Business
Trading update and Investor Meet Company seminar
Transense Technologies plc anticipates reporting revenue of at least £4.6 million and adjusted EBITDA of at least £0.5 million for the year ending June 30, 2026, with adjusted profit before tax near break-even, representing a slight reduction from prior expectations due to lower tyre manufacturer sales and slower customer commitment to SAWsense development costs, though Bridgestone iTrack royalty income remains as expected. The company's cash position was £1.12 million as of May 31, 2026. Despite these short-term adjustments, Transense highlights solid operational progress, including growth in SAWsense revenue to at least £1.3 million and a strengthening commercial pipeline, and remains confident in medium-term growth opportunities, with FY27 expectations being moderated due to the timing of contract conversions. Disclaimer*
About this update from Transense Technologies Plc
The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 which is part of UK law by virtue of the European Union (withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain. 22 June 2026 Transense Technologies plc ("Transense" or the "Company") Trading update and Investor Meet Company seminar Transense Technologies plc (AIM: TRT), the provider of specialist sensing solutions and measurement systems, provides an update on trading for the year ending 30 June 2026 ("FY26") and outlook for FY27. The Company expects to report: · Revenue of not less than £4.6m, · Adjusted EBITDA of not less than £0.5m, · Adjusted profit before tax of approximately break-even. This represents a modest reduction versus expectations set in January 2026, primarily reflecting: · Lower than anticipated sales from global tyre manufacturers within Translogik, offset by good conversion of new business. Demand from tyre majors expected to recover in FY27, · SAWsense development projects progressing well, although customer commitment to short term non-recurring engineering (NRE) costs slightly slower than anticipated, · Bridgestone iTrack royalty income as expected. Cash at 31 May 2026 was £1.12m (31 Dec '25: £1.33m) and net cash of £0.71m (31 Dec '25: £0.92m). Planned working capital movements in June will temporarily reduce this position at the year end, reversing with strong cash collections due in July. Progress update · SAWsense: Continued revenue growth led by T901 and motorsports programmes, with a pipeline of development contracts across other key target markets, especially robotics, moving towards production. Revenue is expected to be not less than £1.3m (FY25: £1.12m, FY26H1: £0.66m), · Translogik: Strengthening pipeline and increasing direct and distribution activity, offsetting reduced demand from global tyre majors. Revenue is expected to be not less than £1.25m (FY25: £1.32m, FY26H1: 0.59m). Revenue from new product...
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