Revenue Growth#
Quartix, a vehicle tracking supplier based in the UK, announced a 12% increase in revenue for the year 2025 compared to the previous year. This growth highlights the company's strong performance in a competitive market.
Earnings and Recurring Revenue#
The company also reported a 25% rise in adjusted earnings per share, a measure of profitability that reflects the company's financial health. Additionally, its annualized recurring revenue, which indicates the predictable income from subscriptions, grew by 14%, reaching £37.0 million. This increase is largely attributed to the expansion of Quartix's fleet subscription base.
Factors Driving Growth#
Executive Chairman Andy Walters noted that improved operational efficiency and cost reductions played a significant role in boosting profits. Furthermore, a new upsell program featuring a dashboard camera option contributed notably to the growth of recurring revenue in the UK market.
Future Plans#
Looking ahead to 2026, Quartix plans to continue investing in its sales channels across six targeted markets. While the company anticipates further progress in the upcoming year, it has not provided specific financial guidance. For 2025, Quartix reported a full-year pretax profit of £8.70 million, underscoring its successful year.