UK's Quartix Technologies 2025 revenue rises 12%, ARR up 14%

Quartix Technologies

25/03/2026 07:09

Overview

UK vehicle tracking supplier's 2025 revenue grew 12% yr/yr

Adjusted EPS for 2025 rose 25% yr/yr

Annualised recurring revenue increased 14% to £37.0m

Outlook

Company plans continued investment in sales channels across six target markets in 2026

Quartix expects further substantial progress in 2026 but gives no specific financial guidance

Result Drivers

SUBSCRIPTION BASE EXPANSION - Co said accelerated growth in fleet subscription base and associated recurring revenue drove results

OPERATIONAL EFFICIENCY - Improved operational efficiency and cost reductions contributed to profit growth, per Executive Chairman Andy Walters

PRODUCT ENHANCEMENTS - Upsell programme involving new dashboard camera option made a significant contribution to ARR growth in the UK

Company press release: ID:nRSY9836Xa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Pretax Profit
GBP 8.70 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the phones & handheld devices peer group is "buy"

Wall Street's median 12-month price target for Quartix Technologies PLC is GBp350.00, about 65.1% above its March 24 closing price of GBp212.00

The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 20 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)