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Investing.com -- Trainline (LON:TRNT) on Wednesday reported a 12% increase in net ticket sales to £5.9 billion and a 12% rise in revenue to £442 million.
Adjusted EBITDA grew 30% to £159 million, reflecting strong cost management. The company saw a 54% increase in operating profit to £86 million.
Basic earnings per share rose 80%, while adjusted basic earnings per share grew 56%. Operating free cash flow increased 20% to £110 million.
Trainline also strengthened its position as Europe’s most downloaded rail app, with 27 million active users. In the UK, it reached 18 million active customers, with e-ticket penetration growing from 47% to 52%.
The company’s digital railcard users rose by 9%, totaling 2.3 million. It introduced an app update reducing purchase time by 36% and launched an AI Travel Assistant.
In Europe, Trainline’s Spanish business nearly tripled net ticket sales to €199 million, while its share of top routes grew from 5% to 12%.
Brand awareness in Spain surged from 8% to 31%. The company is also seeing growth in France and Italy, where liberalized high-speed rail routes are expected to drive €12 billion in industry sales by 2030.
International B2B distribution saw a 63% increase in net ticket sales through Trainline’s Global API.
In terms of capital allocation, the company launched a new £75 million share repurchase program in March 2025, completing £29 million of repurchases by April’s end.
Since the buyback program’s start in September 2023, £154 million of shares have been repurchased.
Chief executive Jody Ford noted Trainline’s sustained investment in technology and its ongoing focus on greener, digital-first rail travel, which now accounts for more than 50% of the UK’s industry ticket sales.