Journeo plc
Journeo plc (AIM: JNEO), formerly 21st Century Technology plc, is a UK-headquartered group providing intelligent systems for transport networks and critical national infrastructure, organised around Integrated Services, Information Systems and Infrastructure Protection. It operates through Journeo Fleet Systems, Journeo Passenger Systems, Infotec (rail passenger information displays), Journeo A/S (Nordic fleet/infotainment) and, following a September 2025 acquisition, Crime and Fire Defence Systems (CFDS), a specialist infrastructure-protection integrator for UK Critical National Infrastructure, Defence and Utilities customers. FY2025 group revenue was £55.0m, generated mainly in the UK bus, rail and now security/defence markets, with smaller Nordic and US-facing operations.
FY2025 in sixty seconds
year to 31 Dec 2025 · approved 24 Mar 2026 · 100 pages · Companies House
Journeo plc, which supplies information, safety and security systems for buses, trains and critical infrastructure, grew revenue to £55.0m in the year to 31 December 2025, from £49.6m the year before. Profit before tax rose to £5.6m from £5.0m, but profit after tax slipped to £4.2m from £4.5m.
Growth came from the on-street Passenger Systems business and from Crime and Fire Defence Systems, a security specialist bought in September 2025. Sales at Infotec, the rail display business, fell after a New York subway contract finished in 2024. Stronger group purchasing power helped the company keep more of each pound of sales. The tax charge rose because past tax losses have now been used up, and the deal brought some one-off costs.
Cash at the year end was £12.0m, down from £14.3m, after £9.8m was spent on the acquisition. Borrowings were minimal, £1.4m was raised from new shares, and no dividend is proposed. The board says strong order books and a growing pipeline give it confidence of further growth, while listing changes in government policy among its risks. The auditor's opinion was clean and the directors raised no going-concern doubt.
UK Government transport funding (Bus Services Act 2025, Local Transport Grant, Transforming Cities Region funding, £17.9bn committed short-to-medium term)
Government commitments to transport are directing substantial funding to markets in which Journeo operates
page 18Cross-group purchasing power and combined manufacturing
Gross margin increased by 4% to 40% (2024: 36%), as cross-group collaboration and the stronger group purchasing power combined with a moving revenue mix to reduce cost of sales
page 32We are a stronger, more resilient and more capable organisation than the Journeo of just a few years ago.
page 6No dividend recommended for 2025 (2024: £nil). Report records a profit after tax of £4.2m; Board not proposing payment of a dividend at the forthcoming AGM.
page 5211 years on one page · FY2015–FY2025
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GBP millions, negatives in brackets. Per-share lines in pence. Share counts in millions. Margins and returns as percentages, calculated from the filed figures. later is what a following report restated the figure to; vs is a second reading that disagrees. The figure shown is the one the original filing printed, and both readings are kept. Click any figure: opens the report page it was read from, highlighted; shows how it was calculated.
6 figures restated in a later report
Every figure is read again from the following year’s report: 396 confirmed, 1 differ, 6 restated.
No figure has been restated: every figure a later report printed again, it printed the same.
6 more figures were restated in FY2015 to FY2022, which a free account opens.