Trainline has seen its operating profit jump by 43% to £122m in the year to 28 February, reflecting high earnings and lower share-based payments charge.

The FTSE 250 digital rail and coach technology platform reported that its earnings also increased by 11% to £177m, with operating leverage and cost discipline more than offsetting impact from previous reductions.

Across this period, its net ticket sales also jumped by £6.3bn, while its revenue increased by 2% to £453m.

Furthermore, its basic earnings per share rose by 48% to 19.4 pence.

Trainline currently boasts 27 million active customers, with 18 million UK customers.

Across the year, the firm has leveraged its tech and data strengths s to deploy AI strategy across the business, including launching its AI-powered rail disruption navigation features and has integrated ChatGPT into the Trainline app.

Chief executive officer at Trainline, Jody Ford, who is set to set down from the role, said: "This has been a year of strong delivery for Trainline; with record net ticket sales and revenue, and continued double-digit growth in profitability. As carrier competition expands across Europe, we are positioning ourselves as the market aggregator. This tailwind catalyses our top line growth and improves profitability, with International Consumer set to breakeven for the first time this year.

"Ahead of the creation of GBR Online Retail in the UK, we are working closely with Government to deliver on its commitment to deliver a fair and open regulatory framework. We strongly welcome the recent decision to open Delay Repay to independent retailers, our customers’ number one ask."

In its outlook for the 2027 financial year, the firm expects net ticket sales to reach between £6.2bn and £6.45bn, while its revenue is set to reach between £440m and £445m.

Trainline also anticipates earnings as a percentage of net ticket sales to be around 2.9%, with its international consumer division expected to breakeven this year.

The company has also announced that it has made progress against its enhanced share buyback programme, after it repurchase £94m of its current £150m programme as of 30 April.

Chair at Trainline, Brian McBride, concluded: "The rail industry is entering a period of significant transition. While some uncertainty remains, the direction of travel is becoming clearer. The board remains focused on ensuring Trainline continues to deliver value for customers and partners, engages constructively with Government and regulators and invests to strengthen its competitive position."

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