Transport technology provider Tracsis expects H1 FY25 revenue of £36.3 million, reflecting modest growth from H1 FY24 (£35.5 million like-for-like), after excluding £1.1 million in discontinued revenue.
The Leeds-based company highlighted strong contract wins and operational progress in its latest trading update. Driven by a solid order book, it anticipates improved revenue and EBITDA margin performance in H2 FY25.
Despite the slower activity in parts of the UK rail market, Tracsis reports continued demand for modernisation and digital solutions. The company’s diversification strategy is gaining traction, expanding its reach into larger strategic opportunities.
Tracsis maintains a strong cash position, allowing for ongoing investment in technology and potential acquisitions. Its core products align with the UK government’s rail strategy, though ongoing consultations may delay procurement timelines in Operations & Planning. The company expects its recurring software revenue from UK train operators to remain stable despite potential regulatory changes.
