Tracsis

TRCS · AIM · Technology · mcap £97m · 325.0p

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Financials · LTM to 31 Jan 26

Source: results 28 Apr 26 ↗

Revenue: £84.5m
Operating profit: £2.0m
Net income: £981k
Free cash flow: £8.3m
Net cash: £25.8m
Market cap: £96.9m
EV / EBIT: 35.4×
FCF yield: +8.5%
Price / book: 1.5×

Latest half-year · H1 Jan 26 vs H1 Jan 25 results 28 Apr 26 ↗

Revenue: £38.9m
Operating profit: −£77k
Net income: £4k
Cash from operations: £3.9m

Extracted automatically from the company's results announcements; check the source before relying on a figure. Not investment advice.

Key figures As reported

Income statement Balance sheet Cash flow

Annual Half-yearly

Standardised line items in £m, comparable across companies; when a later report restated a period, the later figure is shown and marked ^r (hover for the figure first reported). Italic = calculated (LTM, H2 = FY − H1); a year of other than 12 months is marked (15m). Hover a value for its source.

Latest report: H1 Jan 26 (six months to 31 Jan 26), published 28 Apr 26 · read the results ↗

Source ↗

	Unaudited six months ended 31 January 2026 £000	Unaudited six months ended 31 January 2025 £000	Audited year ended 31 July 2025 £000
Revenue	38,931	36,308	81,890
Cost of sales	(16,332)	(15,863)	(34,508)
Gross profit	22,599	20,445	47,382
Administrative costs	(22,676)	(21,526)	(46,372)
Adjusted EBITDA*	4,996	3,801	12,574
Depreciation	(1,144)	(1,141)	(2,488)
Amortisation of intangible assets	(2,613)	(2,744)	(5,926)
Other operating expense	-	-	(357)
Share-based payment charges	(214)	(276)	(432)
Operating profit / (loss) before exceptional items	1,025	(360)	3,371
Exceptional items	(1,102)	(721)	(2,361)
Operating (loss) / profit	(77)	(1,081)	1,010
Net finance income	106	339	578
Profit / (loss) before tax	29	(742)	1,588
Taxation	(25)	285	(1,068)
Profit / (loss) after tax	4	(457)	520
Other comprehensive (expense) / income
Items that are or may be reclassified subsequently to profit or loss
Foreign currency translation differences	(261)	433	(356)
Total comprehensive (expense) / income for the period	(257)	(24)	164
Earnings per ordinary share
Basic	0.01p	(1.51p)	1.72p
Diluted	0.01p	(1.51p)	1.69p

Source ↗

	Unaudited at 31 January 2026 £000	Unaudited at 31 January 2025 £000	Audited at 31 July 2025 £000
Non-current assets
Property, plant and equipment	6,175	4,104	5,326
Intangible assets	45,235	50,529	47,503
Deferred tax assets	2,059	1,669	1,869
Total non-current assets	53,469	56,302	54,698
Current assets
Inventories	805	1,650	1,156
Trade and other receivables	15,021	13,479	18,688
Current tax receivables	-	663	40
Cash and cash equivalents	25,802	22,086	23,389
Total current assets	41,628	37,878	43,273
Total assets	95,097	94,180	97,971
Non-current liabilities
Lease liabilities	2,947	494	1,851
Deferred tax liabilities	5,689	6,416	6,264
Total non-current liabilities	8,636	6,910	8,115
Current liabilities
Lease liabilities	1,014	720	792
Trade and other payables	19,657	18,362	22,945
Provisions	659	-	664
Contingent consideration payable	159	154	158
Current tax liabilities	425	-	290
Total current liabilities	21,914	19,236	24,849
Total liabilities	30,550	26,146	32,964
Net assets	64,547	68,034	65,007
Equity attributable to equity holders of the Company
Share capital	119	122	119
Share premium	6,535	6,542	6,535
Merger reserve	6,161	6,161	6,161
Retained earnings	52,561	54,991	52,760
Capital redemption reserve	3	-	3
Translation reserve	(782)	268	(521)
Fair value reserve	(50)	(50)	(50)
Total equity	64,547	68,034	65,007
	£000	£000	£000
At 1 August 2024	(165)	(50)	68,169
Loss for the period	-	-	(457)
Other comprehensive income	433	-	433
Total comprehensive loss	433	-	(24)

