London · Delayed Price · Currency is GBP · Price in GBX Tracsis Earnings Call Transcripts
Fiscal Year 2026
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The acquisition of Mistral Data marks a pivotal step in transforming the group into a focused, high-margin, software-led transport technology business. Enhanced recurring revenue, strong cross-sell opportunities, and a modern cloud-native platform position the group for scalable growth in the UK and internationally.
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H1 FY 2026 saw strong revenue and margin growth, with EBITDA up 31% and recurring revenues rising. Strategic progress includes the Vesputi acquisition and a new group-wide operating model, supporting international expansion and scalable growth.
Fiscal Year 2025
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Second half FY 2025 performance improved, with revenue and recurring income growth despite U.K. rail headwinds. Cash generation and margins strengthened, and FY 2026 guidance remains unchanged, with strategic focus on organic growth, disciplined M&A, and international expansion.
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H1 results were impacted by UK rail funding delays, a customer cyber attack, and margin pressure, but recurring and transactional revenues grew. Strong cash, a new share buyback, and major contract wins support a positive H2 outlook despite ongoing headwinds.
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First-half results were impacted by funding shortfalls, a customer cyber attack, and inflation, leading to lower EBITDA, but recurring and transactional revenues grew strongly. The outlook is cautious, with prudent guidance for FY2025, but long-term growth prospects remain robust.
Fiscal Year 2024
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Operational transformation completed, recurring revenue grew 10%, and pipeline expanded 200%, but FY24 results were impacted by UK election timing and North American delays. Margins are expected to recover in FY25, with strong cash, no debt, and a focus on organic and acquisitive growth.