MHA revenues up 12 per cent in first year as quoted company

MHA, a professional services provider of audit and assurance, tax, accountancy and advisory services, has announced its unaudited preliminary financial results for the year ended March 31, 2026.

Revenues were up 12 per cent to £251.3m from £224.1m. Growth in the period was split by 6.4 per cent, organic growth and acquisitive growth of 5.8 per cent. 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 per cent to £46.5m, ahead of market expectations and adjusted profit before tax was up seven per cent to £39.1m.

Rakesh Shaunak, chief executive officer of MHA, said: “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.”