Tracsis Sees Higher Revenue, Adj. EBITDA In FY26, In Line With Market; Shares Up
(RTTNews) - On Monday, Tracsis plc (TRCS.L), a transport technology provider, announced that it expects higher group revenue and adjusted EBITDA for fiscal 2026, in line with market expectations.
Tracsis plc, a transport technology provider, reported on July 31, 2026 that its fiscal year 2026 results are expected to meet market forecasts. The company's shares surged 8% in response to the announcement. Tracsis projected group revenue for the year to be around £85.5 million, a 4.4% increase from £81.9 million in fiscal 2025.
Adjusted EBITDA is forecasted to be about £13.5 million, aligning with analysts' expectations of £13.2 million to £13.9 million. These figures incorporate the entire fiscal year's contribution from the sold Events business. The company's cash reserves were £19.4 million at year-end, down from £23.4 million in the previous fiscal year, excluding the proceeds from the Events business sale.
Tracsis secured approval from the UK Competition and Markets Authority to finalize its £48 million acquisition of Mistral Data Limited. The acquisition, cleared on July 29, 2026, was funded by existing cash and a £38.7 million drawdown from the £40 million revolving credit facility. The company expects its net debt to EBITDA ratio to be around 1.5 times post-acquisition. Tracsis will release its full fiscal 2026 results at a later date.
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