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Tracsis PLC on Wednesday reported that trading for its latest financial year was in line with expectations, and announced a new revolving credit facility. The Leeds, England-based provider of software technology for the transport sector, expects around £82.0 million in group revenue for the year ended July 31, up from £81.0 million the year before. It expects adjusted earnings before interest, tax, decrepitation and amortisation to decrease somewhat to around £12.6 million from £12.8 million. This is in line with the guidance provided with Tracsis’ interim results, which included adjusted Ebitda between £12.5 million and £13.5 million. Tracsis said this ‘improved’ performance was ‘despite previously announced market headwinds’. ‘This performance was underpinned by growing recurring software licence and consumer-driven transactional revenues, delivery of a substantial Rail Technology & Services software development orderbook, and seasonal activity levels in Data, Analytics, Consultancy & Events,’ it said. The company’s expectations are ‘unchanged’ for the year ending July 31, and it expects ‘to deliver modest growth...consistent with current market expectations’. The consensus as of Wednesday anticipates £82 million in revenue and £13 million in adjusted Ebitda. It expects this growth to be supported by a confirmed orderbook with ‘significant’ recurring revenue from its ‘large installed base’; ‘consistent’ levels of run rate activity; and ‘incremental growth opportunities’ from its rail technology pipeline. Tracsis furthermore believes it is ‘well positioned for long-term growth’. Also on Wednesday, Tracsis said it has agreed a new £35 million revolving credit facility with HSBC UK Bank PLC. The RCF expires in July 2028, with an option to extend it until July 2030. ‘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,’ commented Chief Executive Officer David Frost. He added: ‘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.’ Shares in Tracsis were up 2.8% at 370.06 pence on Wednesday afternoon in London. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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