Quartix Technologies plc (LSE:QTX) expects to report higher first-half results for 2026, with revenue increasing to £19.4m from a restated £17.3m in the same period last year. EBITDA is forecast to rise to £6.9m, while adjusted EBIT is expected to reach £4.6m. The company also generated an estimated £2.6m in free cash flow despite making a £1.1m tax payment following an accounting policy change, with cash at the end of the period projected to stand at £4.7m.
Annualised recurring revenue increased 11% year-on-year to £38.9m, reflecting continued subscription growth across Quartix’s core European markets. Although net revenue retention eased slightly to 96.9% and both new customer acquisitions and subscription additions were lower than a year earlier, management highlighted the resilience of its recurring revenue model and a healthy installation order book for the second half. The company remains confident of meeting market expectations for the full year and plans to increase its interim dividend to 2.7p per share.
Quartix continues to benefit from improving profitability, a strong balance sheet with minimal debt and an attractive valuation supported by dividend payments. However, weaker technical indicators, including the shares trading below key moving averages and negative momentum signals, suggest investor sentiment remains cautious despite the company’s solid underlying financial performance.
More about Quartix Technologies plc
Quartix Technologies plc is a UK-based provider of subscription vehicle tracking systems, fleet telematics software and related services. The company generates the majority of its income from recurring software subscriptions and serves customers across the UK, Ireland, France, the United States and several other European markets. Its business model focuses on building long-term recurring revenue through fleet management solutions that help businesses improve vehicle efficiency, compliance and operational performance.
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