UK's Thruvision FY26 revenue rises on strong Asian demand
UK's Thruvision FY26 revenue rises on strong Asian demand
Overview
UK security technology firm's FY26 revenue rose 45%, driven by strong Asian orders
Adjusted EBITDA loss narrowed to £2.5 mln, helped by £1.0 mln reduction in overheads
Adjusted gross margin fell to 33.9% due to discounting of legacy equipment sales
Outlook
Thruvision expects FY27 to deliver further strong growth
Company anticipates a mix of large project wins and growth in smaller contract awards
Initial cost savings from build-cost reduction project expected in FY27
Result Drivers
ASIAN ORDERS - Revenue growth was mainly driven by two large orders in Asia, which formed the bulk of regional revenue
DISCOUNTING LEGACY EQUIPMENT - Adjusted gross margin declined due to discounting of legacy equipment sales
COST CONTROL - Overheads were reduced by 19%, helping narrow the adjusted EBITDA loss
Company press release: ID:nRSZ8464Ja
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
FY Adjusted EBITDA |
| -GBP 2.50 mln |
|
FY Gross Margin |
| 24.60% |
|
FY Adjusted Gross Margin |
| 33.90% |
|
FY Adjusted Gross Profit |
| GBP 2 mln |
|
FY Gross Profit |
| GBP 1.50 mln |
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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.)