Business
Trading Update
ENGAGE XR Holdings Plc expects to report revenue of approximately €1.9 million for the twelve months ending December 31, 2025, a decrease from €3.4 million in 2024, attributed to contract signing delays and lower enterprise sales and renewals, particularly impacting Q4 performance. The company anticipates an EBITDA loss of around €2.4 million, broadly in line with expectations due to a focus on operational efficiencies and cost control, while year-end cash balances are projected at €1.6 million, exceeding market expectations. Despite enterprise headwinds, ENGAGE XR is experiencing growth in the K-12 education sector, with platform usage increasing and several clients expanding their license volumes, and has recently released an update supporting newer Chromebook devices. Disclaimer*
About this update from Engage Xr Holdings Plc
[{"type":"text","content":"\n\n7 January 2026\n \nENGAGE XR Holdings Plc\n(\"ENGAGE XR\" or the \"Group\")\n \nTrading Update\n \n \nENGAGE XR Holdings Plc, an AI/Spatial Computing technology company, announces the following update on trading for the 12 months ending 31 December 2025.\n \nFinancial Highlights:\n \n· The Group expects to report revenue of c.€1.9m (2024: €3.4m) with the Company experiencing delays in contracts being signed and lower than expected enterprise sales and renewals during the year;\n· The Group expects to report an EBITDA loss of c.€ 2.4m (2024: loss of €4.0m), broadly in line with market expectations as management continued to focus on operational efficiencies and strong cost control; and\n· With management's focus on cost control and cash, cash balances at year end was €1.6m ahead of market expectations (31 December 2024: €3.6m).\n \nENGAGE's primary enterprise use case was training and onboarding new hires, and the global slowdown in hiring especially across the technology sector significantly impacted demand during 2025. Several of our larger enterprise clients renewed at materially lower levels or didn't renew during the second half of the year, which resulted in a lower than expected Q4 performance.\n \nWe have seen continued traction within the K-12 education sector, where platform usage is increasing. Several larger clients have expanded their licence volumes over the past year and ENGAGE is now serving both the 'homeschool' and 'in-class' lab environments, representing a strategic realignment with the platform's original design and core strengths.\n \nIn late December 2025, ENGAGE released an update to support newer Chromebook devices and will be demonstrating the platform alongside Lenovo at the Bett Conference in London on 21 January 2026. Official Chromebook support was driven by direct client demand and enables greater scalability within the US education market, where Chromebooks are the dominant device.\n \nHaving regard to the current trading performance of the Company, the Board is also very much focussed on the Company's cash resources and this will remain a key priority to ensure the company continues to have the required cash resources to fund its operations and to deliver against the opportunities the Board sees for ENGA...