Thruvision Group plc (AIM:THRU) issued a FY26 trading update saying revenue for the year ended 31 March 2026 rose 45% to approximately £6.0 million (FY25: £4.2 million), matching board guidance published in November of £5–£7 million.
Order intake for FY26 was £7.1 million, and the group carried an order backlog of £1.3 million at 31 March 2026, which the company said will be delivered mostly in H1 FY27.
The revenue uplift was driven by Asia, where two material orders totalling £2.7 million represented the bulk of the region’s sales. The group described its Asia approach as an indirect sales strategy built around a small number of strong regional partnerships, which it intends to strengthen over time.
By contrast, the UK and Europe were weaker than FY25. The company said the Prisons market performed strongly, but Retail Distribution declined — a shortfall the group attributes to broader economic conditions and "the ongoing need to rebuild our direct sales capability and regional partnerships." The US delivered modest growth, supported by Aviation, while US Retail Distribution fell short of expectations; the company plans investment in its direct sales force to target a "significant improvement in FY27."
"It's very pleasing to see a return to revenue growth as the steps we have taken to improve both our direct sales force and our partnerships start to take effect," said CEO Victoria Balchin.
"Whilst work remains to be done, our new 81 Series product has been enthusiastically received and the benefits of deploying Thruvision are increasingly appreciated across our markets. Our challenge is now one of investing in our sales and marketing capability and this is the central focus of the team as we start our new year."
