AGM Statement and Trading Update

In brief · summary, not quotable

Thruvision Group reported that revenue for the first half of 2026 increased by 36% to £2.6 million, up from £1.9 million in the first half of 2025. Approximately £1.6 million of this revenue was derived from the Entrance market, including prisons, and £1.0 million came from Retail Distribution sales. The Entrance market revenue included a contract for 20 systems exceeding £1 million from a new government customer in Asia. As of September 30, 2025, the company's cash position was £2.1 million, a notable increase from £0.4 million on March 31, 2025, while inventory decreased to £3.7 million from £5.2 million at the end of the previous fiscal year.

Full announcement

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

Thruvision Group plc (AIM: THRU), a leading provider of walk-through security technology ("Thruvision" or the "Company" and, together with its subsidiary undertakings, the "Group"), announces that at the Company's Annual General Meeting, being held later today, Tom Black, Chairman, will provide the following update on trading for the six months ended 30 September 2025 ("H1 2026").

"Revenue for H1 2026 increased by 36% to £2.6 million (H1 2025: £1.9 million), with approximately £1.6 million derived from the Entrance market, which includes prisons, and £1.0 million from Retail Distribution sales. The Entrance market revenue included a previously announced contract for 20 systems in excess of £1 million from a new government customer in Asia. There was no significant revenue from the Customs or Aviation markets during H1 2026, although there is active customer engagement in both of these markets which we are hopeful will lead to sales in H2 2026.

"The business experienced a slow-down in sales closures in the second quarter, as previously reported, although sales activity remains high and several high-value opportunities are currently being pursued across our target markets.

"During the period, we have broadened our reach with additions to our reseller network. We have also successfully completed testing under the UK Government National Protective Security Authority's Threat Detection Systems Test Method.

"At 30 September 2025, cash was £2.1 million (31 March 2025: £0.4 million) with inventory of £3.7 million (31 March 2025: £5.2 million)."

Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.