8th Sep 2026 13:32
(Alliance News) - Journeo PLC on Tuesday reported double-digit revenue and profit growth for its first half, and a significantly increased sales pipeline giving "a clear platform for growth".
The Leicestershire, England-based transport system services provider's statutory pretax profit totalled GBP3.0 million for the first six months of 2026, up from GBP2.7 million the year before.
Adjusted pretax profit rose 10% to GBP3.0 million from GBP2.8 million, while underlying profit increased by 16% to GBP3.0 million from GBP2.6 million.
Revenue jumped 53% to GBP37.6 million from GBP24.5 million. Journeo said this reflected organic growth and contributions from acquisitions.
"I am pleased to report another record first-half performance, with growth in both revenue and profit, reflecting continued progress across the group," Chief Executive Officer Russ Singleton commented.
Journeo's cash and equivalents as at June 30 totalled GBP12.6 million, down from GBP18.0 million one year prior, in light of the GBP10.7 million acquisition of Crime & Fire Defence Systems in September last year.
Looking ahead, in the mid-term future Journeo aims to surpass GBP150 million in annual revenue, "through a combination of organic growth and disciplined M&A".
As for the current year, the company "is on track to deliver another record set of full-year results, in line with market expectations". It highlighted its GBP200 million sales opportunity pipeline, up from GBP80 million at the same time last year.
"With a strong financial position and a GBP200 million sales opportunity pipeline, we have a clear platform for growth in attractive transport and critical infrastructure markets," Singleton said.
Shares in Journeo were down 1.1% at 540.13p on Tuesday afternoon in London.
By Emma Curzon, Alliance News reporter
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