Transense Technologies (TRT) Trading Update summary

Financial performance

• SAWsense revenues more than doubled year-on-year, while Translogik revenues remained stable.

• Group revenue growth excluding Bridgestone iTrack royalty was approximately 20% for the four-month period.

• Overall revenues reflect a reduction in iTrack royalty income due to a contractual 40% unit rate adjustment, partially offset by higher installation volumes and favorable USD exchange rates.

• Gross margins exceeded 85% of revenue, with continued profitability and positive cash generation.

Strategic and commercial progress

• Focus is increasing on high-value, high-growth sectors such as aerospace, robotics, and electric propulsion.

• SAWsense adoption is accelerating in aerospace and motorsport, with a strong pipeline in robotics and automotive electric systems.

• Collaborative development programs, supported by UK government grants, are advancing and expected to support future revenues.

• Technology integration into next-generation platforms positions the group as a key innovation enabler.

Translogik business update

• New product launches include the Smart Tyre Inflator (TLGi), with further enhancements planned.

• New business conversion is accelerating, including agreements with another global tyre manufacturer and trials with fleet operators.

• These initiatives are expected to drive sustainable medium-term growth.