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Trainline PLC (LSE:TRN) reported a strong performance for the first half of its 2025 financial year, surpassing previous growth forecasts. The company's total revenue increased by 17% to £229 million, exceeding the anticipated 16% growth. Net ticket sales also saw a 14% rise, reaching £3 billion.
Despite these positive results, the growth rate was slower compared to the same period last year. During the previous year, Trainline achieved a 19% increase in revenue and a 23% rise in net ticket sales. The deceleration in growth this year reflects broader market conditions and competitive pressures.
The company's performance varied significantly by region. Trainline experienced notable growth in Spain and Italy, with combined net ticket sales rising by 23% year-on-year. This success is attributed to the widespread adoption of digital ticketing in these markets, where Trainline has established a strong position. In Spain alone, net ticket sales tripled over the past year, and the company attracted over one million customers within the last 12 months.
In the UK, where Trainline faces challenges such as widespread strikes and the expansion of Transport for London's contactless travel zones, net ticket sales increased by 15% to £2 billion. These factors have impacted the company’s operational dynamics in its home market.
Jody Ford, Chief Executive of Trainline, commented on the results, emphasizing the company's role as Europe's leading rail app. Ford highlighted that Trainline's performance underscores its commitment to innovation and its ability to enhance digital ticketing options for customers. The company remains focused on delivering value and convenience amidst growing competition among rail carriers across Europe.
