Quartix Technologies (QTX) Trading update summary

Trading and cash outlook

• FY revenue expected in line with market expectations; adjusted PBT expected modestly ahead, reflecting cost savings, with £0.2m of reinvestment deferred to 2027.

• Cash was £5.3m at 30 September 2026, with no debt, after £4.9m of dividend payments during the Period.

• Period free cash flow estimated at £4.7m, reflecting £2.3m of tax payments, including £1.1m paid to HMRC following an accounting policy change.

Recurring revenue and customer growth

• ARR rose £3.0m during the Period to £39.7m; TTM growth was £3.9m, or 11%, from £35.8m at 30 September 2025, on a constant-currency basis.

• Q3 ARR additions were £0.9m; TTM NRR remained flat at 97.3%, with improvement a priority across territories.

• TTM customer base increased 6% to 33,873 and subscription base grew 7% to 347,702 vehicles.

• New customer acquisition remains a focus, alongside disciplined sales and marketing investment and a sustainable cost base.

Product and auditor update

• Video telematics is gaining traction in the UK, with launch preparations underway for Continental Europe.

• BDO LLP appointed external auditor for FY2026; PKF Littlejohn LLP resigned after five years as auditor.