Journeo shares down despite "another record first-half performance"

Journeo PLC on Tuesday reported double-digit revenue and profit growth for its first half, and a significantly increased sales pipeline giving "a clear platform for growth".

The Leicestershire, England-based transport system services provider's statutory pretax profit totalled £3.0 million for the first six months of 2026, up from £2.7 million the year before.

Adjusted pretax profit rose 10% to £3.0 million from £2.8 million, while underlying profit increased by 16% to £3.0 million from £2.6 million.

Revenue jumped 53% to £37.6 million from £24.5 million. Journeo said this reflected organic growth and contributions from acquisitions.

"I am pleased to report another record first-half performance, with growth in both revenue and profit, reflecting continued progress across the group," Chief Executive Officer Russ Singleton commented.

Journeo's cash and equivalents as at June 30 totalled £12.6 million, down from £18.0 million one year prior, in light of the £10.7 million acquisition of Crime & Fire Defence Systems in September last year.

Looking ahead, in the mid-term future Journeo aims to surpass £150 million in annual revenue, "through a combination of organic growth and disciplined M&A".

As for the current year, the company "is on track to deliver another record set of full-year results, in line with market expectations". It highlighted its £200 million sales opportunity pipeline, up from £80 million at the same time last year.

"With a strong financial position and a £200 million sales opportunity pipeline, we have a clear platform for growth in attractive transport and critical infrastructure markets," Singleton said.

Shares in Journeo were down 1.1% at 540.13p on Tuesday afternoon in London.

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