REG - T42 IOT Tracking Sol - Trading Update

t42 IoT Tracking SolutionsAnnouncement

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RNS Number : 7368V  T42 IOT Tracking Solutions PLC  09 March 2026

t42 IoT Tracking Solutions plc

("t42" or the "Company")

 

Full-Year Trading Update and Notice of Final Results

 

Strong margin and revenue growth

 

Continued progression towards sustained profitability

 

T42 IoT Tracking Solutions plc (AIM: TRAC) ("t42" or the "Company"), a leading
provider of global shipping container tracking solutions, announces a trading
update for the year ended 31 December 2025 (the "Period").

 

Financial Highlights (unaudited)

Revenue for the Period increased significantly to over $6.1m (2024: $4.16m),
including a c.10% increase in SaaS revenues, highlighting strong trading
across all parts of the business. Gross margins grew to c.45% (2024: 38%),
reflecting the continued reduction of production costs and increased sales
from higher margin products, notably Lokies. The Company is pleased to report
an operating profit for the period of c.$0.4m, a substantial improvement on
the prior year (2024: operating loss of $0.9m), with the Company achieving
positive EBITDA of c.$1.05m (2024: EBITDA loss of $0.2m), reflecting the
Board's focus on progressing towards sustained profitability.

 

Operational Highlights

The Company's products and technology continue to attract interest worldwide,
with particular emphasis on the range of Lokies secure padlocks. Furthermore,
the Company's innovative technology and solutions continue to underpin growing
demand from a range of geographies and end customers, providing increasing
levels of visibility. Importantly the Company is well placed to benefit from
growing levels of pipeline conversion, SaaS revenues and long-term orders,
underpinning management's confidence in delivering significant shareholder
value.

 

Outlook

The Company is seeing the benefits of establishing long-term relationships
with customers globally. Given the global nature of the customer base and
location of manufacturing facilities, the Company foresees minimal impact from
the current turmoil in the Middle East and remains confident that its pipeline
and ability to service customers remain unaffected.

 

The strong momentum generated during the Period is expected to be reflected
further during the current year. Increased levels of commercialisation are
expected as the Company further develops both existing and new client
relationships.

 

Notice of Results

Audited accounts for the Period are expected to be published during April
2026, with the notice of Annual General Meeting expected shortly thereafter.

 

Contacts:

 t42 IoT Tracking Solutions PLC                                            Via Walbrook PR
 Michael Rosenberg, Chairman
 Avi Hartmann, CEO

 Strand Hanson Limited (Nominated Adviser, Financial Adviser and Broker)   +44 (0) 20 7409 3494
 James Harris/ Richard Johnson/ Imogen Ellis

 Walbrook PR Ltd (Media & Investor Relations)                              Tel: +44 (0)20 7933 8780 or t42@walbrookpr.com (mailto:t42@walbrookpr.com)
 Nick Rome / Marcus Ulker

 

Notes to Editors

t42 IoT Tracking Solutions plc (AIM: TRAC), formerly Starcom Systems plc,
provides real-time tracking, analysis, monitoring, and security IoT solutions
for the global container and freight market and covers 55 countries, over 100
distributors, and 50 logistics and support partners.

 

t42's multi-sensor IoT tracking devices use a wide range of detection
capabilities with cloud-based analytics and alerts, with real-time data
transmission, analysis, and actionable insights. Its devices are used by
ports, cargo owners, shipping companies, freight forwarders, insurance
companies, customs authorities, homeland security, and police for end-to-end
global container tracking and digital transformation of shipments.

 

For more information on the Company, please visit: www.t42.co.uk/
(http://www.t42.co.uk/) .

 

The information contained within this announcement is deemed by the Company to
constitute inside information pursuant to article 7 of EU Regulation 596/2014
as it forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 as amended.

 

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