Tracsis says first half in line as it announces new American contract

(Alliance News) - Tracsis PLC on Wednesday said it will report results in line with expectations for the first half of the financial year, and that it signed a new multi-year contract for the deployment of its train dispatch software in North America.

The Leeds, England-based rail software company expects about GBP39 million in revenue for the first half of the 2026 financial year, up 7.4% from GBP36.3 million a year prior, and adjusted earnings before interest, tax, depreciation, and amortisation of about GBP5 million, up almost 32% from GBP3.8 million year-on-year.

The company also highlighted revenue and margin growth in both of its two divisions thanks to good recurring licence and consumer-driven transactional revenues performance.

Tracsis shares were up 10.2% to 352.50 pence each on Wednesday afternoon in London.

Additionally, Tracsis disclosed a new contract with a shortline freight railroad in North America for its train dispatch software. The multi-year deal is in the implementation stage, with full deployment expected in the 2027 financial year, following which the company will keep receiving recurring support and maintenance licence revenue.

Tracsis maintained its full-year outlook, saying the phasing of its revenue is consistent with historical trends.

Chief Executive Officer David Frost said: "The Group delivered a first half performance in line with our expectations, showing a significant improvement over H1 FY25...The new contract win in North America is an important strategic milestone. Tracsis's train dispatch product has been operating successfully since its first deployment in September 2024 and this win, with a different type of operator, provides further validation of the product and addressable demand in the North American market."

"Tracsis remains well placed to benefit from long-term structural trends in our end markets. The Railways Bill introduced in November 2025…provides further confidence that our portfolio aligns with the future of the sector", he added.

The company remains focused on "executing our growth transformation strategy, prioritising growth in higher-margin software licence and transactional revenues".

By Martin Miraglia, Alliance News reporter

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