TRANSENSE TECHNOLOGIES PLC - Trading Update

Transense Technologies PLC provided an investor update outlining mixed financial results while reaffirming confidence in its long term growth strategy. Revenue is expected to reach around 90% of previous guidance, with adjusted EBITDA at approximately 80% and adjusted profit before tax around break even, reflecting weaker demand from major tyre customers and slower conversion of development projects into paid programmes. Despite these challenges, the company reported strong progress across its SawSense and Translogik businesses, including growth in new customer acquisition, expansion of its order pipeline, successful pilot production capabilities, and continued momentum in aerospace, motorsport, robotics, and industrial markets. Management highlighted a healthy cash position, disciplined cost control, and a focus on maintaining cash headroom while avoiding equity dilution. The board expects increased contract announcements ahead of the full year financial results and remains confident that its investment in technology, product development, and commercial execution will support future revenue growth, improved margins, stronger EBITDA performance, and long term shareholder value.