Tracsis plc (LSE: TRCS) reported preliminary fiscal 2026 guidance that aligns with analyst estimates, prompting an 8% rise in its share price on Tuesday.
Group revenue is projected to reach £85.5 million for the year ending July 31, 2026, up 4.4% from £81.9 million in fiscal 2025. Adjusted EBITDA is forecast at £13.5 million, compared with £12.6 million a year earlier, falling within the £13.2 million to £13.9 million range anticipated by the market. Both figures include the full-year contribution from the recently divested Events business.
End-of-year cash stood at £19.4 million as of July 31, 2026, down from £23.4 million at the close of fiscal 2025. This decline excludes proceeds from the sale of the Events business, which was completed on July 31 and received on August 3.
The company also outlined financing for the £48 million acquisition of Mistral Data Limited. The deal was funded using existing cash and £38.7 million drawn from a £40 million revolving credit facility. Upon completion, pro forma net debt to EBITDA is expected to stand at approximately 1.5 times.
Tracsis confirmed the Mistral Data acquisition was finalized after receiving clearance from the UK Competition and Markets Authority and meeting all customary conditions. The acquisition was first announced on July 29. Full fiscal 2026 results will be released at a later date.
