REG - Transense Technlgy - Trading update and notice of interim results

Transense TechnologiesAnnouncement

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RNS Number : 9907Q  Transense Technologies PLC  30 January 2026

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inside information as stipulated under the Market Abuse Regulations (EU) No.
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30 January 2026

 

Transense Technologies plc

("Transense" or the "Company")

 

Trading update and notice of interim results

Transense Technologies Plc (AIM: TRT), the provider of specialist sensing
solutions and measurement systems, announces a trading update for the six
months ended 31 December 2025 and updates on the outlook for the full
financial year ending 30 June 2026 ("FY26").

Financial performance

Whilst both core trading divisions, SAWsense and Translogik continue to
demonstrate increasing revenues, the pace of growth is below market
expectations, primarily due to delays in customer on-boarding from their
respective pipelines of new business. In addition, expected royalty income
from Bridgestone iTrack is now considered likely to be approximately 10% lower
than previously expected.

 Accordingly, the Company now expects that Group revenue for FY26 will be not
less than £5.2m, including approximately £2.0m of royalty income. Revenues
from the two operating businesses are expected to show composite growth of not
less 30% for FY26. Whilst gross margins have been maintained, the impact of
these lower levels of revenue than previously anticipated mean that
profitability for FY26 is expected to be materially below current market
expectations.

The Company was profitable and cash generative in the first half of the
year.  The most recent trading update announced in November 2025 included
confirmation that composite revenue growth (excluding Bridgestone iTrack
royalty income) in the first four months of the financial year was
approximately 20% compared with the prior year.  The Directors now report
that revenue growth has subsequently improved such that the equivalent
composite growth rate in the first half of the financial year was 38%.

Royalty income from Bridgestone iTrack in the first half of the year was
approximately 35% below the prior year equivalent, reflecting the 40%
reduction in unit rates.  The mitigating effect of volume growth was slightly
below the expected rate, and average US Dollar conversion rate was
approximately 5% adverse to prior period.

The available cash balance at 31 December 2025 stood at £1.33m (30 June 2025:
 £1.14m) and net cash after taking account of asset-backed financing was
£0.92m.

 

SAWsense

Revenue growth from SAWsense has exceeded 70% in the first half, from both new
and existing customers.  On-boarding of new customers is generally
progressing well, however this process can be time consuming in agreement of
technical scope, commercial terms and allocating financial budgets.  There is
currently elevated reluctance to make new commitments, often due to prevailing
volatile geopolitical and economic considerations.  Management remain
confident of continuing new business conversion in coming months, and
progression to production volumes thereafter.

Translogik

Revenue growth from Translogik was 13% in the first half of the year, despite
subdued demand from major tyre producers, and closed on an upward trend in the
final two months of the period that was maintained into January.  There has
been close focus on building a pipeline of new business which has increased
substantially throughout the year.  There are several individually
significant partnering opportunities that are expected to expand the range of
products and services, increase geographical spread and penetration, and
deliver step increases to revenue in coming months.

Commenting on the trading update, Nigel Rogers, Executive Chairman, said,

"Naturally I am disappointed that a general slowdown in new business
conversion has caused us to re-evaluate the outturn for the current year, and
to take a more prudent view of the period of time required to meet the
trajectory previously anticipated.  Notwithstanding this caution, the board
remains confident that both SAWsense and Translogik are progressing well and
will deliver sustainable growth in future."

Notice of Interim results and Investor presentation

Transense expects to announce Interim results for the Period on Tuesday 17
February 2026.

Nigel Rogers (Executive Chairman), Ryan Maughan (Managing Director) and Melvyn
Segal (Chief Financial Officer) will provide a live presentation relating to
the Interim Results via Investor Meet Company on 17 February 2026 at 4pm GMT.

The presentation is open to all existing and potential shareholders. Questions
can be submitted pre-event via your Investor Meet Company dashboard up until
18 February 2026, 09:00 GMT, or at any time during the live presentation.

Investors can sign up to Investor Meet Company for free and add to meet
Transense via:

https://www.investormeetcompany.com/transense-technologies-plc/register-investor
(https://eur01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.investormeetcompany.com%2Ftransense-technologies-plc%2Fregister-investor&data=05%7C02%7Cnigel.rogers%40transense.co.uk%7C52fcadd6dcae4adf9c8e08dd374085cd%7Cea618bf6e2574581814621766335df4b%7C0%7C0%7C638727472454141442%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=m4w%2FW%2FlpPYXoXTt9jlBF0MCVq1w%2Fc0mA9sOO3BvmPPQ%3D&reserved=0)

Investors who already follow the Company on the Investor Meet Company platform
will automatically be invited.

 

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 Market Limited (Nominated Adviser and Broker)

 Adrian Hadden / Callum Davidson (Corporate Finance)

 Jasper Berry (Sales)
 Investor Relations                                               Tel: +44 (0)1869 238380 investor.relations@transense.co.uk

                                                                (mailto:investor.relations@transense.co.uk)
 Anice McNamee

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.

 

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.

 

Find out more at: https://www.transense.com/ (https://www.transense.com/)

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