Business
Results for the year ended 31 March 2026
Thruvision Group PLC reported a 45% increase in revenue to £6.0 million for the year ended March 31, 2026, driven by strong performance in Asia with two material orders totaling £2.7 million. Despite this revenue growth, the adjusted gross margin decreased to 33.9% from 44.9% due to discounting of legacy equipment sales. The adjusted EBITDA loss narrowed to £2.5 million from £3.8 million, aided by a £1.0 million reduction in overheads. The company ended the year with a cash balance of £2.0 million and no debt, following a £2.75 million equity fundraising in July 2025. The outlook for FY27 is positive, with expectations of further strong growth. Disclaimer*
About this update from Thruvision Group Plc
26 June 2026 Thruvision Group plc Results for the year ended 31 March 2026 Thruvision (AIM:THRU, 'Thruvision' or the 'Group'), a leading international provider of walk-through security technology, today publishes its results for the financial year ended 31 March 2026 ('2026' or 'FY26'). Overview · Revenue of £6.0 million (2025: £4.2 million). This growth of 45% was underpinned by strong performance in Asia where the award of two Material2 orders totalling £2.7 million formed the bulk of the regional revenue. · Adjusted gross margin1 declined by 11.0pp to 33.9% (2025: 44.9%). Statutory gross margin down 6.4pp. Decrease reflects discounting of legacy equipment sales. · Adjusted EBITDA loss1 was £2.5 million (2025: loss of £3.8 million), which is in line with market expectations, and benefits from a £1.0 million reduction in overheads. Operating loss was £3.6 million (2025: loss of £4.7 million). · Cash balance as at 31 March 2026 was £2.0 million (31 March 2025: £0.4 million). The Group has no debt. · In July 2025, £2.75 million (gross) equity fundraising completed, with further investment from existing Shareholders as well as Directors. Continuing operations 2026 £m 2025 £m Change Statutory measures: Revenue 6.0 4.2 +45% Gross profit 1.5 1.3 +15% Gross margin 24.6% 31.0% (6.4pp) Operating loss (3.6) (4.7) +23% Loss before tax (3.6) (4.7) +23% Loss per share (pence) (1.01) (2.81) +64% Alternative measures1: Adjusted gross profit 2.0 1.9 +9% Adjusted gross margin 33.9% 44.9% (11.0pp) Adjusted EBITDA loss (2.5) (3.8) +33% Adjusted loss before tax (3.2) (4.4) +28% Adjusted loss per share (pence) (0.88) (2.61) +66% Note: 2026 and 2025 refer to the financial years ending 31 March 2026 and 31 March 2025 respectively. 1Alternative performance measures ('APMs') are used consistently throughout this announcement and are referred to as 'adjusted'. These are defined in full and reconciled to the reported statutory measures in the Appendix. 2Smaller individual orders with values of less than £0.5 million ("Core revenue") and larger individual orders greater than £0.5 million ("Material revenue"). Commenting, Tom Black, Executive Chairman, said: "The past year ...
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