Thruvision Group Plc · LSE:THRU
Thruvision — FY2026 Earnings Presentation
20 slides from Thruvision's earnings presentation, Jun 26, 2026
Slide 1: FY26 Full Year Results
FY26 Full Year Results 26 June 2026
Slide 2: Headlines
THRUVISION COMMERCIAL IN CONFIDENCE Headlines Underpinned by strong Asia performance 1 Revenue up 45% to £6.0m with two material1 orders totalling £2.7m Down 33%, in line with market expectations 2 Adjusted EBITDA loss at £2.5m benefitting from higher gross profit and lower overheads. - £2.75m gross
Slide 3: Financial headlines
THRUVISION COMMERCIAL IN CONFIDENCE Financial headlines Financial FY26 FY25 £m £m Revenue 6.0 4.2 +45% Adjusted gross profit 2.0 1.9 +9% Adjusted gross margin 33.9% 44.9% -11pp Adjusted EBITDA loss (2.5) (3.8) +33% Adjusted loss before tax (3.2) (4.4) +28% Revenue: growth of 45% principally reflects
Slide 4: Top-line performance
THRUVISION COMMERCIAL IN CONFIDENCE Top-line performance Revenue by market sector Revenue by geography 12.4 12.4 2.2 8.4 8.4 8.3 7.8 7.8 +45% +45% 0.2 3.7 6.0 3.5 2.4 6.0 3.0 0.0 0.0 1.4 9.2 1.8 0.2 4.2 4.2 0.0 0.7 2.0 0.9 1.9 0.3 1.3 0.0 4.4 0.8 2.5 0.0 3.8 2.9 3.1 2.4 0.2 0.2 2.2 2.9 2.5 1.2 0.1 0
Slide 5: Strategic update
THRUVISION Strategic update
Slide 6: Strategy Overview
THRUVISION COMMERCIAL IN CONFIDENCE Strategy Overview Proven market sectors with combined Total Addressable Market of many 1,000s of units NEW Retail Entrance Prisons and Customs Aviation Distribution Security Corrections Multiple flagship customers across all markets and geographies with key valida
Slide 7: Entrance Security
THRUVISION COMMERCIAL IN CONFIDENCE Entrance Security Revenue at £3.1 million from £0.8 million in FY25 Significant wins in Asia in year – two orders totalling £2.7m Government events in Asia Order received in FY26 Q1 10 WalkTHRU screening lanes initially deployed at a major cultural event and
Slide 8: Retail Distribution
THRUVISION COMMERCIAL IN CONFIDENCE Retail Distribution Revenue decrease to £1.4 million from £2.9 million Retail Distribution revenue was lower driven by a challenging UK retail environment and economic uncertainty. Repeat customers – leading US logistics provider purchased a further 3 lanes as wel
Slide 9: Prisons and Corrections – NEW
THRUVISION COMMERCIAL IN CONFIDENCE Prisons and Corrections – NEW Revenue increase to £0.7m (FY25: £0.1m) UK Prisons Estate Deployed across 12 separate sites across the UK Prisons Estate. Continued engagement with UK Prisons and Probation Sites include Secure Children’s Homes, Probation Services and
Slide 10: Our unique solution in Prisons and Corrections
THRUVISION COMMERCIAL IN CONFIDENCE Our unique solution in Prisons and Corrections A unique and highly challenging environment – we take screening to the subject, almost anywhere in the prison.. Screening solutions must detect In cell blocks After exercise narcotics, drugs, tobacco, weapons and phon
Slide 11: Aviation and Customs
THRUVISION COMMERCIAL IN CONFIDENCE Aviation and Customs Aviation revenue of £0.7m (FY25: £0.1m) Focus on aviation worker screening with two USA airport orders during the year – one existing airport Seattle-Tacoma and one from Greater Orlando Airport authority. Battery-powered option suitable for mo
Slide 12: Product Update
THRUVISION COMMERCIAL IN CONFIDENCE Product Update Good progress being made October 2025 successful testing by UK Government NPSA1 – following Discriminative Threat Detection Systems Threat Method. Significant third-party testing milestone. Enhanced our AI-based software functionality with DDAlert –
Slide 13: Outlook
THRUVISION COMMERCIAL IN CONFIDENCE Outlook Thruvision is a leading developer, manufacturer and supplier of advanced AI-based people-screening security technology internationally. Positive start to FY27 – positive sales momentum and opening order backlog of £1.3m. FY27 revenue target of £8m expectin
Slide 14: FY26 Financials
THRUVISION FY26 Financials
Slide 15: Financial headlines
THRUVISION COMMERCIAL IN CONFIDENCE Financial headlines Financial FY26 FY25 £m £m Revenue 6.0 4.2 +45% Adjusted gross profit 2.0 1.9 +9% Adjusted gross margin 33.9% 44.9% -11pp Adjusted EBITDA loss (2.5) (3.8) +33% Adjusted loss before tax (3.2) (4.4) +28% Revenue: growth of 45% principally reflects
Slide 16: Top-line performance
THRUVISION COMMERCIAL IN CONFIDENCE Top-line performance Revenue by market sector Revenue by geography 12.4 12.4 2.2 8.4 8.4 8.3 7.8 7.8 +45% +45% 0.2 3.7 6.0 3.5 2.4 6.0 3.0 0.0 0.0 1.4 9.2 1.8 0.2 4.2 4.2 0.0 0.7 2.0 0.9 1.9 0.3 1.3 0.0 4.4 0.8 2.5 0.0 3.8 2.9 3.1 2.4 0.2 0.2 2.2 2.9 2.5 1.2 0.1 0
Slide 17: Financial performance
THRUVISION COMMERCIAL IN CONFIDENCE Financial performance Adjusted EBITDA loss down 33% Overheads down £1.0m principally: - Sales & marketing down £0.5m Adjusted gross profit up £0.1m - Management costs down £0.2m Adjusted gross margin 33.9% down 11.0bps - Engineering down £0.1m Mix driven by lower
Slide 18: Financial performance: cash flow and working capital
THRUVISION COMMERCIAL IN CONFIDENCE Financial performance Cash flow and working capital Principally investment in demo Inventory inflow £2.8m equipment (£0.4m) Receivables outflow of £0.4m supporting growth. Payables inflow of £0.1m (0.5) 2.0 (0.2) 0.1 2.6 0.4 (0.3) (2.5) 2.5 FY25 Adjusted Net Excep
Slide 19: Important Information
THRUVISION COMMERCIAL IN CONFIDENCE Important Information This presentation may include statements that are, or may be deemed to be, ‘forward-looking statements’ (including words such as ‘believe’, ‘expect’, ‘estimate’, ‘intend’, ‘anticipate’ and words of similar meaning). By their nature, forward-l
Slide 20: Tom Black – Executive Chairman; Victoria Balchin – CEO and CFO
Tom Black – Executive Chairman Victoria Balchin – Chief Executive Officer and Chief Financial Officer Thruvision HQ Thruvision Americas 121 Olympic Avenue 21140 Ashburn Crossing Drive Milton Park Ashburn Abingdon VA 20147 Oxon, OX14 4SA t: +44 (0) 1235 425400 t: +1 (540) 878-4844