Trading Update
Journeo plc anticipates reporting revenues of £55 million for the year ending December 31, 2025, an increase from £50 million in 2024, with adjusted profit before tax expected to be £5.7 million, slightly exceeding market expectations. The company's recent acquisition of Crime and Fire Defence Systems in September 2025 has performed well, contributing to the Group's strong momentum. Year-end cash balances stood at £12.0 million, down from £14.3 million in 2024, primarily due to the £10.7 million cash consideration paid for the CFDS acquisition.
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Journeo plc (AIM: JNEO), a leading provider of intelligent systems for transport networks and critical national infrastructure, is pleased to provide an update on trading for the year ending 31 December 2025 ("FY25").
The Group expects to report revenues for FY25 of £55m (2024: £50m), with adjusted profit before tax slightly ahead of market expectations* at £5.7m (2024: £5.0m).
The Group has continued to see strong momentum and the recently acquired Crime and Fire Defence Systems ("CFDS") business has performed well since joining the Group in September 2025.
Cash balances at the year-end were £12.0m (2024: £14.3m) following payment of £10.7m cash consideration for the acquisition of CFDS. The Company's invoice discounting facility of £2.75m was unutilised at the year end.
Further details will be provided in the Group's FY2025 Annual Report. The figures in this announcement remain subject to audit.
*FY25 market expectations were revenue of £56m and adjusted profit before tax of £5.6m
Russ Singleton, Chief Executive, commented:
"We delivered another strong Group performance in FY25. The acquisition of CFDS has expanded the Group's activities further into critical national infrastructure, strengthening our delivery of resilient, mission-critical solutions. Our strategy of close collaboration with customers continues to drive growth through the development of class-leading products, software and services. We enter 2026 with confidence in delivering on another year of significant growth".
A digital copy of this announcement will be available on the Group's website: www.journeo.com.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.