Quartix Technologies (QTX) H2 2025 earnings summary

Executive summary

• Achieved record annualized recurring revenue (ARR) of GBP 37 million, with ARR growth of GBP 4.5 million (+14%) year-over-year and a subscription base of 334,000 vehicles, up 11% year-over-year.

• Revenue grew 12% to GBP 35.7 million, and operating profit increased 34% to GBP 8.7 million for the year ended 31 December 2025.

• Operating profit margin improved from 20% in FY 2024 to 24% in FY 2025.

• Free cash flow more than doubled to GBP 5.2 million, and earnings per share rose from GBP 10.58 to GBP 13.18.

• Significant progress in product development and efficiency improvements.

Financial highlights

• Revenue: GBP 35.7 million, up 12% year-over-year; 44% generated outside the U.K.

• Operating profit: GBP 8.7 million, up 34%; operating margin improved from 20.4% to 24.3%.

• EBITDA: GBP 13.2 million, up 23%, with a 36.9% margin.

• Net profit: GBP 6.4 million, up 25% year-over-year.

• Gross profit up 15% to GBP 26.1 million; gross margin at 73%.

Outlook and guidance

• Management sees excellent growth potential in core and six target markets, with continued investment in sales, marketing, and product development.

• Recruitment for indirect channel expansion planned for Q4 2025.

• Confident about prospects for 2026 and beyond, with continued focus on administrative cost discipline.