8 April 2026

Thruvision Group plc

FY26 Trading Update

Thruvision Group plc (AIM: THRU), a leading provider of walk-through security technology ("Thruvision" or the "Company" and, together with its subsidiary undertakings, the "Group"), today announces a trading update for the year ended 31 March 2026 ("FY26").

Highlights:

·      FY26 revenue has increased by 45% to approximately £6.0 million (FY25: £4.2 million), in line with Board expectations previously communicated in November 2025 of revenue between £5 and £7 million.

·      Order backlog at 31 March 2026 was £1.3 million, with order intake for FY26 of £7.1 million. This backlog will be delivered mostly in H1 FY27.

·      The Group's cash balance on 31 March 2026 was £2.0 million (31 March 2025: £0.4 million), following a fundraise of £2.6 million, after costs, in July 2025.

FY26 revenue grew by £1.8 million or 45% to £6.0 million. This has been underpinned by strong performance in Asia where the award of two material orders totaling £2.7 million formed the bulk of the regional revenue. Our indirect sales strategy in Asia is based on a small number of strong regional partnerships, which we intend to strengthen further over time. The UK and Europe were weaker than FY25, despite strong performance in the Prisons market. Our core market in this region, Retail Distribution, declined due to broader economic conditions, coupled with the ongoing need to rebuild our direct sales capability and regional partnerships. The US grew modestly, due to strong performance from Aviation. Retail Distribution in the US was weaker than expected and we are addressing this with investment in our direct sales force which we expect to lead to a significant improvement in FY27. 

Victoria Balchin, CEO, commented: "It's very pleasing to see a return to revenue growth as the steps we have taken to improve both our direct sales force and our partnerships start to take effect. Whilst work remains to be done, our new 81 Series product has been enthusiastically received and the benefits of deploying Thruvision are increasingly appreciated across our markets. Our challenge is now one of investing in our sales and marketing capability and this is the central focus of the team as we start our new year."

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About Thruvision

Thruvision is a leading international developer, manufacturer and supplier of walk-through security technology. Its technology is deployed in more than 30 countries around the world by government and commercial organisations in a wide range of security situations, where large numbers of people need to be screened quickly, safely and efficiently. Thruvision's patented technology is capable of detecting concealed metallic and non-metallic objects in real time using an advanced AI-based detection algorithm. The Group has offices and manufacturing capabilities in the UK and US.

Important information

This announcement may include statements that are, or may be deemed to be, "forward-looking statements" (including words such as "believe", "expect", "estimate", "intend", "anticipate" and words of similar meaning). By their nature, forward-looking statements involve risk and uncertainty since they relate to future events and circumstances, and actual results may, and often do, differ materially from any forward-looking statements. Any forward-looking statements in this announcement reflect management's view with respect to future events as at the date of this announcement. Save as required by applicable law, the Company undertakes no obligation to publicly revise any forward-looking statements in this announcement, whether following any change in its expectations or to reflect events or circumstances after the date of this announcement.