AGM Statement and Trading Update

596/2014 which is part of UK law by virtue of the European Union (withdrawal) Act 2018.

Transense Technologies plc

("Transense", the "Company" or the "Group")

AGM Statement and Trading Update

Transense Technologies plc ("Transense", the "Company" or the "Group"), a leading provider of specialist sensing solutions and measurement systems, today issues a trading update for the period since 1 July 2025 ahead of its Annual General Meeting at 12 noon.

Financial Performance

The Group's performance in the current financial year to date has been characterised by a strong performance at SAWsense, with revenues more than doubling compared to the prior year, and revenues at Translogik broadly in line with last year. The composite rate of growth in revenue excluding Bridgestone iTrack royalty was approximately 20% compared with the same four month period last year.

Overall, Group revenues for the period reflect the reduction in Bridgestone iTrack royalty income following the contractual 40% unit rate adjustment. To date, this reduction has been partially offset by increased installation volumes and a favourable US dollar exchange rate.

Gross margins are strong at over 85% of revenue. The Group remains profitable and is cash generative, supported by disciplined cost management.

Strategic and Commercial Progress

Transense is increasingly focused on high-value, high-growth sectors where its proprietary sensing technologies deliver unique advantages.

SAWsense adoption in aerospace and motorsport production applications continues to accelerate, and the pipeline of new projects in robotics and automotive electric propulsion systems is particularly strong. These areas represent significant long-term opportunities as global industries transition toward electrification, automation, and advanced performance control.

Collaborative development programs, supported by UK Government grant funding, are progressing well and are expected to partially underpin future revenue streams. The Company's technology is being integrated into next-generation platforms, positioning Transense as a critical enabler of innovation in these markets.

Translogik is also advancing its strategic roadmap, with new product launches such as the Smart Tyre Inflator (TLGi) in November and further enhancements planned for the second half of the year. While revenues from existing tyre major customers have yet to return to historic levels, new business conversion is accelerating, including agreements with another global tyre manufacturer and trials with fleet operators and service centres. These initiatives are expected to drive sustainable growth in the medium term.

Outlook

Current-year market expectations are predicated on revenue growth (excluding iTrack royalty) in excess of 50%. The Board considers that meeting this expectation in the full year remains achievable, and is confident that the Company's strong positioning in robotics, electric drives, and aerospace will deliver long-term growth and shareholder value. With a robust technology portfolio, expanding customer base, and healthy cash position, Transense continues to be well placed to capitalise on structural trends in electrification and automation.

Online access to the AGM

Shareholders that wish to attend the online AGM should register for the event in advance by using the following link: https://www.investormeetcompany.com/transense-technologies-plc/register

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Find out more at: https://www.transense.com/