Quartix shares soar on 2025 double-digit growth, dividend spike

Quartix Technologies PLC on Wednesday announced it sustained growth across all key metrics in 2025, sending shares soaring.

Shares in the Newtown, Wales-headquartered vehicle tracking software firm were up 17% to 247.20 pence each on Wednesday afternoon in London.

The company said revenue increased by 12% to £35.7 million in 2025 from £31.8 million the year prior.

Pretax profit rose by 34% to £8.7 million from £6.5 million in 2024.

Quartix more than doubled its dividend. A final payment of 7.50p per share from 3p in 2024 brings the total dividend to 10p per share, up from 4.5p in 2024.

The company also saw growth in free cash flow, more than doubling to £5.2 million from £2.6 million in 2024, and annualised recurring revenue, up 14% to £37.0 million in 2025 from £32.5 million the previous year.

Quartix also saw its subscribers grow. Its technology is now installed on a fleet of 333,922 units, up 11% from 2024’s 300,318. Those vehicles are dividend among 32,942 customers in 2025, up 9% from 30,134 in 2024.

Italy, Spain, and Germany were the fastest growing markets by both recurring revenue and customer base.

Sales and market expenses grew as well, by 17% to £8.3 million in 2025 from £7.1 million the year prior, prompting the company to single out controlling client acquisition costs this year given administrative expenses instead slightly decreased. They were 1.2% lower in 2025 to £9.1 million from £9.3 million in 2024.

Executive Chair Andrew Walters said that the outlook for 2026 is ‘very encouraging’ following an ‘exceptionally good year’.

‘Closing [annualised recurring revenue] was higher than group revenue for the year, and this augurs well for the achievement of our financial goals for 2026... We will continue to invest in developing and exploiting the many opportunities we have for growth through our channels to market in each of our current six target market’, he added.

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