Microlise’s interim results provided confirmation of the figures from July’s trading update, showing double-digit recurring revenue growth, margin improvement and a robust net cash position. We note a shift in the outlook statement from “no obvious potential headwinds” in July to caution in this announcement surrounding the impact of tariffs on the automotive sector and wider macroeconomic uncertainty. Zeus forecasts are unchanged, as we believe Microlise’s strong H1 results and contract win mom ....
