Transense Technologies (TRT) Trading Update summary

Financial performance

• Total revenue rose 33% to £5.6m, with SAWsense up 120% and Translogik up 18%.

• Bridgestone iTrack royalty income increased 19% to £3.1m.

• Second half SAWsense and Translogik revenue grew 67% over the first half.

• Adjusted PBT expected at £1.6m, up 8% and in line with expectations.

• Net cash at year-end was £1.1m, with a Q4 royalty receivable of £0.8m.

Operational and commercial highlights

• SAWsense deepened customer relationships in aerospace, motorsport, and eDrives, with new development projects underway.

• Investment in next-gen components and in-house production progressing on time and budget.

• Translogik expanded distribution in the USA, Southeast Asia, and South America, and launched a subscription business model.

• Bridgestone iTrack installed base volume exceeded expectations, though royalty growth was limited by a weaker US dollar.

• Planned 40% reduction in unit royalty rate for iTrack starts July 2025 as per agreement.

Strategic outlook

• Strong pipeline and accelerating revenue growth support confidence in meeting FY26 expectations.

• Business development and technical teams strengthened for future expansion.

• Directors remain positive about future prospects and scaling opportunities.

• Final audited results and detailed outlook to be announced by end of September 2025.