Thruvision reports return to full-year growth

(Sharecast News) - Thruvision Group reported a return to growth in the year ended 31 March on Wednesday, with revenue rising strongly in line with expectations, supported by order wins in Asia and improved sales execution. The AIM-traded security technology provider said 2026 financial year revenue increased 45% to £6m, up from £4.2m a year earlier and within previously guided ranges of £5m to £7m.

Order intake for the year totalled £7.1m, with a closing order backlog of £1.3m expected to be largely delivered in the first half of the 2027 period.

Growth was driven primarily by Asia, where two significant orders worth a combined £2.7m accounted for the majority of regional revenue, reflecting the group's strategy of working through a small number of regional partners.

In contrast, performance in the UK and Europe was weaker than the prior year, with strength in the prisons segment offset by a decline in the core retail distribution market amid challenging economic conditions and ongoing efforts to rebuild direct sales capability.

In the US, revenue grew modestly, supported by demand in aviation, although retail distribution underperformed expectations.

The company said it was investing in its direct sales force in the region and expects this to drive a significant improvement in 2027.

Thruvision ended the year with a cash balance of £2.0m, up from £0.4m a year earlier, following a £2.6m fundraising completed in July 2025.

"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," said chief executive Victoria Balchin.

"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."

At 1137 BST, shares in Thruvision Group were down 1.14% at 0.87p.

Reporting by Josh White for Sharecast.com.

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