Trading Update - Amendment
Journeo plc reported a strong first half of 2026, with group revenues increasing by 53% to £37.6 million, up from £24.5 million in the prior year, and adjusted profit before tax rose 10% to £3.0 million compared to £2.8 million. The company's cash balance decreased to £12.6 million following an acquisition, while its sales opportunity pipeline significantly expanded to £200 million from £80 million. Sales order intake saw a modest 3% increase to £31 million, providing enhanced visibility for the second half of the year and beyond. The company anticipates full-year revenue to be marginally ahead of market expectations, with adjusted profit before tax remaining in line with forecasts.
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The following amendment has been made to the 'Trading Update' announcement released on 28/07/2026 at 7:00 a.m. under RNS No 0234O:
In the first sentence below the Financial Highlights bullet points, "Journeo had a strong H1 2025" has been changed to "Journeo had a strong H1 2026".
All other details remain unchanged.
The full amended text is shown below.
Journeo plc
("Journeo", the "Company" or the "Group")
Trading update
Journeo plc (AIM: JNEO), a leading provider of intelligent systems for transport networks and critical national infrastructure, announces a trading update for the six months ended 30 June 2026 ("H1 2026"), and current outlook confirming trading in line with expectations.
Financial Highlights
- Group revenues increased by 53% to £37.6m (H1 2025 £24.5m)
- Adjusted profit before tax increased by 10% to £3.0m (H1 2025: £2.8m)
- Cash balance decreased to £12.6m (H1 2025: £18.0m)
- Sales opportunity pipeline increased substantially to £200m (H1 2025: £80m)
- Sales order intake increased by 3% to £31m (H1 2025: £30m) providing increased visibility into H2 2026 and beyond
Journeo had a strong H1 2026 with total Group revenue increasing by 53% to £37.6m (H1 2025: £24.5m). Adjusted Profit before tax increased by 10% to £3.0m (H1 2025: £2.8m).
Cash balance at 30 June 2026 was £12.6m (H1 2025: £18.0m), following payment of £10.7m cash consideration for the acquisition of Crime and Fire Defence Systems in September 2025. The Company's invoice discounting facility of £2.75m was unutilised during the period.
Outlook
Revenue for the full year is expected to be marginally ahead of current market expectations, with adjusted profit before tax remaining in line with market expectations. *
Russ Singleton, Chief Executive, commented:
"The Group has delivered record first-half revenue, driven by strong organic growth and complemented by the contribution from our recently acquired Crime and Fire Defence Systems business. The acquisition demonstrates the strategic benefits of expanding our total addressable market through targeted acquisitions. Order intake in the first half, together with a substantially strengthened sales opportunity pipeline, positions the Group well for the second half of the year and beyond".
*FY26 market expectations are revenue of £72m and adjusted profit before tax of £7.4m
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.