Source ↗

	Unaudited six months ended 31 January 2026 £000	Unaudited six months ended 31 January 2025* £000	Audited year ended 31 July 2025 £000
Operating activities
Profit / (loss) for the period	4	(457)	520
Net finance income	(106)	(339)	(578)
Depreciation	1,144	1,141	2,488
Amortisation of intangible assets	2,613	2,744	5,926
Exceptional items	1,102	721	2,361
Exceptional operating cash flows	(1,113)	(1,030)	(1,445)
Profit on disposal of property, plant and equipment	(25)	-	(4)
Loss on disposal of internally generated intangible assets	-	-	85
Other operating expense	-	-	357
Income tax charge / (credit)	25	(285)	1,068
Share-based payment charges	214	276	432
Net exchange differences	12	-	7
Operating cash inflow before changes in working capital	3,870	2,771	11,217
Movement in inventories	352	(135)	(13)
Movement in trade and other receivables	3,628	8,265	3,610
Movement in trade and other payables	(3,649)	(7,279)	(2,778)
Movement in provisions	-	-	(195)
Cash generated from operations	4,201	3,622	11,841
Interest received	335	262	581
Interest paid	(86)	-	-
Income taxes paid	(574)	(245)	(1,590)
Net cash flow from operating activities	3,876	3,639	10,832
Investing activities
Purchase of property, plant and equipment	(118)	(253)	(671)
Proceeds from disposal of property, plant and equipment	25	-	36
Capitalised development costs	(492)	(395)	(835)
Purchase of intangible assets	(131)	-	(312)
Net cash flow used in investing activities	(716)	(648)	(1,782)
Financing activities
Dividends paid	-	-	(759)
Proceeds from exercise of share options	-	8	1
Payment for ordinary shares bought back	-	-	(2,985)
Share buy-back transaction costs	-	-	(15)
Debt facility transaction costs	(97)	-	(323)
Lease liability payments	(653)	(684)	(1,380)
Net cash flow used in financing activities	(750)	(676)	(5,461)
Net increase in cash and cash equivalents	2,410	2,315	3,589
Exchange adjustments	3	(2)	27
Cash and cash equivalents at the beginning of the period	23,389	19,773	19,773
Cash and cash equivalents at the end of the period	25,802	22,086	23,389

Source ↗

	2025 £000	2024 £000
Revenue 3a	81,890	81,022
Cost of sales	(34,508)	(35,009)
Gross profit	47,382	46,013
Administrative costs	(46,372)	(45,046)
Adjusted EBITDA* 3b, 10	12,574	12,759
Depreciation	(2,488)	(2,371)
Amortisation of intangible assets	(5,926)	(5,526)
Other operating (expense)/income	(357)	7
Share-based payment charges	(432)	(899)
Operating profit before exceptional items	3,371	3,970
Exceptional items	(2,361)	(3,003)
Operating profit	1,010	967
Net finance income	578	28
Profit before tax 3b	1,588	995
Taxation	(1,068)	(507)
Profit after tax	520	488
Other comprehensive expense
Items that are or may be reclassified subsequently to profit or loss
Foreign currency translation differences	(356)	(295)
Total comprehensive income for the year	164	193
Earnings per ordinary share
Basic	1.72p	1.62p
Diluted	1.69p	1.59p

