Business
RM plc: Interim Results
RM plc: Interim Results.
About this update from Rm Plc
[{"type":"text","content":"\n \n \n \n\n\t\n\n\n\n\n\n\n\n\n\n\n\nRM plc (RM.)\n\n\n\n\n\n\nRM plc: Interim Results 15-Jul-2025 / 07:00 GMT/BST\n\n\n15 July 2025\n\nRM plc\n\nInterim Results for the six months ended 31 May 2025\n\nProgress on improving profitability, on course to meet FY25 expectations\n\n \n\nRM plc (‘RM’, the ‘Company’), a leading global educational technology (‘EdTech’), digital learning and assessment solution provider, reports its interim results for the six months ended 31 May 2025.\n\n \n\nFinancial highlights\n\n\n £m\n \n \n HY25\n \n \n HY24 as reported\n \n \n Variance\n \n \n HY24restated1\n \n \n Variance\n \n \n Revenue from continuing operations\n \n \n 73.2\n \n \n 79.2\n \n \n (7.6%)\n \n \n 78.3\n \n \n (6.5%)\n \n \n Loss before tax from continuing operations\n \n \n (4.3)\n \n \n (6.8)\n \n \n 36.8%\n \n \n (6.6)\n \n \n 34.8%\n \n \n Discontinued operations1\n \n \n -\n \n \n -\n \n \n -\n \n \n (0.2)\n \n \n n/a\n \n \n Statutory loss after tax\n \n \n (3.3)\n \n \n (6.8)\n \n \n 51.5%\n \n \n (6.8)\n \n \n 51.5%\n \n \n Diluted EPS from continuing operations\n \n \n (4.0)p\n \n \n (8.1)p\n \n \n 50.6%\n \n \n (7.8)p\n \n \n 48.7%\n \n \n Adjusted performance measures2:\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Adjusted operating profit/(loss) from continuing operations\n \n \n 0.9\n \n \n (0.6)\n \n \n 250.0%\n \n \n (0.3)\n \n \n 400.0%\n \n \n Adjusted EBITDA excluding share-based payments3\n \n \n 3.5\n \n \n 2.2\n\n \n \n \n 59.1%\n \n \n 2.4\n \n \n 45.8%\n \n \n Adjusted loss before tax from continuing operations\n \n \n (2.4)\n \n \n (3.7)\n \n \n 35.1%\n \n \n (3.4)\n \n \n 29.4%\n \n \n Adjusted diluted EPS from continuing operations \n \n \n (2.0)p\n \n \n (4.1)p\n \n \n 51.2%\n \n \n (3.7)p\n \n \n 45.9%\n \n \n Adjusted net debt4\n \n \n 59.6\n \n \n 52.7\n \n \n 13.1%\n \n \n 52.7\n \n \n 13.1%\n \n \n\nHighlights \n\nAdjusted EBITDA excluding share-based payments increased to £3.5m (HY24 restated: £2.4m) and adjusted operating profit improved by £1.2m to £0.9m (HY24 restated: loss of £0.3m).\n Continued progress on margin improvement and cost control, with annualised cost savings of £20m+ delivered to date since the start of the transformation of RM.\n Revenue from continuing operations1 of £73.2m, down 6.5% (HY24 restated: £78.3m), reflect...