diff --git a/Makefile b/Makefile
index dfaa850..634a5b9 100644
--- a/Makefile
+++ b/Makefile
@@ -13,7 +13,7 @@ include ../phoenix-rtos-build/Makefile.common
 # DEFAULT_COMPONENTS are shared between all targets
 DEFAULT_COMPONENTS := libcgi libvirtio libvga libgraph libstorage \
   libmtd libptable libuuid libcache libswdg libmbr libtinyaes libalgo \
-  libmodbus
+  libmodbus libtrace
 
 # read out all components
 ALL_MAKES := $(wildcard */Makefile) $(wildcard */*/Makefile)
diff --git a/libtrace/Makefile b/libtrace/Makefile
new file mode 100644
index 0000000..20414d4
--- /dev/null
+++ b/libtrace/Makefile
@@ -0,0 +1,15 @@
+#
+# Makefile for trace library
+#
+# Copyright 2025 Phoenix Systems
+#
+# This file is part of Phoenix-RTOS.
+#
+# %LICENSE%
+#
+
+NAME := libtrace
+LOCAL_SRCS := trace.c
+LOCAL_HEADERS := trace.h
+
+include $(static-lib.mk)
diff --git a/libtrace/trace.c b/libtrace/trace.c
new file mode 100644
index 0000000..b931435
--- /dev/null
+++ b/libtrace/trace.c
@@ -0,0 +1,330 @@
+/*
+ * Phoenix-RTOS
+ *
+ * Trace library
+ *
+ * Copyright 2025 Phoenix Systems
+ * Author: Adam Greloch
+ *
+ * %LICENSE%
+ */
+
+
+#include <assert.h>
+#include <errno.h>
+#include <stdlib.h>
+#include <stdbool.h>
+#include <string.h>
+#include <unistd.h>
+#include <limits.h>
+
+#include <sys/perf.h>
+#include <sys/stat.h>
+
+#include <board_config.h>
+
+#include "trace.h"
+
+
+#define MS_BETWEEN(ts0, ts1) (((ts1).tv_sec - (ts0).tv_sec) * 1000 + ((ts1).tv_nsec - (ts0).tv_nsec) / (1000 * 1000))
+
+
+#define LOG_TAG "trace: "
+
+/* clang-format off */
+#define log_info(fmt, ...) do { if (!ctx->silent) { fprintf(stderr, LOG_TAG fmt "\n", ##__VA_ARGS__); } } while (0)
+#define log_warning(fmt, ...) do { log_info("warning: " fmt, ##__VA_ARGS__); } while (0)
+#define log_error(fmt, ...) do { log_info("error: " fmt, ##__VA_ARGS__); } while (0)
+/* clang-format on */
+
+
+#ifndef PERF_RTT_ENABLED
+#define PERF_RTT_ENABLED 0
+#endif
+
+
+static void done(trace_ctx_t *ctx)
+{
+	if (ctx->chans != NULL) {
+		for (size_t i = 0; i < ctx->nchans; i++) {
+			if (ctx->chans[i].dest != NULL && fclose(ctx->chans[i].dest) < 0) {
+				log_error("fclose on '%s' failed", ctx->chans[i].name);
+			}
+		}
+
+		free(ctx->chans);
+		ctx->chans = NULL;
+	}
+	ctx->nchans = 0;
+
+	if (ctx->buf != NULL) {
+		free(ctx->buf);
+		ctx->buf = NULL;
+		ctx->bufsize = 0;
+	}
+
+	if (ctx->warnReadTooSlow) {
+		log_warning("read buffer was fully utilized during perf_read - read rate may be too slow");
+		ctx->warnReadTooSlow = false;
+	}
+
+	if (ctx->state != trace_state_init) {
+		int ret = perf_finish(perf_mode_trace);
+		if (ret < 0) {
+			log_error("perf_finish failed: %d", ret);
+		}
+		else {
+			ctx->state = trace_state_init;
+			log_info("finished");
+		}
+	}
+
+	ctx->rolling = false;
+}
+
+
+#if PERF_RTT_ENABLED
+static int initChannels(trace_ctx_t *ctx, size_t bufsize, const char *outputDir) { return EOK; }
+
+
+static size_t readChannels(trace_ctx_t *ctx) { return 0; }
+#else
+static int initChannels(trace_ctx_t *ctx, size_t bufsize, const char *outputDir)
+{
+	int res;
