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FY2026 Interim Results Presentation Six months ended June 30th 2026 © Journeo plc
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Presentation team Board hold 4% of shares in aggregate 2 © Journeo plc Russ Singleton Nick Lowe Chief Executive Officer C.Eng with a strong track record, including forming and growing technology-based businesses Joined the Company in October 2013 as Chief Executive Chief Financial Officer FCA with significant experience at Finance Director level in growing, technology-led businesses Joined the Company in May 201 7 as Chief Financial Officer
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Journeo is a leading provider of intelligent systems for transport networks and critical national infrastructure Executive summary H1 2026 • Strong H1 2026 results • Increased revenue and profit • Cash generative • Growing sales opportunity pipeline • Strengthened management team • Acquisition pipeline Highlights 3 © Journeo plc Revenue increase H1 2026: £37.6m H1 2025: £24.5m Gross Profit increase Adjusted Profit Before Tax increase 150% H1 2026: £14.5m H1 2025: £9.2m H1 2026: £3.0m H1 2025: £2.8m Sales Opportunity Pipeline increase H1 2026: £200m H1 2025: £80m 53% 57% 10%
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Journeo at-a-glance Journeo addresses its target markets through three key business segments Design, delivery and support of safety critical on-board systems for bus, coach and rail Design, manufacture, installation and management of passenger information displays and the software that drives them for bus, tram and rail Turnkey infrastructure protection systems for Nationally Significant Infrastructure Projects and sites of Critical National Importance Integrated Services Infrastructure Protection Information Systems 4 © Journeo plc
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Customers and end users >2m>35,000 assets connected to our cloud-based platforms >30% of the UK’s buses connected to our cloud management platform >2m passenger journeys rely on Journeo information, every day >2,500 stations and trains equipped across the UK and worldwide >300 dedicated team members all enabled by 5 © Journeo plc
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• Revenue increased 53% to £37.6m (H1 2025: £24.5m) • Gross Profit increased 57% to £14.5m (H1 2025: £9.2m) • Gross Margin increased 1% to 39% (H1 2025: 38%) • Adjusted Profit Before Tax increased 10% to £3.0m (H1 2025: £2.8m) • Diluted earnings Per Share increased to 13.60p (H1 2025: 12.51p) • Cash and Cash Equivalents £12.6m (H1 2025: £18.0m) following the payment of £10.7m cash consideration for the acquisition of CFDS in September 2025 H1 2026 results Revenue Adjusted Profit Before Tax Cash** Invested over £37.6m H1 2025: £24.5m Gross Profit £14.5m H1 2025: £9.2m *EPS = Earnings Per Share | **Cash = Cash and cash equivalents as at 30 June 2026 Gross Margin 39% H1 2025: 38% £3.0m H1 2025: £2.8m 13.60p H1 2025: 12.51p £12.6m H1 2025: £18.0m £1m In Research and Development in the period53% 57% 1% 10% 9% 30% Diluted EPS* 6 © Journeo plc
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H1 2026 segmental results Journeo’s key segments support growth in our target markets, and provide opportunities for development through organic growth or acquisitions that broaden the offering in our target markets, or provide accelerated entry to a new market vertical for core Journeo technology Infrastructure Protection • 27% of Group Revenue • Revenue £10.6m • Gross Profit £4.8m • Gross Margin 45% 27% of Group Rev. 7 © Journeo plc
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H1 2026 segmental results Journeo’s key segments support growth in our target markets, and provide opportunities for development through organic growth or acquisitions that broaden the offering in our target markets, or provide accelerated entry to a new market vertical for core Journeo technology Information Systems • 36% of Group Revenue • Revenue increased 40% to £13.9m (H1 2025: £9.9m) • Gross Profit increased 12% to £5.3m (H1 2025: £4.7m) • Gross Margin 38% (H1 2025: 48%) 8 © Journeo plc H1 2025: 40% of Group Revenue 36% of Group Rev.
