Trading update

In brief · summary, not quotable

Journeo plc reported a strong first half of 2026, with group revenues surging 53% to £37.6 million, up from £24.5 million in the prior year, while adjusted profit before tax increased by 10% to £3.0 million. The company's cash balance decreased to £12.6 million following a £10.7 million acquisition, and its sales opportunity pipeline significantly expanded to £200 million. Despite a modest 3% rise in sales order intake to £31 million, the outlook for the full year remains positive, with revenue expected to be marginally ahead of market expectations and adjusted profit before tax in line with forecasts.

Full announcement

Select text to share a quote on X · sign in to keep highlights & notes in your JNEO notes

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 2025 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.