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Quartix Technologies (QTX) investor relations material
Quartix Technologies H1 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved record growth in annualised recurring revenue (ARR) and customer acquisition in H1 2025, with nearly 320,000 vehicles under subscription and 60% of customers outside the UK, reflecting rapid international expansion.
Refocused on core telematics subscription business, with strong product development including major hardware and firmware revisions and new web/mobile apps.
Net revenue retention (NRR) improved to 97.3%, reflecting successful price indexation and high service quality.
Profit before tax rose by 27% to £3.5m, with significant operating cost reductions and manufacturing efficiencies.
Increased investment in sales and marketing to drive further ARR growth while reducing overheads.
Financial highlights
Revenue for H1 2025 increased by 10% to £17.6m year-over-year, with gross profit up 10% to £12.3m and gross margin stable at 69.5%.
Operating profit rose 31% to £3.5m; EBITDA up 30% to £3.7m.
Earnings per share reached 5.52p, up from 4.37p last year.
Free cash flow more than doubled to £2.5m; cash from operations up 72% to £3.2m.
Interim dividend of 2.50p per share declared, payable 30 September 2025.
Outlook and guidance
Board expects full-year 2025 results to be slightly ahead of market expectations, with positive outlook for H2 2025 and beyond.
Six target markets identified as offering strong potential for future progress, with focus maintained for 2026.
Overheads expected to remain broadly in line with H2 2024.
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