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Trainline PLC on Thursday said profit more than doubled in the first half of its current financial year, as net ticket sales also increased. The London-based rail ticketing platform said pretax profit in the six months that ended August 31 was £46.5 million, multiplying from £18.1 million a year prior. Net ticket sales during in the six-month period were £3.00 billion, up 12% from £2.65 billion last year. Revenue to the company from this grew 15% to £229.1 million from £196.9 million. Chief Executive Officer Jody Ford said: ‘We are proud that our tech-focused investment continues to deliver for customers and the industry across the UK and Europe. In Spain, we have more than doubled our share on routes with carrier competition, including Madrid-Valencia where we account for 1 out of every 6 transactions, as we cement our position as the aggregator of choice. ‘In the UK, as the number one travel app, our focus remains on partnering with industry, encouraging the adoption of rail and digital ticketing and supporting the government’s commitment to passenger-focused digital innovation.’ Looking ahead, Trainline expects full-year net ticket sales to be between 12% and 14% higher than the £5.30 billion reported in 2023. It expects revenue growth of between 11% and 13% from £397 million last year and adjusted earnings before interest, tax, depreciation and amortisation around 2.6% of the net ticket sales. The company expects adjusted Ebitda for 2026 to be between around 2.6% and 2.7% of net ticket sales. Shares in Trainline were up 4.6% at 415.00 pence each in London on Thursday morning. The wider FTSE 250 index was up just 0.6%. Copyright 2024 Alliance News Ltd. All Rights Reserved.
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