Transense Technologies PLC, a UK-based provider of specialist sensing solutions and measurement systems, released its unaudited interim results for the six months ended 31 December 2025. Here’s a summary of the key points
### **Financial Performance**
**Revenue Growth**The core trading divisions, SAWsense and Translogik, delivered solid revenue growth of 39% to £1.25 million (H1 FY25: £0.90 million). However, total revenue decreased by 8% to £2.26 million due to a 35% reduction in Bridgestone iTrack royalty income to £1.01 million.
**Profitability**The company reported a small profit before tax, slightly <mark style="background-color:yellow">above</mark> break-even, despite the reduction in royalty income. Gross margin was maintained at 90%.
**Cash Position**Transense remained cash generative, with cash flow from operations of £0.41 million. Available cash at 31 December 2025 was £1.33 million, increasing to £1.77 million by 31 January 2026 after receiving quarterly royalties.
### **Business Segments**
**SAWsense**Revenue increased by 74% to £0.66 million, driven by growth across all target sectors (aerospace, motorsport, electric motors, and industrial machinery/robotics). The order book grew to £0.55 million, and the company has 23 live projects with 17 contracted customers.
**Translogik**Revenue grew by 13% to £0.59 million, with a focus on expanding into new markets and product development. The company launched its TLGi smart inflation product and is in advanced negotiations for three reseller partnerships.
### **Strategic Progress**
**Investment in Production**Transense is investing £2.8 million in a pilot production line and next-generation components to support high-volume production, particularly for SAWsense.
**Pipeline Expansion**Both SAWsense and Translogik have seen their pipelines expand in scale and quality, with a strong desire from customers to adopt Transense’s products.
### **Challenges**
**Lead Times**Adoption and ramp-up of new Translogik customers have taken longer than expected, impacting short-term trading outlook.
**Currency Headwinds**Adverse currency movements affected the reduced Bridgestone iTrack royalty income.
### **Outlook**
The company remains confident in its strategy and pipeline, emphasizing execution as the key to success. The board believes the company is well-funded and expects cash generation to improve as orders build.
### **Investor Presentation**
An investor presentation was held on 17 February 2026, hosted by Executive Chairman Nigel Rogers, Managing Director Ryan Maughan, and Chief Financial Officer Melvyn Segal.
### **Key Metrics**
Revenue (excluding royalties)£1.25 million (up 39%)
Total revenue£2.26 million (down 8%)
Profit before taxSlightly above break-even
Cash flow from operations£0.41 million
Available cash£1.33 million (as of 31 December 2025)
Transense Technologies continues to focus on scaling its core businesses while navigating challenges related to customer adoption and external factors like currency fluctuations. The company remains optimistic about its long-term growth prospects.