Source ↗

	2025 £000	2024 £000
Non-current assets
Property, plant and equipment	5,326	4,992
Intangible assets	47,503	52,610
Investments - equity	-	-
Deferred tax assets	1,869	1,376
Total non-current assets	54,698	58,978
Current assets
Inventories	1,156	1,512
Trade and other receivables	18,688	21,536
Current tax receivables	40	1,011
Cash and cash equivalents	23,389	19,773
Total current assets	43,273	43,832
Total assets	97,971	102,810
Non-current liabilities
Lease liabilities	1,851	737
Deferred tax liabilities	6,264	7,132
Total non-current liabilities	8,115	7,869
Current liabilities
Lease liabilities	792	1,123
Trade and other payables	22,945	25,498
Provisions	664	-
Contingent consideration payable	158	151
Current tax liabilities	290	-
Total current liabilities	24,849	26,772
Total liabilities	32,964	34,641
Net assets	65,007	68,169
Equity attributable to equity holders of the Company
Called up share capital	119	121
Share premium	6,535	6,535
Merger reserve	6,161	6,161
Retained earnings	52,760	55,567
Capital redemption reserve	3	-
Translation reserve	(521)	(165)
Fair value reserve	(50)	(50)
Total equity	65,007	68,169

Source ↗

	2025 £000	2024* £000
Operating activities
Profit for the year	520	488
Net finance income	(578)	(28)
Depreciation	2,488	2,371
Amortisation of intangible assets	5,926	5,526
Exceptional items	2,361	3,003
Exceptional operating cash flows	(1,445)	(2,283)
Profit on disposal of property, plant and equipment	(4)	(15)
Loss on disposal of internally generated intangible assets	85	-
Other operating income	357	(7)
Income tax charge	1,068	507
Share-based payment charges	432	899
Net exchange differences	7	-
Operating cash inflow before changes in working capital	11,217	10,461
Movement in inventories	(13)	(48)
Movement in trade and other receivables	3,610	(2,394)
Movement in trade and other payables	(2,778)	1,962
Movement in provisions	(195)	-
Cash generated from operations	11,841	9,981
Interest received	581	171
Income taxes paid	(1,590)	(1,652)
Net cash flow from operating activities	10,832	8,500
Investing activities
Purchase of property, plant and equipment	(671)	(1,487)
Proceeds from disposal of property, plant and equipment	36	241
Capitalised development costs	(835)	(462)
Purchase of intangible assets	(312)	-
Payment of deferred consideration	-	(315)
Net cash flow used in investing activities	(1,782)	(2,023)
Financing activities
Dividends paid	(759)	(695)
Proceeds from exercise of share options	1	1
Payments for ordinary shares bought back	(2,985)	-
Share buy-back transaction costs	(15)	-
Debt facility transaction costs	(323)	-
Lease liability payments	(1,380)	(1,441)
Lease receivable receipts	-	32
Net cash flow used in financing activities	(5,461)	(2,103)
Net increase in cash and cash equivalents	3,589	4,374
Exchange adjustments	27	92
Cash and cash equivalents at the beginning of the year	19,773	15,307
Cash and cash equivalents at the end of the year	23,389	19,773

	LTM Jan 26	FY Jul 25	FY Jul 24
Revenue to operating profit
Revenue	84.5	81.9	81.0
Gross profit	49.5	47.4	46.0
Adjusted EBITDA	13.8	12.6	12.8
Adjusted operating profit	4.8	3.4	4.0
Exceptional / adjusting items	(2.7)	(2.4)	(3.0)
Operating profit	2.0	1.0	1.0
Depreciation (owned assets)	(2.5)	(2.5)	–
Amortisation	(5.8)	(5.9)	(5.5)
Share-based payments	0.4	0.4^r	(0.9)
Operating profit to net income
Profit before tax	2.4	1.6	1.0
Tax	(1.4)	(1.1)	(0.5)
Net income (owners)	1.0	0.5	0.5
Per share
EPS basic	3.2p	1.7p	1.6p
EPS diluted	3.2p	1.7p	1.6p
Dividend per share	2.7p	2.6p	2.4p

