REG - Transense Technlgy - Trading Update

Transense TechnologiesAnnouncement

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RNS Number : 3858R  Transense Technologies PLC  17 July 2025

 

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.

 

 

17 July 2025

 

 

Transense Technologies plc

 

("Transense" or "the Company")

 

Year-end trading update

 

Transense Technologies plc, the provider of specialist sensor technology and
measurement solutions, is pleased to issue a trading update for its financial
year ended 30 June 2025 ("FY25") based on unaudited management information.
The Company is continuing its growth trajectory and delivering on its
strategic plan.

 

Financial highlights

 

Total revenue for the year increased by 33% to £5.6m (FY24: £4.2m), as
follows:

 

•  SAWsense revenue( 1&3 ) up 120% to £1.1m (FY24: £0.5m)

•  Translogik revenue up 18% to £1.3m (FY24: £1.1m)

•  Bridgestone iTrack royalty income( 3 ) up 19% to £3.1m (FY24: £2.6m)

 

SAWsense and Translogik combined revenue in the second half of the financial
year was up 67% on the first half (FY25H2: £1.5m, FY25H1: £0.9m),
demonstrating increasing traction and accelerating revenue growth within these
product lines.

 

Adjusted PBT( 2 ) for the year is expected to be approximately £1.6m; an
increase of 8% on prior year (FY24: £1.4m), in line with market expectations.

 

Net cash at 30 June 2025 was £1.1m (30 June 2024: £1.3m), with a fourth
quarter royalty receivable of approximately £0.8m( 3 ) (30 June 2024: £0.7m)
at the end of July.

 

Commercial and operational highlights

 

SAWsense

•  Deepening customer relationships in aerospace, motorsport and eDrives
sectors contributed to increased revenue

•  Development projects underway with two leading global companies and a
niche manufacturer in robotics

•  Healthy pipeline of opportunities from both existing and new customers
in focus markets

•  Investment in next generation components and in-house production
capabilities progressing on time and within budget

•  Further strengthening of operational, technical, and business
development teams to position the business for sustained expansion

 

Translogik

•  New customer relationships and routes to market delivered overall sales
growth, despite some headwinds in established premium commercial vehicle tyre
market

•  Established new distribution channels in the USA, Southeast Asia and
South America

•  Completed first software reseller agreement and closed initial contracts
under subscription business model

•  Reorganised business development activities to better align with future
growth plan

•  Development projects well underway for next generation product range and
opening of new market sectors

 

Bridgestone iTrack royalty income

•  Volume increase in installed base significantly ahead of expectation

•  Royalty growth constrained by weakening US dollar in H2, partially
mitigated by credit to opex from gains on FX hedging instruments

•  Planned 40% reduction in unit royalty rate applies from July 2025 as per
original agreement

 

Outlook and audited results

 

The directors are confident that both of the Company's operating businesses
are well placed to deliver further growth in the upcoming financial year, and
remain positive regarding future prospects.

 

Final audited results for the year ended 30 June 2025, together with a more
detailed update on trading and outlook, are expected to be announced towards
the end of September 2025.

 

Nigel Rogers, Executive Chairman commented:

 

"The increased traction within in our core product lines is demonstrated by
our accelerating revenue growth and shows that our strategy is delivering.
Going into the new financial year, we have strong pipeline giving management
confidence in meeting market expectations for FY26 and remain excited about
the opportunity to significantly scale the business over the coming years."

 

 1  SAWsense revenue includes grant income of £0.38m (FY24: £0.05m).

 2  Net Profit Before Taxation before deduction of Share Based Payments charge

 3  Bridgestone iTrack royalty income and year end receivable are based on
rates of foreign exchange prevailing at the year end.  Actual rates may
differ at the date of receipt.

 

 

For further information please visit www.transense.com or contact:

 Transense Technologies plc                                        Via Investor Relations

 Nigel Rogers (Executive Chairman)                                 (see below)

 Ryan Maughan (Managing Director)

 Melvyn Segal (Chief Financial Officer)
 Cavendish Capital Markets Limited (Nominated Adviser and Broker)  0207 220 0500

 Adrian Hadden / Callum Davidson (Corporate Finance)

 Jasper Berry (Sales)
 Investor Relations                                                Tel: +44 (0)1869 238380

 Anice McNamee                                                     Investor.relations@transense.co.uk

 

 

Notes to Editors:

 

Transense is headquartered in Oxfordshire, UK and its shares are traded on
AIM, a market operated by the London Stock Exchange (AIM: TRT). The Company
develops and supplies advanced sensor technology and measurement solutions
used by some of the world's leading companies to improve performance,
efficiency, and safety in demanding, mission critical applications. Transense
currently operates through two active business segments:

 

SAWsense - designs, supplies and licences advanced sensor solutions based on
proven, patent protected Surface Acoustic Wave (SAW) technology to world
leading companies in aerospace, automotive, and industrial machinery
(including robotics), enabling improved efficiency and performance of their
products. Key customers include GE Aerospace, Parker Meggitt, McLaren Applied,
Airbus and several other confidential Tier One automotive, aerospace and
industrial machinery suppliers.

 

Translogik - develops smart, connected commercial vehicle tyre inspection
equipment to many of the world's leading tyre suppliers, fleet operators and
service centres. Enabling accurate measurement and digital capture of
safety-critical tyre condition data, used to reduce operating costs, improve
safety and provide audit records for regulatory compliance. Key customers
include Bridgestone, Goodyear, Continental and Prometeon (Pirelli), and
leading independent providers of vehicle fleet maintenance management
software, and a growing list of international territory distribution partners.

 

In addition, Transense earns residual royalty income from Bridgestone iTrack -
a tyre monitoring system for off-highway vehicles that was developed by
Translogik. The associated sales, support and development infrastructure were
sold to Bridgestone Corporation, the world's largest tyre producer, in June
2020, and the intellectual property was licensed exclusively to Bridgestone
under a ten-year deal expiring in 2030.

 

 

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