they are now managed. Our FY26 operational review is presented first by territory – UK, and ANZ – and then through market: Power Transmission & Distribution, Energy Transformation, Digital Infrastructure and Water & Environmental. This preserves proximity to clients and local management ownership while providing a consistent Group lens across safety, commercial management, people, data and assurance. Decisions remain close to operations, supported by shared standards and services.
FY26 was a landmark year for OCU Group as annual revenue exceeded £1bn for the first time in the Group's history. This achievement reflects the continued strength of our operating model, the macro factors driving growth within our addressable markets, the quality of our client relationships and the commitment of our people across every part of the business. It should be noted, however, that while revenues exceeding £1bn is an important milestone for the Group, it is the consequence of a mindset that prioritises being the best we can be, as opposed to being the biggest. Our performance has been driven by a balanced combination of organic growth, strategic acquisitions and the continued expansion of long-standing client relationships. Importantly, this growth has been delivered while maintaining a disciplined approach to safety, operational delivery and commercial management. Across the Group, we remain focused on building sustainable value through consistent execution, strong governance and investment in capability.
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