Thruvision Group Plc · LSE:THRU
Thruvision — H1 FY2026 Earnings Presentation
13 slides from Thruvision's earnings presentation, Nov 25, 2025
Slide 1: FY26 Results for the 6 months to 30 September 2025
FY26 Results for the 6 months to 30 September 2025 25 November 2025
Slide 2: Headlines
Headlines Revenue grew despite UK Retail Distribution weakness Revenue up 36% – £2.6 million (H1 2025: £1.9 million) including Material order in Asia. Retail Distribution – £1.0 million revenue (H1 2025: £1.6 million). Customs/Entrance – £1.6 million revenue (H1 2025: £0.3 million) principally inclu
Slide 3: Top line performance
Top line performance Revenue by market sector Revenue by geography 3.5 3.5 +36% 0.8 +36% 2.8 2.6 2.8 2.6 2.0 0.0 0.2 1.0 0.4 0.8 1.9 1.0 1.9 1.7 0.1 0.0 0.5 0.0 0.8 1.6 2.0 1.7 1.6 1.8 0.0 1.3 1.0 0.8 0.0 0.0 0.0 0.0 0.0 0.2 0.0 0.2 FY23 H1 FY24 H1 FY25 H1 FY26 H1 FY23 H1 FY24 H1 FY25 H1 FY26 H1 Cus
Slide 4: Retail Distribution
Retail Distribution Revenue decrease to £1.0 million from £1.6 million UK Retail Distribution revenue was £0.4 million, down from £1.0 million in H1 2025, driven by a challenging UK retail environment and economic uncertainty New customers – FGH Repeat customers – include GXO, a US leading logistics
Slide 5: Customs and Entrance
Customs and Entrance Customs No significant revenue from Customs during the period Continued engagement with CBP for support of existing fleet Targeting future CBP equipment orders, where despite government shutdown, we have a contract with significant headroom Entrance Revenue of £1.6 million (H1 2
Slide 6: Aviation
Aviation TSA National Mandate forcing investment by US airports in Aviation Worker Screening technology TSA Mandate - means airports will require new technology which provides Explosives detection capability Mobile and redeployable Implementation date – April 2026 Credentials - we are very well
Slide 7: Technology and Marketing
Technology and Marketing Continued excellent progress in Software and Hardware, new feature DDAlert, launch of “Screening as a Service” and successful completion of testing with UK NPSA New feature DDAlert: • Automatically alerts the operator to likely concealments to enhance Software detection cons
Slide 8: Outlook
Outlook A leading provider of walk-through security screening solutions FY revenue expectations of £5-7m (previously £8m). Core pipeline – currently at just over £6 million for the remainder of the current financial year. £1.0 million expected in the period before the end of the calendar year (Q3).
Slide 9: Appendix
THRUVISION COMMERCIAL IN CONFIDENCE APPENDIX Page 8
Slide 10: Financial summary
Financial summary H1 H1 FY26 FY25 £m £m Revenue 2.6 1.9 Adjusted gross profit 0.7 1.0 Adjusted gross margin 27.9% 50.4% Adjusted EBITDA loss (1.6) (2.1) Adjusted loss before tax (1.9) (2.4) Overheads Down £0.7 million driven by lower sales and marketing and management costs. Cash At 30 September 202
Slide 11: Financial performance
Financial performance Adjusted EBITDA loss lower by £0.5 million Adjusted gross profit down £0.3 million Overheads down 25% with sales & Adjusted gross margin 27.9% down 22.5bps marketing down £0.4 million and Mix driven by pricing. management down £0.1 million. (1.6) 0.3 0.7 (0.6) (2.1) 0.0 FY25 H1
Slide 12: Financial performance: Cash flow and working capital
Financial performance Cash flow and working capital Principally Inventory inflow of £1.5m investment in demo Receivables inflow of £0.5m equipment (£0.3m). Payables outflow of £0.6m (0.3) 2.1 (0.1) 0.0 0.0 2.56 0.4 (1.6) 1.4 (0.3) FY25 Adjusted Exceptional Net Net Capex Lease Other net Exchange FY26
Slide 13: Tom Black Executive Chairman Thruvision Plc
Tom Black Victoria Balchin Executive Chairman Chief Financial Officer Thruvision Plc 121 Olympic Avenue Milton Park Abingdon Oxon, OX14 4SA t: +44 (0) 1235 425400