REG - Quartix Technologies - FRC Review, Accounting Policy & Notice of Results

Quartix TechnologiesAnnouncement

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RNS Number : 4855S  Quartix Technologies PLC  11 February 2026

This announcement contains inside information for the purposes of Article 7 of
EU Regulation 596/2014 as retained as part of UK law by virtue of the European
Union (Withdrawal) Act 2018 as amended.

 

Quartix Technologies plc

 

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

 

 

Update on FRC Review, Accounting Policy and Results Timetable

 

Further to the Trading Statement ("the Statement") issued on 8 January 2026,
Quartix confirms that the Financial Reporting Council ("FRC") has concluded
its review of the Company's accounting treatment for tracking systems and
associated costs.

Subject to the FRC's review of draft disclosures, the FRC and Quartix have
agreed that the Company's tracking systems should be classified as property,
plant and equipment ("PPE") under IAS 16. This will result in a change in
accounting policy and a prior period adjustment relating to the provision for
replacement units in France and the USA. As noted in the Statement, under the
previous accounting policy, profit for the year ended 31 December 2025 ("the
Period") would have been ahead of market expectations*. We can now confirm
that the revised accounting policy is expected to result in a moderate
increase in reported profit.

 

Given the additional work required to finalise these adjustments and related
disclosures, the Company's financial results for the Period are expected to
be released by the end of March.

 

*Note: market expectations for the Company's results for the period, prior to
this announcement, are understood to be: Revenue: £36.4m, Profit before Tax:
£7.4m and FCF: £5.1m"

 

 

 For further information, please contact:

 Quartix (www.quartix.com/en-gb (http://www.quartix.com/en-gb) )     01686 806 663

 Andy Walters, Executive Chairman

 Sally Morton, Company Secretary and Finance Director

 Cavendish Capital Markets Limited (Nominated Adviser and Broker)    020 7220 0500

 Matt Goode / Seamus Fricker (Corporate Finance)

 Sunila de Silva (Corporate Broking)

 

 

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