Tracsis PLC’s shares surged nearly 8% on Tuesday after the transport technology group issued a full-year trading update that met analyst expectations and announced a strategic acquisition.
The Leeds-based company reported expected group revenue of approximately £85.5 million for the year ending July 31, 2026, a 4.4% increase from the prior year. Adjusted EBITDA is projected to reach about £13.5 million, up from £12.6 million in the previous period. Both figures aligned with market forecasts, contributing to the stock’s upward momentum.
Tracsis also revealed plans to acquire Mistral Data Limited from FirstGroup for £48 million, funded through existing cash reserves and a drawdown on its revolving credit facility. The deal expands the company’s customer base to 22 of the 24 UK train operating companies and introduces a high-margin, subscription-based SaaS platform.
The company completed the disposal of its Events Transport Planning business in early August for £7.25 million, further streamlining its operations. Shares, which had previously fallen to a 52-week low of 280p, rebounded sharply but remained below the 52-week high of 435p.
Analysts noted that domestically focused UK software stocks, including Tracsis, have shown relative resilience amid global macroeconomic challenges such as geopolitical tensions and elevated oil prices, which have weighed on larger exporters and resource-heavy equities. The FTSE AIM All-Share index, where Tracsis is listed, rose 0.07% to 812.54, while the FTSE 100 remained under modest pressure.
