Trainline has significantly increased its CEO’s remuneration after a notable rise in profits over the latest fiscal year.
Jody Ford’s total compensation reached £5.6 million, a jump from the £2.4 million he received the prior year.
As per Trainline’s annual report, Ford’s salary package was substantially enhanced by £3.6 million in vested shares that matured at the conclusion of the period.
Earlier this month, the firm disclosed a pre-tax profit of £80.8 million for the year ending 28 February 2025, which is an increase from £48.1 million the year before.
As reported to the London Stock Exchange, Trainline’s revenue also experienced growth during the same timeframe, rising from £396.7 million to £442 million.
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In Trainline’s annual report, remuneration committee chair Rakhi Goss-Custard stated: “This impressive performance in FY2025 allowed Trainline to meet the ambitious FY2025 annual bonus financial objectives but not the maximum targets set for group net ticket sales, revenue, and adjusted EBITDA.
“Performance against strategic goals for the FY2025 annual bonus were generally below threshold, emphasizing the rigor of stretch the committee applied to performance expectations.”
She additionally noted, “Jody and Pete [Wood, CFO] were vital in achieving the ambitious and challenging targets established by the committee back in 2022, especially considering the ongoing regulatory uncertainty in the UK and the international growth necessary to meet those objectives.
“Due to this remarkable performance, 88 percent of the FY2023 PSP award for the CEO and CFO will vest.
“Share awards for the broader employee base will also vest in early FY2026, distributing the success throughout the organization.”
