Mears is on track to beat market expectations for the year after a strong start to 2025 supported by growth in housing maintenance work

The housing sector services specialist said group profit before tax for the first half will come in “modestly ahead” of 2024, buoyed by growing demand for maintenance work and a full year of contract wins holding firm.

Revenue and adjusted pre-tax profit for the full year are now expected to hit at least £1bn and £54m, respectively – ahead of previous forecasts.

Growth has been led by its Maintenance arm, where tighter regulation is prompting more spend from social landlords. The division has also benefited from 100% contract retention over the past 12 months.

The group will publish interim results for the six months to 30 June in early August.