v3.26.1
Segment analysis (Tables)
6 Months Ended
Jun. 30, 2026
Segment analysis  
Schedule of reconciliation of [profit/(loss)] for the period to Adjusted EBITDA

Three months ended June 30, 

Six months ended June 30, 

  ​ ​ ​

2026

2025

2026

2025

$'m

$'m

$'m

$'m

Profit for the period

 

35

5

30

Income tax charge

 

16

10

17

6

Net finance expense

 

64

67

124

117

Depreciation and amortization

 

121

114

240

225

Exceptional operating items

 

4

14

8

17

Adjusted EBITDA

240

210

419

365

Schedule of segment results

Segment results for the three months ended June 30, 2026 and 2025 are:

Revenue

Adjusted EBITDA

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

2026

  ​ ​ ​

2025

$'m

$'m

$'m

$'m

Europe

698

615

105

77

Americas

 

1,015

840

135

133

Group

1,713

1,455

240

210

Segment results for the six months ended June 30, 2026 and 2025 are:

Revenue

Adjusted EBITDA

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

2026

  ​ ​ ​

2025

$'m

$'m

$'m

$'m

Europe

 

1,323

1,143

180

126

Americas

 

1,894

1,580

239

239

Group

3,217

2,723

419

365

Schedule of disaggregation of revenue

The following illustrates the disaggregation of revenue by destination for the three months ended June 30, 2026:

North

Rest of the

Europe

America

world

Total

$'m

$'m

$'m

$'m

Europe

693

1

4

698

Americas

896

119

1,015

Group

693

897

123

1,713

The following illustrates the disaggregation of revenue by destination for the three months ended June 30, 2025:

North

Rest of the

Europe

America

world

Total

$'m

$'m

$'m

$'m

Europe

605

1

9

615

Americas

717

123

840

Group

605

718

132

1,455

The following illustrates the disaggregation of revenue by destination for the six months ended June 30, 2026:

North

Rest of the

Europe

America

world

Total

$'m

$'m

$'m

$'m

Europe

1,313

2

8

1,323

Americas

1,630

264

1,894

Group

1,313

1,632

272

3,217

The following illustrates the disaggregation of revenue by destination for the six months ended June 30, 2025:

North

Rest of the

Europe

America

world

Total

$'m

$'m

$'m

$'m

Europe

1,125

3

15

1,143

Americas

1,333

247

1,580

Group

1,125

1,336

262

2,723

The following illustrates the disaggregation of revenue based on the timing of transfer of goods and services:

Three months ended June 30, 

Six months ended June 30, 

2026

2025

2026

2025

$'m

$'m

$'m

$'m

Over time

1,356

1,162

2,571

2,191

Point in time

357

293

646

532

Group

1,713

1,455

3,217

2,723