+	char path[PATH_MAX];
+	struct stat sb;
+
+	if (bufsize == 0 || outputDir == NULL) {
+		return -EINVAL;
+	}
+
+	if (ctx->chans != NULL) {
+		/* already initialized */
+		return EOK;
+	}
+
+	ctx->chans = calloc(ctx->nchans, sizeof(chan_t));
+	if (ctx->chans == NULL) {
+		log_error("malloc failed");
+		return -ENOMEM;
+	}
+
+	ctx->buf = malloc(bufsize);
+	if (ctx->buf == NULL) {
+		log_error("malloc failed");
+		return -ENOMEM;
+	}
+	ctx->bufsize = bufsize;
+
+	res = stat(outputDir, &sb);
+	if (res == 0 && !S_ISDIR(sb.st_mode)) {
+		log_error("%s is not a directory", outputDir);
+		return -ENOENT;
+	}
+
+	if (res < 0) {
+		if (mkdir(outputDir, 0777) < 0) {
+			log_error("mkdir failed: %s", strerror(errno));
+			return -EIO;
+		}
+	}
+
+	for (size_t i = 0; i < ctx->nchans / trace_channel_count; i++) {
+		for (size_t j = 0; j < trace_channel_count; j++) {
+			chan_t *chan = &ctx->chans[j + trace_channel_count * i];
+			res = snprintf(chan->name, sizeof(chan->name), "%s%zu",
+					j == trace_channel_meta ? "channel_meta" : "channel_event", i);
+			if (res < 0 || res >= sizeof(chan->name)) {
+				log_error("snprintf failed");
+				return -ENOMEM;
+			}
+		}
+	}
+
+	for (size_t i = 0; i < ctx->nchans; i++) {
+		chan_t *chan = &ctx->chans[i];
+
+		res = snprintf(path, sizeof(path), "%s/%s", outputDir, chan->name);
+		if (res < 0 || res >= sizeof(path)) {
+			log_error("snprintf failed");
+			return -ENOMEM;
+		}
+
+		FILE *destFile = fopen(path, "wb");
+		if (destFile == NULL) {
+			log_error("failed to open '%s': %s", path, strerror(errno));
+			return -EIO;
+		}
+
+		chan->dest = destFile;
+	}
+
+	return EOK;
+}
+
+
+static size_t readChannels(trace_ctx_t *ctx)
+{
+	int bcount;
+	size_t total = 0;
+
+	for (size_t i = 0; i < ctx->nchans; i++) {
+		chan_t *chan = &ctx->chans[i];
+
+		bcount = perf_read(perf_mode_trace, ctx->buf, ctx->bufsize, i);
+		if (bcount < 0) {
+			log_error("perf_read failed: %d", bcount);
+			return -EIO;
+		}
+
+		total += bcount;
+
+		if (ctx->bufsize == bcount && !ctx->rolling) {
+			ctx->warnReadTooSlow = true;
+		}
+
+		int ret = fwrite(ctx->buf, 1, bcount, chan->dest);
+		if (ret < bcount) {
+			log_error("failed or partial write: %d/%d", ret, bcount);
+			return -EIO;
+		}
+
+		log_info("wrote %d/%zu bytes to %s", bcount, ctx->bufsize, chan->name);
+	}
+
+	return total;
+}
+#endif
+
+
+int trace_init(trace_ctx_t *ctx, bool silent)
+{
+	if (ctx == NULL) {
+		return -EINVAL;
+	}
+
+	ctx->outputDir = NULL;
+	ctx->chans = NULL;
+	ctx->nchans = 0;
+	ctx->buf = NULL;
+	ctx->bufsize = 0;
+	ctx->rolling = false;
+	ctx->warnReadTooSlow = false;
+	ctx->state = trace_state_init;
+	ctx->silent = silent;
+
+	return EOK;
+}
+
+
+static int startTrace(trace_ctx_t *ctx, bool rolling)
+{
+	int flags = 0;
+
+	if (ctx == NULL || ctx->state != trace_state_init) {
+		return -EINVAL;
+	}
+
+	if (rolling) {
+		ctx->rolling = true;
+		flags |= PERF_TRACE_FLAG_ROLLING;
+	}
+
+	int ret = perf_start(perf_mode_trace, flags, NULL, 0);
+	if (ret < 0) {
+		log_error("perf_start failed: %d", ret);
+		ctx->rolling = false;
+		return ret;
+	}
+
