Pallet-Track parent firm northstarr has praised its “exceptionally strong” financial results, which showed double-digit growth in revenue and profits.
The tech-led logistics group saw turnover increase by 11.1% to £167.4m in 2025 and pre-tax profit rose by 19.4% to £6.6m.
Gross profit increased by £5.6m – 30% – to £24.2m and operating profit increased to £6.6m from £5.5m in 2024.
Adjusted EBITDA was the highest in the group’s history, increasing by £3.3m to £10.8 during the period.
Investment across the group, which as well as including its pallet network also includes warehousing specialist Sqrrl Solutions, cloud-based transport management provider Truckcom and 4PL transport operator X2, grew six-fold to £10m from £1.7m the year before.
Group chief executive Stuart Godman said: “These are an exceptionally strong set of results and ably demonstrate the growth trajectory across the northstarr group.
“Pallet-Track has once again produced outstanding results, delivering record volumes, growth and service excellence via our shareholder members, which truly makes it the pallet network of choice.
“That performance has been complemented by the strategic acquisitions of Sqrrl Solutions and Truckcom, followed by X2 in 2026, as we continue to build a broader logistics group capable of providing smarter, data-driven and more flexible supply chain solutions.”
Godman said its “record levels of investment” reflected the group’s confidence in long-term opportunities and he added: “Looking ahead, our strategy is clear and we remain confident about the group’s trading performance for the remainder of 2026 and beyond, even with industry costs rising and the general pressures of the wider UK economy.”
