The Elizabeth Line was taken over by a new operator earlier this year. (Photo by Isabel Infantes/Getty Images)

Profit at the first company to operate the Elizabeth Line in London more than doubled in the year before it lost the contract, it has been revealed.

The division of MTR Corporation is part of the wider majority government-owned public transport operator and property developer in Hong Kong and had run the line since it first opened.

However, the business was informed in November 2024 that it would be awarded the next Elizabeth Line contract and the company has now ceased operations.

Now, new accounts filed with Companies House have revealed the firm’s pre-tax profit jumped from £16.3m to £40.8m in the 12 months to 31 March, 2025.

Over the same period, its revenue also clim

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