REG - Thruvision Group PLC - AGM Statement and Trading Update

ThruvisionAnnouncement

Thu 07:00

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RNS Number : 4686E  Thruvision Group PLC  23 October 2025

23 October 2025

Thruvision Group plc

 

AGM statement and trading update

 

Thruvision Group plc (AIM: THRU), a leading provider of walk-through security
technology ("Thruvision" or the "Company" and, together with its subsidiary
undertakings, the "Group"), announces that at the Company's Annual General
Meeting, being held later today, Tom Black, Chairman, will provide the
following update on trading for the six months ended 30 September 2025 ("H1
2026").

"Revenue for H1 2026 increased by 36% to £2.6 million (H1 2025: £1.9
million), with approximately £1.6 million derived from the Entrance market,
which includes prisons, and £1.0 million from Retail Distribution sales. The
Entrance market revenue included a previously announced contract for 20
systems in excess of £1 million from a new government customer in Asia. There
was no significant revenue from the Customs or Aviation markets during H1
2026, although there is active customer engagement in both of these markets
which we are hopeful will lead to sales in H2 2026.

"The business experienced a slow-down in sales closures in the second quarter,
as previously reported,  although sales activity remains high and several
high-value opportunities are currently being pursued across our target
markets.

"During the period, we have broadened our reach with additions to our reseller
network. We have also successfully completed testing under the UK Government
National Protective Security Authority's Threat Detection Systems Test Method.

"At 30 September 2025, cash was £2.1 million (31 March 2025: £0.4 million)
with inventory of £3.7 million (31 March 2025: £5.2 million)."

 

For further information please contact:

 

 Thruvision Group                                                              +44 (0)1235 425400
 plc

 Tom Black, Executive Chairman

 Victoria Balchin, Chief Executive Officer and Chief Financial Officer

 Allenby Capital Limited (NOMAD & Broker)                                      +44 (0)20 3328 5656

 James Reeve / Piers Shimwell (Corporate Finance)

 Jos Pinnington / Amrit Nahal (Sales)

 

About Thruvision (www.thruvision.com)

Thruvision is a leading developer, manufacturer and supplier of walk-through
security technology. Its technology is deployed in more than 30 countries
around the world by government and commercial organisations in a wide range of
security situations, where large numbers of people need to be screened
quickly, safely and efficiently. Thruvision's patented technology is uniquely
capable of detecting concealed objects in real time using an advanced AI-based
detection algorithm. The Group has offices and manufacturing capability in the
UK and US.

Important information

This announcement may include statements that are, or may be deemed to be,
"forward-looking statements" (including words such as "believe", "expect",
"estimate", "intend", "anticipate" and words of similar meaning). By their
nature, forward-looking statements involve risk and uncertainty since they
relate to future events and circumstances, and actual results may, and often
do, differ materially from any forward-looking statements. Any forward-looking
statements in this announcement reflect management's view with respect to
future events as at the date of this announcement. Save as required by
applicable law, the Company undertakes no obligation to publicly revise any
forward-looking statements in this announcement, whether following any change
in its expectations or to reflect events or circumstances after the date of
this announcement.

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