Trainline PLC
LSE:TRN

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Trainline PLC Logo
Trainline PLC
LSE:TRN
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Price: 218.2 GBX Market Closed
Market Cap: 882.9m GBX

Trainline PLC
Investor Relations

Trainline PLC, a prominent name in the realm of European train and coach travel, embarked on its journey embracing the digital age with vigor. Originating as a ticketing platform in the UK, it has swiftly expanded its reach across Europe, offering a comprehensive digital solution for travelers seeking efficient rail and coach transportation. Trainline PLC operates as an aggregator, centralizing schedules, prices, and booking services for multiple train operators and bus companies. This consolidation simplifies the often complex web of transport options, providing users with a seamless booking experience. By leveraging its extensive database and partnerships, Trainline effectively streamlines the travel planning process for millions, turning a traditionally cumbersome task into a straightforward digital interaction.

The company's business model is anchored in the convenience it provides to travelers, making its revenue through both booking fees and commissions from its partner companies. As travelers use Trainline's platform to purchase tickets, the company collects a small fee for each transaction, which constitutes a significant portion of its income. Additionally, by partnering with train and bus operators, Trainline earns a commission for facilitating these sales. This dual revenue stream not only ensures steady cash flow but also incentivizes Trainline to continually improve and innovate its service offerings. As travel habits evolve and digital solutions become increasingly sought after, Trainline positions itself not just as a ticket seller, but as a vital cog in the machinery of modern European travel.

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Last Earnings Call
Fiscal Period
Q2 2026
Call Date
Nov 5, 2025
AI Summary
Q2 2026

Profit Guidance Raised: Trainline increased its full-year adjusted EBITDA guidance to 10–13% growth, above the previous 6–9% range, driven by strong earnings and cost management.

Strong H1 Performance: Net ticket sales rose 8% to GBP 3.2 billion, and adjusted EBITDA increased 14% to GBP 93 million, with earnings per share up 27%.

Cash Generation & Buybacks: Underlying free cash flow was GBP 79 million, supporting an enhanced share buyback program targeting GBP 350 million over three years (about one-third of market cap).

Growth Across Units: UK Consumer, International, and B2B all delivered growth, with notable momentum in Southeast France and international B2B distribution up 55%.

Regulatory Progress: UK government is moving forward on rail retail market reforms, with Trainline encouraged by government commitments to a level playing field.

Product Innovation: Rollout of new AI-powered disruption features and a digital pay-as-you-go trial in the UK, with positive early feedback.

Marketing Rebalancing: In Spain, Trainline is shifting from high spend to balanced growth, reallocating resources to France as market opportunities arise.

Key Financials
Net Ticket Sales
GBP 3.2 billion
Revenue
GBP 235 million
Adjusted EBITDA
GBP 93 million
Adjusted Earnings Per Share
GBP 0.126
Underlying Free Cash Flow
GBP 79 million
UK Consumer Net Ticket Sales
GBP 2.1 billion
International Net Ticket Sales
GBP 594 million
Trainline Solutions Net Ticket Sales
GBP 529 million
International B2B Distribution Growth
up 55%
Enhanced Share Buyback Program
GBP 350 million over 3 years
Digital Railcard Users
2.5 million
Earnings Call Recording
Other Earnings Calls
2026

Management

Mr. Jody Ford
CEO & Executive Director
No Bio Available
Mr. Peter Wood
CFO & Executive Director
No Bio Available
Ms. Milena Nikolic
Chief Technology Officer
No Bio Available
Mr. James Hanratty
General Counsel
No Bio Available
Ms. Victoria Biggs
Chief Communications Officer
No Bio Available
Ms. Lisa Hillier
Chief People Officer
No Bio Available
Mr. Pete Wade
Chief Commercial Officer
No Bio Available
Mr. Dave Price
Chief Product Officer
No Bio Available
Mun Valiji
Chief Information Security Officer
No Bio Available
Dave Lewis
Head of SEO
No Bio Available

Contacts

Address
London
3rd floor, 120 Holborn
Contacts
+442031282089.0
www.thetrainline.com