Leeds-based transport technology provider Tracsis plc said on Thursday it will pursue mergers and acquisitions opportunities as it reported revenue up 1% to £81.9 million and profit before tax up 60% to £1.6 million in the year to July 31, 2025.
Dividend per share rose 8% to 2.6p.
Tracsis CEO David Frost said: “The group has delivered full year performance in line with revised guidance, with an improved trading result in the second half of the year. That reflects the capability, determination and professionalism of our people and I want to thank everyone across Tracsis for their contribution.
“Although parts of the UK rail market remain challenged by funding and procurement timing, our focus is on what we can control. During the year we grew recurring revenue, and we have successfully secured new multi-year contracts in both Divisions.
“In the second half of the year we delivered improved profitability in Traffic Data and Events. As a result, we end the year with stronger momentum and a more resilient platform.
“Entering FY26, I am pleased with how we are delivering on commitments and executing to plan in our core markets while making progress in positioning the business for scalable, long-term growth.
“Unifying our Rail Technology & Services operations under one global leadership team is a major step forward and will enable smoother and more consistent delivery as we grow.
“At the same time, we have started the investment in our next generation Operations & Planning software platform to reinforce our UK market leadership and create a more scalable foundation with greater optionality for international expansion.
“With a strong balance sheet and healthy cash flow, we are well positioned to invest with discipline, grow our higher-margin recurring revenue, and pursue M&A opportunities both in rail and in attractive adjacencies that accelerate growth and further strengthen our strategic position.
“There is more to do, but the fundamentals of the business are strong and the opportunity ahead of us is significant.”