Tracsis (TRCS): Tap Converter ticketing contract

This situation live

£94m · 315.0p · −2% since the first step

28 Apr 2026 · Implementation underway; first month of revenue · −2% since Deployment is expected to start in the second half of 2026

Project milestones

Tap Converter ticketing contract

Implementation underway; first month of revenue

Next: Full deployment, then recurring support and maintenance licence revenue

Every step · 3

20 Nov 2025 Development ongoing – Development work is ongoing with deployment to customers expected to start in 2026 ↗
25 Feb 2026 Implementation underway; full deployment expected FY27 – Implementation work is underway and will contribute project revenue that underpins the Board's expectations for FY26. ↗
28 Apr 2026 Implementation underway; first month of revenue – Deployment is expected to start in the second half of 2026 ↗

What is happening

Tracsis: Tap Converter ticketing contract – Implementation underway; first month of revenue. ['Implementation underway; first month of revenue']

Announced: 20 Nov 2025 · Development ongoing
Latest: 28 Apr 2026 · Development revenue ongoing; delivery progressing
What it changes: Confirms the recovery on plan: H1 revenue and EBITDA up in both divisions, FY26 expectations unchanged, UK rail headwinds persist. Group-wide restructuring (c.£1m cost) and the Irish renewal are new.

Full deployment, then recurring support and maintenance licence revenue.

Briefing Pro

What it does, how it got here, what management promised and delivered – written from its own announcements.

From the company's own announcements. Not investment advice.

Also at Tracsis 2 open