Trading update

Journeo PLC

28 July 2026

 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the UK version of the EU Market Abuse Regulation (2014/596) which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended and supplemented from time to time.

28 July 2026

Journeo plc

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

Trading update

Journeo plc (AIM: JNEO), a leading provider of intelligent systems for transport networks and critical national infrastructure, announces a trading update for the six months ended 30 June 2026 ("H1 2026"), and current outlook confirming trading in line with expectations.

Financial Highlights

·    Group revenues increased by 53% to £37.6m (H1 2025: £24.5m)

·    Adjusted profit before tax increased by 10% to £3.0m (H1 2025: £2.8m)

·    Cash balance decreased to £12.6m (H1 2025: £18.0m)

·    Sales opportunity pipeline increased substantially to £200m (H1 2025: £80m)

·    Sales order intake increased by 3% to £31m (H1 2025: £30m) providing increased visibility into H2 2026 and beyond

Journeo had a strong H1 2025 with total Group revenue increasing by 53% to £37.6m (H1 2025: £24.5m). Adjusted Profit before tax increased by 10% to £3.0m (H1 2025: £2.8m).

Cash balance at 30 June 2026 was £12.6m (H1 2025: £18.0m), following payment of £10.7m cash consideration for the acquisition of Crime and Fire Defence Systems in September 2025. The Company's invoice discounting facility of £2.75m was unutilised during the period.

Outlook

Revenue for the full year is expected to be marginally ahead of current market expectations, with adjusted profit before tax remaining in line with market expectations. *

Russ Singleton, Chief Executive, commented:

"The Group has delivered record first-half revenue, driven by strong organic growth and complemented by the contribution from our recently acquired Crime and Fire Defence Systems business. The acquisition demonstrates the strategic benefits of expanding our total addressable market through targeted acquisitions. Order intake in the first half, together with a substantially strengthened sales opportunity pipeline, positions the Group well for the second half of the year and beyond".

*FY26 market expectations are revenue of £72m and adjusted profit before tax of £7.4m

A digital copy of this announcement will be available on the Group's website: www.journeo.com.

For further information, please contact:

Journeo plc Russ Singleton/Nick Lowe	[phone]
Cavendish Capital Markets Limited - Nominated Adviser and Broker Callum Davidson/Isaac Hooper	[phone]

Notes to editors:

Journeo plc is a leading Intelligent Systems provider, delivering sustainable solutions in towns, cities, airports, and the public transport networks that connect them while safeguarding critical infrastructure and high-security environments with advanced access control, intrusion detection, and surveillance technologies.

Through the Group's six operating companies, it addresses three key market segments:

·    Integrated services: The design, delivery and maintenance of complex solutions to the on-vehicle transportation market, including advanced CCTV video surveillance to improve passenger and driver safety, telematics for vehicle and driver performance monitoring, real-time communications for remote condition monitoring and automatic passenger counting, underpinned by the Group's SaaS solutions.

·    Information systems: The design, manufacture installation and support of passenger information display solutions for bus and rail applications at key stations, interchanges and the transport networks that connect them.  Solutions are managed through powerful content management systems.

·    Infrastructure protection: Advanced solutions for the protection of Critical National Infrastructure sites including utilities, defence and high security industrial and commercial applications.

In the last four years, the Company has invested over £8 million in research and development, enabling it to design and supply powerful innovative solutions for customers' complex requirements. With an Internet of Things ("IoT") approach and open standards, together with field-proven and reliable engineering, Journeo is able to offer flexible, scalable products and services that can integrate with existing technology while preparing for future advancements.

 

END