Trading update and Progress on Strategic Review

Thruvision (AIM: THRU, "Thruvision" or the "Group"), the leading international provider of walk- through security technology, today publishes a trading update for the current financial year ending 31 March 2025.

Trading Update

The Board announced on 14 January 2025 the launch of a Strategic Review and noted that it had a number of significant near-term opportunities (the "Material Opportunities") with a potential contract value for the financial year ending 31 March 2026 of approximately £15 million. It further noted significant milestones for these Material Opportunities were scheduled for the fourth quarter of the financial year ending 31 March 2025.

Whilst all of these Material Opportunities remain intact, recent discussions with associated customers have confirmed that they will predominantly not start before the next financial year and therefore that their impact on the current financial year ending 31 March 2025 will be minimal. Accordingly, the Board now expects that Group revenue for the current financial year ending 31 March 2025 will be in the range of £5 to £6 million compared with the previous guidance of £9 million.

The Board continues to anticipate that the cash resources of the Group will last until approximately the end of May 2025.

Strategic Review

Since the announcement of the Strategic Review on 14 January 2025 discussions have been held, and are continuing, with a number of parties. It is hoped that one or more offers to either acquire the Group or to provide additional cash resources will be forthcoming although there can be no certainty that such offers will materialise.