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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.
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H2 2025 earnings summary21 Nov, 2025

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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Frequently asked questions

Tracsis plc is a technology company specializing in software, hardware, and services for the transportation industry. The company's offerings include software solutions for transportation planning, scheduling, and operations management, as well as data analytics and event planning services. Tracsis serves sectors such as rail, bus, and tram, providing tools to optimize efficiency and enhance operational performance. Additionally, the company offers condition monitoring hardware to support infrastructure maintenance and reliability. The company is headquartered in Leeds, England, and its shares are listed on the AIM.

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