JOURNEO PLC - Interim results for the six months ended 30 June 2026

Journeo PLC’s latest investor update highlights a strong first-half performance, significant revenue growth and an expanding pipeline of opportunities across transport, transit networks and critical national infrastructure. Group revenue increased 53% year on year to £37.6 million, with organic revenue growth of 13%, while gross profit rose 57% to £14.5 million as gross margins improved by 1 percentage point. Adjusted profit before tax increased 10% to £3.0 million, supported by strong trading and continued investment in research and development. The Group remains operationally cash generative, with underlying cash increasing by £5.3 million year on year after adjusting for the £10.7 million acquisition of Crime & Fire. Journeo now has around 35,000 connected assets and supports approximately 2 million passenger journeys per day, expected to rise to 3 million following the Boston Mass Transit Authority contract win. Its three strategic divisions—Integrated Systems, Information Systems and Infrastructure Protection—provide a platform for organic growth and targeted M&A. Information Systems delivered particularly strong revenue growth of 40%, while Infrastructure Protection contributed £10.6 million of revenue following the Crime & Fire acquisition. Management is targeting approximately £80 million of revenue in FY2027 and has set a medium-term ambition to exceed £150 million of revenue with double-digit operating margins. Growth is expected to come through organic expansion, recurring software and maintenance revenues, AI-enabled solutions, consolidation and carefully targeted acquisitions across a substantial serviceable addressable market. With strong market drivers, an increasing sales pipeline and further contract opportunities across transport, airports, rail, utilities and defence, Journeo remains focused on scaling its technology platform and delivering sustainable long-term growth.