- T42 Iot Tracking Solutions NPV
- 29 August 2025 12:26:59
Source: Sharecast
For the six months ended 30 June, revenue rose to $2.3m from $2m a year earlier, while adjusted EBITDA improved to a profit of $239,000 compared with a $25,000 loss in the prior period.
Gross margins widened to 48%, up from 45% a year earlier and 38% for full-year 2024, with the company targeting 55% in the second half through further production cost efficiencies.
The AIM-traded container and freight tracking technology group said it remained on track to achieve at least 200% year-on-year growth in Lokies revenues, citing strong customer demand and market confidence.
It said the maturity dates on its two secured convertible loan notes were also extended to the end of 2027, a move the company said would enhance financial flexibility.
Chief executive Avi Hartmann said the first half “strongly reinforces” the positive momentum seen in 2024, with gains across revenue, sales volumes and earnings.
“Our focus on improving product performance, particularly in energy efficiency, continues to resonate with our customers and adds significant value to their operations,” he said, adding that the company was confident it could “drive innovation, expand our market presence, and lead the container tracking industry in the years ahead.”
At 1144 BST, shares in T42 IOT Tracking Solutions were down 14.23% at 2.23p.
Reporting by Josh White for Sharecast.com.
