Thruvision, the international provider of walk-through security technology, has provided a short update on trading for the year ending 31 March 2025. The group’s diversified business model, with a broad customer base in a number of international markets, is continuing to bear fruit, with several significant opportunities totalling a potential contract value of £15m. However, orders, particularly in the Customs division, are inherently lumpy and while some of these material opportunities were expected to come through in Q4 FY25, discussions with associated customers suggest they will be predominantly in FY26. While the material order backlog remains intact, we reduce FY25E estimates to reflect the timing of these opportunities.