Quartix (LSE:QTX) reported that revenue for 2025 increased by 12% compared with the previous year, supported by continued expansion in its vehicle tracking subscription base.
The company said adjusted earnings per share rose 25% year-on-year, while annualised recurring revenue climbed 14% to £37.0 million. Growth was largely driven by an increase in fleet subscriptions and the associated recurring income generated from those contracts.
Executive Chairman Andy Walters said improvements in operational efficiency and cost reductions also contributed to the stronger profitability during the year.
In the UK, the company’s upselling programme — including the introduction of a new dashboard camera option — played a notable role in increasing recurring revenue from existing customers.
Looking ahead, Quartix plans to continue investing in sales channels across its six target markets during 2026. While the company expects further operational progress, it has not issued specific financial guidance for the year.
For the full year, Quartix reported a pretax profit of £8.70 million.
More about Quartix
Quartix Technologies plc is a UK-based provider of vehicle tracking systems and fleet management solutions. The company focuses on subscription-based services for businesses operating vehicle fleets, offering tools that help improve operational efficiency, monitor driver behaviour and optimise fleet performance across multiple markets.
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