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H1 2026 segmental results Journeo’s key segments support growth in our target markets, and provide opportunities for development through organic growth or acquisitions that broaden the offering in our target markets, or provide accelerated entry to a new market vertical for core Journeo technology Integrated Services • 37% of Group Revenue • Revenue decreased 2% to £14.4m (H1 2025: £14.7m) • Gross Profit decreased 2% to £4.4m (H1 2025: £4.5m) • Gross Margin 31% (H1 2025: 31%) 9 © Journeo plc H1 2025: 60% of Group Revenue 37% of Group Rev.
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6 5 4 3 2 £’m H1 2026 Results 10 © Journeo plc H1 2024 H1 2025 H1 2026 £’m H1 2024 H1 2025 H1 2026 8 6 4 2 0 £5.6m £4.4m £1.7m Cash flow from operations • Operationally cash generative • £17.5m inflow in 30 months to June 2026 • H1 2026 working capital investment ahead of H2 2026 Recurring Revenue • ARR of £8.5m • 6% Increase in comparison to H1 2025 • SaaS revenue
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H1 2026 business review >£1.9m contract announcements Including Metroline Manchester and strategically important contract with Danske Statsbaner (DSB), Denmark’s largest state-owned passenger rail operator. >£4.2m contract announcements Including OFM, Cornwall Council and a large local authority in the South of England. >£3.4m contract announcements Including complex, high-security infrastructure protection solutions for major utility companies. Journeo has increased revenues, gross profit and is operationally cash generative 11 © Journeo plc Information Services Integrated Systems Infrastructure Protection
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TAM SAM TAM SAM TAM SAM TAM SAM Planning view by vertical 12 © Journeo plc Our three business segments currently target these market verticals £1bn+ Planning SAM TAMs are broad but practical, not total global spend. SAMs are filtered by capability, geography and buying route. £6bn+ Bus & Coach fleet technology Roadside passenger information Airports & airside operations Rail passenger info & rail tech Utilities, Defence & CNI UK MARKET DRIVERS Transport for City Regions (TCR) £15.6bn through to 2032 | Local Transport Grants (LTG) £2.3bn 2025-2030 | RIIO-3 (2026-2031) baseline value of £28.1bn, potentially increasing to £90bn TAM Conservative fleet technology base; AI/CCTV increases value per vehicle Display estate renewal, maintenance and accessibility upgrades UK references support overseas airside fleet opportunity Station and onboard passenger systems, asset monitoring and services Accredited perimeter, PIDS, CCTV and access control route SAM selected target geographies £0.75–1.25bn £0.6–1.0bn £0.4–0.8bn £4–5bn filtered estate, not full NaPTAN international target airports UK rail tech; signalling excluded £250–350m £150–250m £100–150m £400–600m UK CNI protection market £75–150m £0.3–0.5bn Planning TAM
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Growth strategy 13 © Journeo plc Adjacent markets Opportunities to implement our solutions in adjacent markets. Recurring revenue and SaaS Annual Recurring Revenue (ARR) >£8.5m and growing. Creating scalability, resilience and better visibility of earnings through SaaS revenues. Acquisitions and consolidation Adding strategic acquisitions to drive growth. Provide depth and breadth to our offering in terms of product, market and geography. Organic growth Increasing share in a growing market and further adoption of Journeo technologies. Journeo is targeting with operating margin revenue more than £150m double digit
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H1 2026 Highlights Q&A Journeo: Connected Systems, for Essential Services 14 © Journeo plc Revenue increase H1 2026: £37.6m H1 2025: £24.5m Gross Profit increase Adjusted Profit Before Tax increase 150% H1 2026: £14.5m H1 2025: £9.2m H1 2026: £3.0m H1 2025: £2.8m Sales Opportunity Pipeline increase H1 2026: £200m H1 2025: £80m 53% 57% 10%