Tracsis trades in line with revised guidance

(Sharecast News) - Transport technology provider Tracsis said on Wednesday that full-year trading was in line with revised guidance as it reported a stronger second-half performance, supported by recurring software licence growth, seasonal uplift in data and consultancy services, and delivery against its orderbook.

Tracsis said FY25 revenues were expected to rise modestly to £82m, up from £81m a year earlier, while adjusted underlying earnings were pegged to have eased slightly from £12.8m to £12.6m. Year-end cash rose from £19.8m to £23.4m, reflecting healthy generation and enabling continued investment in product development and M&A activity.

The AIM-listed group also noted that it has completed a £3.0m buyback programme during H2, citing confidence in long-term prospects and said it had secured a new £35m revolving credit facility with HSBC, expiring July 2028, with an option to extend to 2030.

Looking ahead, FY26 guidance remained unchanged, with Tracsis expecting to deliver modest growth in line with consensus.

Chief executive David Frost said: "After a challenging first half, the group has delivered a good H2 trading performance, reflecting the strength of our technology, the quality of our people, and their ability to execute in complex markets.

"Supported by a strong balance sheet and healthy cash generation, we remain focused on growing higher-margin recurring revenues and expanding our international presence through both acquisition and new product development."

As of 0925 BST, Tracsis shares were up 7.92% at 388.50p.

Reporting by Iain Gilbert at Sharecast.com