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Tracsis (TRCS) investor relations material
Tracsis H2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Improved financial performance in H2 FY 2025, with results in line with revised April guidance and recovery in Traffic Data and Events profitability.
Profitability issues in traffic data and events were resolved, strengthening the position for the new year.
Recurring revenues grew, supported by new multi-year contracts in pay-as-you-go and geo-intelligence.
Transformation of the operating model completed, integrating rail technology and services under global leadership.
FY 2026 expectations remain unchanged, with UK rail market challenges already factored in.
Financial highlights
FY 2025 group revenue was £81.9m, up 3% like-for-like year-over-year.
Adjusted EBITDA was £12.6m, with margin at 15% (down 39 bps); H2 margin reached 19.2%.
Operating profit increased 4% to £1.0m; profit before tax rose 60% to £1.6m.
Recurring and transactional revenues increased by 8% year-over-year.
Free cash flow improved to £7.7m, with year-end cash balance of £23.4m.
Final dividend recommended at £0.014 per share, total dividend up 8% to 2.6p.
£3m share buyback completed; £35m revolving credit facility remains undrawn.
Outlook and guidance
FY 2026 expectations unchanged and consistent with market expectations, with UK rail headwinds already factored in.
Focus on building H2 performance momentum, execution, and long-term growth and margin accretion.
Priorities include operational delivery, organic growth, product development, and international expansion.
No incremental pay-as-you-go transactional revenue included in forward guidance; will update as rollout progresses.
Full recovery in Traffic Data and Events profitability expected through FY 2026.
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