Thruvision Group PLC (AIM:THRU, OTC:DIGTF), in an update ahead of its AGM later today, revealed a 36% increase in revenue to £2.6 million for the six months ended 30 September 2025.
Growth was driven by sales in the firm's 'entrance' market in which it supplies walk-through security equipment to prisons and other venues, as well as its customers in the retail sector.
Specifically, it noted that in the entrance market first half revenues included a previously announced contract for 20 systems, worth more than £1 million, from a new government customer in Asia.
Elsewhere, there was no significant revenue from the customs or aviation markets in the first half, although there is active customer engagement in both markets, where Thruvision is hopeful it will convert sales in the second half of the financial year.
"The business experienced a slow-down in sales closures in the second quarter, as previously reported, although sales activity remains high and several high-value opportunities are currently being pursued across our target markets," chair Tom Black said in a statement.
"During the period, we have broadened our reach with additions to our reseller network. We have also successfully completed testing under the UK Government National Protective Security Authority's Threat Detection Systems Test Method."
It ended September with £2.1 million of cash, and it said the inventory was worth £3.7 million.