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Quartix Technologies PLC on Thursday reported increased annualised recurring revenue for 2025, and said overall revenue and profit increased more than expected. Shares in Quartix climbed 5.3% to 300.00 pence each on Thursday afternoon in London. The Newtown, Wales-headquartered vehicle tracking software firm said it expects revenue and adjusted earnings before interest, tax, depreciation and amortisation for 2025 to exceed current market expectations. It also anticipates free cash flow of £5.1 million, ‘despite significant outflows,’ including around £1.0 million for its 4G upgrade programme in France. Quartix said market guidance for the year puts revenue at £36.2 million and adjusted Ebitda at £7.7 million, as well as free cash flow at £4.4 million. Annualised recurring revenue, meanwhile, increased 14% on an annual basis to £37.0 million for 2025 from £32.2 million in 2024. Net revenue retention for the year increased to 98.1% from 95.7%. Quartix said it aims to ‘achieve further progress’ in both measures during 2026. Quartix also said it intends to consolidate ordinary and supplementary dividends into a single ordinary dividend, and expects to recommend a final dividend of 7.5 pence per share. This would be more than doubled from the 3.00p final payout recommended for 2024, and increase the total dividend to 10p from 4.50p. Furthermore, Quartix said it is discussing certain aspects of its financial reporting with the UK’s Financial Reporting Council. The company said it is cooperating fully with the FRC’s review, which ‘is principally concerned with the treatment of tracking system and associated costs’ and whether those systems should be accounted for under IAS 16 rather than IFRS 15. This ‘would have no impact on revenue or free cashflow reporting,’ Quartix noted, adding the FRC has reached no conclusions at this stage. ‘We are delighted with the progress made in 2025: ARR growth increased by a record £4.5m to £37m,’ Executive Chair Andy Walters commented. ‘This is significantly ahead of our expectations at the beginning of the year and stands us in excellent stead for further revenue growth in 2026. ‘Strong progress was made across our key markets. Free cashflow was a particular highlight of the company’s financial performance.’ He added: ‘We look forward to 2026 and beyond with confidence.’ Copyright 2026 Alliance News Ltd. All Rights Reserved.
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