FY26 Trading Update

In brief · summary, not quotable

FY26 revenue increased 45% to £6.0m, in line with guidance; order backlog £1.3m to be delivered mostly in H1 FY27.

vs expectations: in line

FY26 Revenue £6.0m (prior £4.2m)
Revenue growth 45%
Order backlog £1.3m
Order intake £7.1m
Cash balance £2.0m (prior £0.4m)

Full announcement

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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"), today announces a trading update for the year ended 31 March 2026 ("FY26").

Highlights:

FY26 revenue has increased by 45% to approximately £6.0 million (FY25: £4.2 million), in line with Board expectations previously communicated in November 2025 of revenue between £5 and £7 million.
Order backlog at 31 March 2026 was £1.3 million, with order intake for FY26 of £7.1 million. This backlog will be delivered mostly in H1 FY27.
The Group's cash balance on 31 March 2026 was £2.0 million (31 March 2025: £0.4 million), following a fundraise of £2.6 million, after costs, in July 2025.

FY26 revenue grew by £1.8 million or 45% to £6.0 million. This has been underpinned by strong performance in Asia where the award of two material orders totaling £2.7 million formed the bulk of the regional revenue. Our indirect sales strategy in Asia is based on a small number of strong regional partnerships, which we intend to strengthen further over time. The UK and Europe were weaker than FY25, despite strong performance in the Prisons market. Our core market in this region, Retail Distribution, declined due to broader economic conditions, coupled with the ongoing need to rebuild our direct sales capability and regional partnerships. The US grew modestly, due to strong performance from Aviation. Retail Distribution in the US was weaker than expected and we are addressing this with investment in our direct sales force which we expect to lead to a significant improvement in FY27.

Victoria Balchin, CEO, commented: "It's very pleasing to see a return to revenue growth as the steps we have taken to improve both our direct sales force and our partnerships start to take effect. Whilst work remains to be done, our new 81 Series product has been enthusiastically received and the benefits of deploying Thruvision are increasingly appreciated across our markets. Our challenge is now one of investing in our sales and marketing capability and this is the central focus of the team as we start our new year."

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