Tracsis plc said on Friday its full-year results for the period ended July 31, 2026, are expected to align with market estimates, sending its shares up 8% in early trading.
The group forecast group revenue of approximately £85.5 million, a 4.4% increase from £81.9 million in the prior year. Adjusted EBITDA is projected at £13.5 million, up from £12.6 million in fiscal 2025, matching analyst expectations between £13.2 million and £13.9 million. Both figures include the full-year contribution from the Events business, which was sold on July 31, 2026.
Year-end cash stood at £19.4 million, down from £23.4 million in the prior year, excluding proceeds from the Events business sale received on August 3. The group’s pro forma net debt to EBITDA ratio following the Mistral Data acquisition is expected to be around 1.5 times.
Tracsis completed the £48 million acquisition of Mistral Data Limited on July 29, 2026, after securing clearance from the UK Competition and Markets Authority and fulfilling customary conditions. The deal was funded through existing cash reserves and £38.7 million drawn from a £40 million revolving credit facility.
