Trainline Raises Financial Guidance for Fiscal Year 2025, Shares Surge

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Trainline Raises Financial Guidance for Fiscal Year 2025, Shares Surge

LONDON - Leading independent train and bus travel platform Trainline plc announced today that it has upwardly revised its financial guidance for the fiscal year 2025. This update follows a strong growth period in the first half of the fiscal year, during which the company saw significant increases in net ticket sales and revenues.

Trainline's shares rose by 9.73% at 14:00 London time on Monday.

In the first half of fiscal year 2025, Trainline reported a 14% year-on-year increase in group net ticket sales, reaching £3.0 billion. Revenue increased by 17% compared to the same period last year, totaling £229 million. The company also experienced a 44% rise in adjusted EBITDA, which amounted to £82 million.

Notably, Trainline's free cash flow from operations was reported at £100 million, and its leverage ratio improved from 0.4x in the first half of fiscal year 2024 to 0.2x of the last twelve months' adjusted EBITDA.

Given the strong performance in the first half and a promising start to the second half of fiscal year 2025, Trainline has revised its guidance range. The company now projects an annual net ticket sales growth of between 12% and 14%, a significant increase from the previously estimated range of 8% to 12%. Revenue growth projections have also been adjusted, with expectations now raised from a previously guided range of 7% to 11% to between 11% and 13%.

Additionally, Trainline expects adjusted EBITDA to represent approximately 2.6% of net ticket sales, slightly above the previous estimate of 2.5%.

These financial highlights are based on annual growth calculations at constant exchange rates and exclude share-based payment charges and exceptional items from the adjusted EBITDA figures.

Trainline will provide further details about its financial performance and guidance in the announcement of its first half results for fiscal year 2025, scheduled for November 7, 2024. The figures presented in this announcement are unaudited and are based on the company's press release statement.