Half Year 2025 Tracsis PLC Earnings Call Transcript

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Apr 25, 2025

Apr 25, 2025 / 12:00PM GMT
Christopher Barnes - Tracsis PLC - Chief Executive Officer, Executive Director

Good afternoon, everybody, and thank you very much for joining the interim results presentation from Tracsis. I'm Chris Barnes. I'm the Chief Executive Officer of the company; and I'm joined by Andy Kelly, who's the CFO of the company. This will be about a 30- to 35-minute presentation, which we will split between the two of us, and then at the end of that, under that process, we'll then open up for a session of Q&A.

So to start with an introduction of the period, so the last 12 months has been a challenging period for the group, and that has resulted in a disappointing set of results for the first half of our financial year, and that's been impacted by several near-term headwinds. All of those we believe to be short-term in nature, but they have obviously impacted us during the period.

We'll go through the details of those as we go through this presentation, but in summary, the first of those is funding shortfalls that are affecting the wider Rail Industry as part of Control Period 7. The second of those

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