Operator

Good afternoon, and welcome to the Tracsis Half Year Results Presentation. Today, we are joined by CEO, David Frost; and CFO, Andy Kelly. [Operator Instructions]

I will now hand over to David to begin the presentation.

David Frost
CEO & Director

Ellie, thank you, and good afternoon to you all. Welcome to the Tracsis Interim Results Presentation for FY '26. Thank you for taking the time to join us today. Andy and I will walk you through a review of the performance through the first half before providing an update on the progress we're making against our strategic priorities and the broader direction of the business. We will then close with some key takeaways before opening up to questions.

Before we get into the detail, I'd just like to remind you all of our purpose and vision. Our purpose is simple. We make transport work. We do so to drive safety, efficiency and sustainability in our customers' operations, and we strive to lead the future of sustainable intelligent transport. Transport networks are becoming increasingly digitized and connected. Their importance to the way we live and work continues to grow. Our ambition is to be at the center of that, creating technology and solutions that revolutionize how the world moves.

We have delivered a much improved financial performance versus the first half of FY '25. This reflects stronger execution and the benefits of actions taken over the past 12 months, strengthening delivery, improving profitability and continuing to build higher quality recurring and transactional revenues. Trading through Q3 of our financial year continues to progress well, which leaves us well positioned for the remainder of the year and