Touchstar reported resilient earnings during a year of transformation in 2025A. Revenue, adjusted PBT, the dividend and net cash were all in line with our forecasts. The restructuring completed during the year has created two more balanced and commercially focused divisions—IQ Logistics and Fire & Security. Recurring revenue grew by over 5% to c.£3.2m, representing 47% of total turnover and reinforcing the shift towards a more predictable business model. Net cash remained strong, despite dividen ....
