Journeo (JNEO) H1 2026 TU earnings summary

Executive summary

• Group revenue rose 53% year-over-year to £37.6m for H1 2026, reflecting strong organic growth and contributions from a recent acquisition.

• Adjusted profit before tax increased 10% to £3.0m compared to H1 2025.

• The sales opportunity pipeline expanded significantly to £200m, and order intake grew 3% to £31m, enhancing visibility for H2 2026 and beyond.

Financial highlights

• Revenue for H1 2026: £37.6m, up from £24.5m in H1 2025.

• Adjusted profit before tax: £3.0m, up from £2.8m in H1 2025.

• Cash balance at period end: £12.6m, down from £18.0m in H1 2025, reflecting acquisition payments.

• Sales order intake: £31m, up 3% year-over-year.

Outlook and guidance

• Full-year revenue expected to be marginally ahead of current market expectations (£72m), with adjusted profit before tax in line with expectations (£7.4m).

• Strong order intake and pipeline position the group well for H2 2026 and beyond.