**Summary**
Touchstar PLC, a provider of mobile data computing solutions and managed services, reported its financial results for the year ended December 31, 2025. The company experienced a 1% decline in revenue to £6.82 million, with a 5.2% increase in recurring revenue to £3.21 million, representing 47% of total turnover. Despite a statutory loss of £1.08 million due to exceptional non-cash charges, the company achieved breakeven trading before exceptional items. Key highlights include a stronger order intake pipeline for 2026, a restructured organization with two balanced divisions, and a focus on transitioning to a sustainable, growth-oriented model. The company maintained a strong cash position of £2.34 million, funded dividends, and share buybacks. Management emphasized the importance of disciplined execution, pipeline generation, and maturing development processes for future growth. The Board recommended a final ordinary dividend of 1.5p per share, resulting in a total dividend of 3.25p for the year.
| Metric | 2025 | 2024 | Change |
|---|---|---|---|
| Revenue | £6,821,000 | £6,893,000 | Decline 1% |
| Recurring Revenue | £3,209,000 | £3,051,000 | Increase 5.2% |
| Pre-tax (Loss)/Profit | £(1,341,000) | £388,000 | N/A |
| Post-tax (Loss)/Profit | £(1,081,000) | £366,000 | N/A |
| Adjusted Post-tax Profit | £312,000 | £423,000 | Decline 25.8% |
| Adjusted EPS | 3.83p | 5.16p | Decline 25.8% |
| Basic (Loss)/Earnings per Share | (13.29)p | 4.47p | N/A |
| Total Ordinary Dividend per Share | 3.25p | 3.0p | Increase 8.3% |
| Adjusted EBITDA | £759,000 | £1,156,000 | Decline 34.3% |
| Year-end Net Cash | £2,338,000 | £2,918,000 | Decline £580,000 |
| Margins | 57.6% | 60.2% | Decline 260 basis points |