Leeds-based transport technology provider Tracsis plc published a trading update for the year ended July 31, 2025, saying group revenue is expected to rise to £82 million from £81 million with adjusted EBITDA expected to be £12.6 million, compared to £12.8 million in the previous year.
This is in line with the guidance provided in the firm’s Interim Results on April 24, 2025.
Tracsis provides software and technology for the rail and wider transportation industries.
Tracsis said: “The Group delivered an improved H2 trading performance despite previously announced market headwinds, reflecting the strength and technical capability of Tracsis’ offering.
“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.”
Tracsis also announced it has agreed a new £35 million Revolving Credit Facility with HSBC UK Bank plc, expiring in July 2028 with an option to extend until July 2030.
“This is intended to supplement the Group’s healthy cash generation, providing additional headroom and flexibility for the Group to continue to execute against its strategic objectives including new product development and M&A,” said the firm.
David Frost, the new CEO of Tracsis, said: “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. I would like to thank the whole Tracsis team for their hard work in achieving this.
“Since joining the Group, I have spent time with colleagues across the business and gained an early understanding of our operations, challenges and opportunities. Visiting our UK, Ireland and North America locations, I have seen first-hand the deep technology expertise, industry knowledge and commitment to innovation that sets Tracsis apart.
“The combination of these strengths gives me confidence in the Group’s ability to deliver sustainable, long-term growth. 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.”