Journeo, a provider of intelligent systems for transport networks and critical national infrastructure, reported first-half revenue up 53% to £37.6m for the six months to 30 June, against £24.5m a year earlier.
Adjusted profit before tax rose 10% to £3m, a slower pace than revenue growth as the AIM-listed group absorbed the cost base from its acquisition of Crime and Fire Defence Systems.
Cash fell to £12.6m from £18m a year earlier, after Journeo paid £10.7m in cash consideration for that acquisition in September 2025.
The sales opportunity pipeline swelled to £200m from £80m a year earlier, while order intake rose 3% to £31m, giving what the company called increased visibility into the second half and beyond.
"The Group has delivered record first-half revenue, driven by strong organic growth and complemented by the contribution from our recently acquired Crime and Fire Defence Systems business," said chief executive Russ Singleton.
Journeo said full-year revenue is expected to come in marginally ahead of current market expectations of £72m, with adjusted profit before tax remaining in line with the £7.4m consensus figure.
