Trainline plc (TRN.L), on Thursday reported improved revenue and net ticket sales in its first half, and foresees fiscal 2026 adjusted EBITDA at top end of outlook range.
In addition, the rail and coach travel platform announced that it intends to launch a share repurchase programme to buy up to an additional 150 million pounds worth shares within 12 months once the existing repurchase programme ends. In its trading update for the first half, the company reported that Group revenue improved 2% to 235 million pounds from 229 million pounds a year ago, with growth in all segments. Group net ticket sales increased 8% to 3.25 billion pounds from 3 billion pounds last year.
For the first half, Group EBITDA is expected to track above the top end of the FY2026 guidance range of growth between 6% to 9%. Looking ahead, for the fiscal year 2026, the firm now expects adjusted EBITDA to grow at the high end of its prior 6% to 9% guidance range. Also, the firm reconfirmed its year-on-year growth expectations for group net ticket sales to be between 6% to 9% and group revenue growth in the range of 0% to 3%. It is to be noted that as of September 2, the firm had already acquired 71 million pounds worth of shares from its existing 75 million pound share repurchase programme, supported by strong cash generation. On completion, the programme would imply 350 million pounds of shares being bought back over a period of three years. The firm is to publish its half-year results on November 5.
On the London Stock Exchange, the shares were trading 8.87% higher at 283 pence.
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