LONDON - Trainline plc, a leading independent rail and coach travel platform, announced today an upward revision of its financial guidance for the fiscal year 2025. This update follows a period of robust growth in the first half of the fiscal year, where the Company saw significant increases in net ticket sales and revenue.
Shares of Trainline jumped 9.73% by 2 PM London Time on Monday.
In the first half of FY2025, Trainline reported a year-on-year increase of 14% in group net ticket sales, reaching £3.0 billion. Revenue grew by 17% compared to the same period last year, amounting to £229 million. The Company also experienced a 44% rise in adjusted EBITDA, which stood at £82 million.
Notably, Trainline's operating free cash flow was reported at £100 million, with a leverage ratio that decreased to 0.2x adjusted last twelve months EBITDA, improving from 0.4x at H1 FY2024.
Given the strong performance in the first half and a promising start to the second half of FY2025, Trainline has revised its guidance range. The Company now anticipates year-on-year net ticket sales growth of between 12% and 14%, a notable increase from the previously forecasted range of 8% to 12%. Revenue growth projections have also been adjusted, with expectations now set between 11% and 13%, up from the 7% to 11% range previously guided.
Furthermore, Trainline expects adjusted EBITDA to constitute approximately 2.6% of net ticket sales, slightly higher than the earlier estimate of exceeding 2.5%.
These financial highlights are based on constant currency year-on-year growth calculations and exclude share-based payment charges and exceptional items from the adjusted EBITDA figures.
Trainline will provide additional details on its financial performance and guidance during its H1 FY2025 results announcement, scheduled for release on November 7, 2024. The figures presented in this announcement are unaudited and based on a press release statement from the Company.
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