Trainline Plc (TRN.L) reported that its profit after tax for the twelve months ended 29 February 2024 rose to 33.99 million pounds or 7.09 pence per share from 21.22 million pounds or 4.48 pence per share in the prior year.
Profit before tax was 48.12 million pounds up from 22.09 million pounds in the previous year.
Adjusted earnings per basic share was 12.3 pence compared to 7.7 pence in the prior year.
Annual revenue was 396.72 million pounds up from 327.15 million pounds last year.
Group net ticket sales for the year were 5.30 billion pounds, up 22% from the prior year.
Trainline had launched a share buyback program of up to 50 million pounds. As at the end of April 2024, the company had bought back 38 million pounds of its own shares under the program.
On Friday, Trainline has announced a new share buyback program of up to 75 million pounds. The new program will commence upon completion of the existing program and is to run over the subsequent 12 month period.
Looking ahead for fiscal year 2025, Trainline expects to generate adjusted EBITDA of between 2.4% and 2.5% of net ticket sales, and net ticket sales year-over-year growth of between 8% and 12%. It projects revenue year-over-year growth of between 7% and 11%.
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