Journeo (JNEO) Trading update summary

Financial performance and trading update

• FY25 revenues expected at £55m, up from £50m in 2024, with adjusted profit before tax at £5.7m, slightly ahead of expectations.

• Cash balances at year-end were £12.0m after a £10.7m payment for the CFDS acquisition; invoice discounting facility remained unused.

• The recently acquired CFDS business performed well since joining in September 2025, expanding activities in critical national infrastructure.

Strategic developments and outlook

• Continued strong momentum driven by customer collaboration and development of advanced products, software, and services.

• Entering 2026 with confidence in delivering another year of significant growth.

Business operations and innovation

• Operates six companies providing intelligent systems for transport, infrastructure, and security, including recent expansion into critical infrastructure protection.

• Invested over £6 million in R&D over four years, enabling innovative, scalable solutions for complex public transport needs.

• Utilizes IoT and open standards to offer flexible products that integrate with existing and future technologies.