+	ctx->nchans = ret;
+	ctx->state = trace_state_started;
+
+	log_info("started");
+
+	return EOK;
+}
+
+
+int trace_start(trace_ctx_t *ctx)
+{
+	return startTrace(ctx, true);
+}
+
+
+int trace_stopAndGather(trace_ctx_t *ctx, size_t bufsize, const char *outputDir)
+{
+	if (ctx == NULL || ctx->state == trace_state_stopped) {
+		return -EINVAL;
+	}
+
+	int ret = perf_stop(perf_mode_trace);
+	if (ret < 0) {
+		log_error("perf_stop failed: %d", ret);
+		done(ctx);
+		return ret;
+	}
+
+	log_info("stopped");
+
+	ctx->nchans = ret;
+	ctx->state = trace_state_stopped;
+	ctx->rolling = true;
+
+	ret = initChannels(ctx, bufsize, outputDir);
+	if (ret < 0) {
+		done(ctx);
+		return ret;
+	}
+
+	while (readChannels(ctx) > 0) { }
+
+	log_info("nothing left to write, exiting");
+
+	done(ctx);
+
+	return EOK;
+}
+
+
+int trace_record(trace_ctx_t *ctx, time_t sleeptimeMs, time_t durationMs, size_t bufsize, const char *outputDir)
+{
+	struct timespec ts[2];
+	int ret = startTrace(ctx, false);
+	if (ret < 0) {
+		return ret;
+	}
+
+	ret = initChannels(ctx, bufsize, outputDir);
+	if (ret < 0) {
+		done(ctx);
+		return ret;
+	}
+
+	clock_gettime(CLOCK_MONOTONIC_RAW, &ts[0]);
+
+	for (;;) {
+		ret = readChannels(ctx);
+		if (ret < 0) {
+			break;
+		}
+
+		clock_gettime(CLOCK_MONOTONIC_RAW, &ts[1]);
+		time_t ms = MS_BETWEEN(ts[0], ts[1]);
+		if (ms >= durationMs) {
+			/*
+			 * exit the trace and gather all that's left - otherwise there could be garbage
+			 * at the end of trace in multicore scenario
+			 */
+			ret = trace_stopAndGather(ctx, bufsize, outputDir);
+			break;
+		}
+
+		usleep(sleeptimeMs * 1000);
+	}
+
+	done(ctx);
+
+	return ret;
+}
diff --git a/libtrace/trace.h b/libtrace/trace.h
new file mode 100644
index 0000000..032ba7c
--- /dev/null
+++ b/libtrace/trace.h
@@ -0,0 +1,61 @@
+/*
+ * Phoenix-RTOS
+ *
+ * Trace library
+ *
+ * Copyright 2025 Phoenix Systems
+ * Author: Adam Greloch
+ *
+ * %LICENSE%
+ */
+
+#ifndef _PERF_H
+#define _PERF_H
+
+#include <stdbool.h>
+#include <stddef.h>
+#include <stdio.h>
+
+typedef struct {
+	char name[16];
+	FILE *dest;
+} chan_t;
+
+
+typedef struct {
+	const char *outputDir;
+
+	chan_t *chans;
+	size_t nchans;
+
+	char *buf;
+	size_t bufsize;
+
+	bool rolling;
+	bool warnReadTooSlow;
+
+	/* clang-format off */
+	enum { trace_state_init = 1, trace_state_started, trace_state_stopped } state;
+	/* clang-format on */
+
+	bool silent;
+} trace_ctx_t;
+
+
+/* Initializes trace context. */
+int trace_init(trace_ctx_t *ctx, bool silent);
+
+
+/* Records trace for a given duration. If RTT is not used, gathers trace during recording in sleeptimeMs intervals to outputDir */
+int trace_record(trace_ctx_t *ctx, time_t sleeptimeMs, time_t durationMs, size_t bufsize, const char *outputDir);
+
+
+/* Starts trace in rolling window mode. Trace must be completed with call to trace_stopAndGather() */
+int trace_start(trace_ctx_t *ctx);
+
+
+/* Ends trace started with trace_start(). If RTT is not used, gathers recorded trace to outputDir */
+int trace_stopAndGather(trace_ctx_t *ctx, size_t bufsize, const char *outputDir);
+
+
+#endif