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Trainline (TRN) investor relations material
Trainline H1 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H1 2026 TU earnings summary11 Sep, 2025
Executive summary
Delivered robust first half performance with group net ticket sales up 8% year-over-year to £3.2 billion, and revenue up 2% to £235 million for the six months ending August 2025.
Improved full-year profitability guidance and announced an enhanced £150 million share buyback programme.
Financial highlights
UK Consumer net ticket sales rose 8% year-over-year to £2.1 billion, with revenue flat at £107 million due to a reduced commission rate and travel mix.
International Consumer net ticket sales increased 2% to £594 million, with revenue also up 2% to £34 million.
Trainline Solutions net ticket sales surged 18% to £529 million, with revenue up 5% to £94 million.
Group EBITDA for H1 expected to exceed the top end of guidance (6%-9% growth), reflecting operating leverage and cost optimisation.
Outlook and guidance
Full-year guidance reconfirmed: group net ticket sales growth of 6%-9% and revenue growth of 0%-3%.
Adjusted EBITDA now expected at the top end of the previous 6%-9% growth range.
Explain flat UK Consumer revenue despite sales growth
What factors influenced International Consumer sales?
How is Trainline Solutions revenue primarily generated?
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H1 20265 Nov, 2025
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Frequently asked questions
Trainline Plc provides an online platform for train and bus ticket booking across Europe. The company offers digital services that enable customers to plan journeys, compare fares, and purchase tickets via web and mobile applications. It serves individual travelers and corporate clients. The company is headquartered in London, United Kingdom, and its shares are listed on the LSE.
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