**Summary**
Trainline PLC reported robust financial results for the twelve months ended February 28, 2026, with net ticket sales increasing by 7% to £6.3 billion and revenue growing by 2% to £453 million. Adjusted EBITDA rose by 11% to £177 million, driven by operating leverage and cost discipline. Operating profit surged by 43% to £122 million, and basic earnings per share increased by 48% to 19.4p. The companys strategic focus on technology and data, including AI-powered features and integration with ChatGPT, has strengthened its position as Europes leading rail app. Trainline also expanded its market presence, particularly in South-East France, and improved profitability in its International Consumer segment. The companys share buyback program progressed significantly, with £94 million repurchased under the current £150 million program. Looking ahead, Trainline expects net ticket sales of £6.2 to £6.45 billion and revenue of £440 to £455 million in FY2027, with adjusted EBITDA margins improving to around 2.9%. The company remains committed to its capital allocation framework, prioritizing investment in strategic priorities and returning surplus capital to shareholders.
| Financial Metric | FY2026 | FY2025 | YoY Change |
|---|---|---|---|
| Net Ticket Sales (£m) | 6,319 | 5,907 | +7% |
| Revenue (£m) | 453 | 442 | +2% |
| Adjusted EBITDA (£m) | 177 | 159 | +11% |
| Operating Profit (£m) | 122 | 86 | +43% |
| Adjusted Basic Earnings per Share (pence) | 23.6 | 19.2 | +23% |
| Basic Earnings per Share (pence) | 19.4 | 13.1 | +48% |
| Adjusted Free Cash Flow (£m) | 66 | 72 | -9% |
| Net Debt (£m) | 170 | 76 | +124% |