Trainline (LSE:TRN) reported group net ticket sales of £3.3 billion for the first half of FY2027, broadly unchanged year on year, while underlying revenue declined 1% to £233 million.
UK Consumer net ticket sales were stable at £2.1 billion. The company said trading during the period was affected by a regulated fare freeze, strike and weather-related disruption and competition from train operators’ own sales channels.
UK Consumer underlying revenue declined 5% to £102 million, mainly reflecting changes to refund policy and previous commission reductions, partly offset by higher ancillary revenue.
International Consumer net ticket sales fell 4% to £579 million, with Trainline citing rail accidents in Spain, lower foreign travel demand and network disruption. Underlying revenue from the segment increased 1%.
Trainline Solutions recorded a 3% increase in net ticket sales to £548 million. International B2B sales increased 45%, while the expiry of some UK white-label contracts partly offset that growth.
The company expects group adjusted EBITDA as a percentage of net ticket sales to be slightly above its full-year guidance of approximately 2.9%. Trainline reaffirmed its FY2027 outlook for net ticket sales, revenue and profitability and continues to expect International Consumer to reach breakeven.
Trainline also announced a new £100 million share buyback programme, which will begin after completion of its existing programme. The company said this will bring total share repurchases since 2023 to £350 million, with its share count reduced by approximately 28% over that period.
The group is also engaging with the competition regulator regarding an investigation into its presentation of fees.
More about Trainline
Trainline plc operates a digital rail and coach travel platform through its website and mobile application, providing access to routes, fares and journey information from carriers across Europe.
The company operates consumer businesses in the UK and international markets as well as its B2B Trainline Solutions division. Its services also include digital railcards, insurance, advertising and other ancillary products.
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