Quartix Technologies plc
Quartix Technologies plc is one of Europe's leading suppliers of subscription-based vehicle tracking systems, analytical software and services, serving mainly small-to-medium businesses with mobile workforces (principally tradespeople) across the UK, France, USA, Italy, Spain and Germany. The Group designs, develops, manufactures (via a third-party Chinese facility) and supplies telematics hardware and a web/mobile software platform on a recurring subscription basis, with 333,922 vehicle units subscribed and 32,942 customers at FY2025 year end. It has operated on a subscription model since its 2001 foundation and holds London Stock Exchange's Green Economy Mark.
FY2025 in sixty seconds
year to 31 Dec 2025 · approved 25 Mar 2026 · 100 pages · Companies House
Quartix Technologies sells subscription vehicle-tracking systems and software, mainly to small businesses whose staff work on the road, such as tradespeople. In 2025 its revenue rose to £35.7m from £31.8m, and profit before tax climbed to £8.7m from £6.5m.
The report credits more vehicles signing up, more new customers, price rises and sales of add-on dashboard cameras. Cheaper 4G tracking units also helped. Against that, spending on sales and marketing rose, and a first-half reorganisation brought one-off costs of £0.4m. Last year's figures were restated after the accounting regulator challenged how the company treated its tracking devices, and the company has set money aside for a possible resulting tax bill.
Cash at the year end was £5.6m, up from £3.1m. The company has no borrowings and raised no money from shareholders. The dividend for the year rose to 10p from 4.5p. Management called 2025 "outstanding progress" and looks forward to further substantial progress in 2026, with more investment in sales. The auditor gave a clean opinion. Risks flagged include older mobile networks being switched off and finding good staff.
Growth in fleet subscription base (vehicle units)
Subscription base grew 11% to 333,922 units; new fleet subscriptions up 7% to 79,576
page 5Lower manufacturing cost of 4G-compatible tracking systems (TCSV17 into production H2 2025)
Gross margin increased from 71.6% (2024) to 73.2% (2025) partly due to reduced cost to manufacture 4G-compatible tracking systems
page 12We made outstanding progress in 2025 on all key measures: ARR and revenue growth; profitability; subscription base expansion; new product development and cost control. Closing ARR was higher than Group revenue for the year, and this augurs well for the achievement of our financial goals for 2026.
page 8Progressive dividend policy over time, aiming at least to maintain dividend per share in ordinary circumstances; the Board seeks to grow the dividend sustainably while prioritising funding of organic investment, value-enhancing opportunities and a strong, efficient balance sheet, taking into account cash generation, future cash requirements and the macro environment. FY2025: interim dividend of 2.5p paid September 2025; final dividend of 7.50p proposed (total 10.00p for the year, 2024: 4.50p), representing a yield of 3.6% on the closing 2025 share price.
page 811 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.
66 figures restated in a later report
Every figure is read again from the following year’s report: 309 confirmed, 2 differ, 66 restated.
| Line | Year | As first filed | In the later report |
|---|---|---|---|
| FY2024 | £6.5mFY2024 report | £6.4mFY2025 report | |
| FY2024 | £28kFY2024 report | £6.8mFY2025 report | |
| FY2024 | £194kFY2024 report | £2.8mFY2025 report | |
| FY2024 | £22.5mFY2024 report | £22.8mFY2025 report | |
| FY2024 | £1.7mFY2024 report | £25kFY2025 report | |
| FY2024 | £2.8mFY2024 report | £9.0mFY2025 report | |
| FY2024 | £151kFY2024 report | £24kFY2025 report | |
| FY2024 | £4.8mFY2024 report | £5.1mFY2025 report | |
| FY2024 | £6.5mFY2024 report | £6.5mFY2025 report | |
| FY2024 | £560kFY2024 report | £15.5mFY2025 report | |
| FY2024 | £6.3mFY2024 report | £6.5mFY2025 report | |
| FY2024 | £2.3mFY2024 report | £66kFY2025 report | |
| FY2024 | £32.4mFY2024 report | £31.8mFY2025 report | |
| FY2024 | £1.5mFY2024 report | £1.3mFY2025 report | |
| FY2024 | £30.4mFY2024 report | £38.5mFY2025 report | |
| FY2024 | £14.0mFY2024 report | £8.6mFY2025 report | |
| FY2024 | £9.4mFY2024 report | £8.9mFY2025 report | |
| FY2024 | £19.6mFY2024 report | £28.8mFY2025 report | |
| FY2024 | £10.8mFY2024 report | £9.6mFY2025 report | |
| FY2024 | −£2.5mFY2024 report | −£378kFY2025 report |
46 more figures were restated in FY2015 to FY2022, which a free account opens.