Transense Technologies Reports 33% Revenue Growth in FY25
Why we think this is very good
The trading update from Transense Technologies plc shows strong performance across key metrics. Total revenue increased by 33% year-over-year, with the company's core product lines, SAWsense and Translogik, demonstrating accelerating growth in the second half. Adjusted PBT also grew by 8%, in line with market expectations. The company appears to be executing well on its strategic plan, with positive momentum in its core businesses and a healthy pipeline of opportunities. While net cash declined slightly, the overall financial position remains solid. The valuation appears relatively high, but the robust operational performance offsets this concern. Overall, the trading update paints a very positive picture of Transense's progress.
Key Points
- Total revenue increased by 33% to £5.6m
- SAWsense revenue up 120% to £1.1m
- Translogik revenue up 18% to £1.3m
- Bridgestone iTrack royalty income up 19% to £3.1m
- Adjusted PBT expected to be £1.6m, up 8% on prior year
- Net cash of £1.1m at 30 June 2025
Summary
Transense Technologies plc, the provider of specialist sensor technology and measurement solutions, has reported a 33% increase in total revenue to £5.6m for the financial year ended 30 June 2025. This was driven by strong growth in the company's SAWsense (up 120%) and Translogik (up 18%) product lines, as well as a 19% increase in Bridgestone iTrack royalty income. Adjusted PBT for the year is expected to be approximately £1.6m, an increase of 8% on the prior year, in line with market expectations. The company ended the year with net cash of £1.1m and a fourth quarter royalty receivable of £0.8m. The directors are confident that both of the Company's operating businesses are well placed to deliver further growth in the upcoming financial year.