Trainline has significantly increased the remuneration of its chief executive following a surge in profit during its latest financial year, according to recent disclosures.
Jody Ford’s total earnings reached £5.6m, up from £2.4m the previous year, bolstered by £3.6m in vested shares that matured at the end of the period, as reported by City AM.
The company reported a pre-tax profit of £80.8m for the year ending 28 February, 2025, a substantial increase from £48.1m in the preceding year.
Revenue also rose from £396.7m to £442m, as detailed in results filed with the London Stock Exchange.
Trainline bosses ‘instrumental’ to success
In Trainline’s annual report, Rakhi Goss-Custard, chair of the remuneration committee, commented on the performance: “This strong performance in FY2025 meant Trainline achieved the stretch FY2025 annual bonus financial targets but not the maximum targets that were set at the start of the year for group net ticket Sales, revenue and adjusted EBITDA.”
She further noted: “Performance against strategic targets for the FY2025 annual bonus were broadly below threshold, highlighting the level of stretch the committee ensured was applied to performance targets.”
She further stated: “Jody and Pete [Wood, CFO] were instrumental in delivering the ambitious and demanding targets set by the committee back in 2022, in particular given the backdrop at the time of regulatory uncertainty in the UK, which has continued throughout the performance period, and the growth required in the International business to achieve those targets.
“As a result of this exceptional performance, 88 per cent of the FY2023 PSP award for the CEO and CFO will vest.
“Share awards to the wider employee population will similarly vest in early FY2026 sharing the success of this performance across the business.”
