Business
Interim Results for six months ended 30 June 2025
Tribal Group plc's interim results for the six months ended 30 June 2025 show strengthening underlying financial performance. Revenue increased by 2.3% to £45.3 million (H1 2024: £44.3 million at constant currency), with adjusted EBITDA growing by 18.4% to £8.3 million (H1 2024: £7.0 million at constant currency), resulting in an adjusted EBITDA margin of 18.4% (H1 2024: 15.9% at constant currency). Annual Recurring Revenue (ARR) at period end increased by 5.5% to £59.9 million (versus £56.8 million as at 31 December 2024), and further increased to £64.0 million by mid-August 2025, representing a 12.7% rise since the start of the year. Net debt improved to (£3.9) million (H1 2024: (£10.0) million). Statutory profit after tax increased significantly to £3.9 million (H1 2024: £0.9 million at constant currency), and basic statutory earnings per share rose to 1.8p (H1 2024: 0.4p at constant currency). The board is increasingly positive about delivering FY25 results ahead of current market expectations. Disclaimer*
About this update from Tribal Group Plc
[{"type":"text","content":"\n\n Tribal Group plc\n(\"Tribal\" or \"the Group\")\n \nInterim Results for the six months ended 30 June 2025\nStrengthening underlying financial performance with strong ARR and core revenue growth and increased adjusted EBITDA margins\n \nTribal (AIM: TRB), a leading provider of software and services to the international education market, is pleased to announce its interim results for the six months ended 30 June 2025.\n \n\n\n\n\nResults\n6 months to 30 June\n\n\n2025 H1\n\n\n \n2024 H1 Reported\n\n\n2024 H1\nConstant Currency3\n\n\nChange %\n(Constant Currency)\n\n\n\n\nRevenue\n\n\n£45.3m\n\n\n£44.9m\n\n\n£44.3m\n\n\n2.3%3\n\n\n\n\nAdjusted EBITDA 2\n\n\n£8.3m\n\n\n£7.4m\n\n\n£7.0m\n\n\n18.4%3\n\n\n\n\nAdjusted EBITDA Margin 2\n\n\n18.4%\n\n\n16.4%\n\n\n15.9%\n\n\n-\n\n\n\n\nAnnual Recurring Revenue (ARR) at period end 1 (versus 31 Dec 2024)\n\n\n£59.9m\n\n\n£57.0m\n\n\n£56.8m1\n\n\n5.5%3\n\n\n\n\nNet Debt\n\n\n£(3.9)m\n\n\n£(10.0)m\n\n\n£(10.0)m\n\n\n61.0%\n\n\n\n\nStatutory Profit after Tax\n\n\n£3.9m\n\n\n£1.4m\n\n\n£0.9m\n\n\n323.6%\n\n\n\n\nStatutory Earnings per Share (basic)\n\n\n1.8p\n\n\n0.6p\n\n\n0.4p\n\n\n322.9%\n\n\n\n\n \nFinancial performance (all numbers on a constant currency basis)\n\n\n\n\n· \n\n\nARR increased 5.5% in six months to £59.9m (£56.8m as at 31 Dec 2024). Successful launch of the Higher Education Full-Service (HEFS) proposition, with 16 additional customers signed by the end of June generating £1.3m ARR.\n\n\n\n\n· \n\n\nRevenue increased 2.3% to £45.3m:\n\n\n\n\n\n\n\no \n\n\nStudent Information Systems revenue grew 4.2% to £36.1m (H1 2024: £35.2m). A strong 9.6% growth in core revenues, including 16.5% in Foundation Cloud services which more than offset the expected decline in legacy contracts.\n\n\n\n\n\n\n\no \n\n\nEtio revenue decreased 4.5% to £9.2m (H1 2024: £9.7m) following the successful completion of two major projects, offset by the commencement of the Attendance Monitors contract.\n\n\n\n\n· \n\n\nAdjusted EBITDA grew 18.4% to £8.3m, with a 2.5ppt increase to 18.4% margin, reflecting increases in SIS revenues and cost efficiencies across both SIS and Etio, which more than offset the decline in high margin legacy contracts. Etio operating prof...