	H1 Jan 26	vs H1 Jan 25	H2 Jul 25	H1 Jan 25
Revenue to operating profit
Revenue	38.9	+7%	45.6	36.3
Gross profit	22.6	+11%	26.9	20.4
Adjusted EBITDA	5.0	+31%	8.8	3.8
Adjusted operating profit	1.0	n/m	3.7	(0.4)
Exceptional / adjusting items	(1.1)	+53%	(1.6)	(0.7)
Operating profit	(0.1)	n/m	2.1	(1.1)
Depreciation (owned assets)	(1.1)	0%	(1.3)	(1.1)
Amortisation	(2.6)	−5%	(3.2)	(2.7)
Share-based payments	0.2	−22%	0.2	0.3
Operating profit to net income
Profit before tax	0.0	n/m	2.3	(0.7)
Tax	(0.0)	n/m	(1.4)	0.3
Net income (owners)	0.0	n/m	1.0	(0.5)
Per share
EPS basic	0.0p	–	3.2p	(1.5p)
EPS diluted	0.0p	–	3.2p	(1.5p)
Dividend per share	1.3p	–	1.4p	1.2p

	LTM Jan 26	FY Jul 25	FY Jul 24
Operating activities
Cash from operations	11.1	10.8	8.5
Tax paid	(1.9)	(1.6)	(1.7)
Investing activities
Capex (PP&E)	(0.5)	(0.7)	(1.5)
Capex (intangibles)	(0.9)	(0.8)	(0.5)
Financing activities
Lease principal paid	(1.3)	(1.4)	(1.4)
Dividends paid	(0.8)	(0.8)	(0.7)
Share buybacks	–	(3.0)	–
Shares issued	–	0.0	0.0

	H1 Jan 26	vs H1 Jan 25	H2 Jul 25	H1 Jan 25
Operating activities
Cash from operations	3.9	+7%	7.2	3.6
Interest paid	(0.1)	–	–	–
Tax paid	(0.6)	+134%	(1.3)	(0.2)
Investing activities
Capex (PP&E)	(0.1)	−53%	(0.4)	(0.3)
Capex (intangibles)	(0.5)	+25%	(0.4)	(0.4)
Financing activities
Lease principal paid	(0.7)	−5%	(0.7)	(0.7)
Dividends paid	0.0	n/m	(0.8)	0.0
Shares issued	–	–	(0.0)	0.0

	31 Jan 26	31 Jul 25	31 Jul 24
Non-current assets
Goodwill	45.2	47.5	–
Other intangibles	45.2	47.5	52.6
Property, plant & equipment	6.2	5.3	5.0
Non-current assets	53.5	54.7	59.0
Current assets
Inventories	0.8	1.2	1.5
Trade receivables	15.0	18.7	21.5
Cash	25.8	23.4	19.8
Current assets	41.6	43.3	43.8
Total assets	95.1	98.0	102.8
Current liabilities
Trade payables	19.7	22.9	25.5
Lease liabilities, current	1.0	0.8	1.1
Current liabilities	21.9	24.8	26.8
Non-current liabilities
Lease liabilities, non-current	2.9	1.9	0.7
Deferred consideration	0.2	0.2	0.2
Non-current liabilities	8.6	8.1	7.9
Total liabilities	30.6	33.0	34.6
Equity
Total equity	64.5	65.0	68.2

	31 Jan 26	31 Jul 25	31 Jan 25	31 Jul 24
Non-current assets
Goodwill	45.2	47.5	50.5	–
Other intangibles	45.2	47.5	50.5	52.6
Property, plant & equipment	6.2	5.3	4.1	5.0
Non-current assets	53.5	54.7	56.3	59.0
Current assets
Inventories	0.8	1.2	1.6	1.5
Trade receivables	15.0	18.7	13.5	21.5
Cash	25.8	23.4	22.1	19.8
Current assets	41.6	43.3	37.9	43.8
Total assets	95.1	98.0	94.2	102.8
Current liabilities
Trade payables	19.7	22.9	18.4	25.5
Lease liabilities, current	1.0	0.8	0.7	1.1
Current liabilities	21.9	24.8	19.2	26.8
Non-current liabilities
Lease liabilities, non-current	2.9	1.9	0.5	0.7
Deferred consideration	0.2	0.2	0.2	0.2
Non-current liabilities	8.6	8.1	6.9	7.9
Total liabilities	30.6	33.0	26.1	34.6
Equity
Total equity	64.5	65.0	68.0	68.2

Read automatically from each results announcement. Check the source before relying on a figure.

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Company filings. Not investment advice.