Slide 1: Half Year Results 2025
Half Year Results 2025 Mark Cook, Chief Executive Officer Simon Goodwin, Chief Financial Officer
Slide 2: Agenda
Agenda Half year overview Financial review Strategy update RM plc Half Year Results 2025
Slide 3: HY25 overview
HY25 overview Mark Cook CEO RM plc Half Year Results 2025
Slide 4: HY25 overview
HY25 overview Progressing priorities - building for long -term growth Profitability improving, with earnings expected to be largely weighted to H2 Revenue moderately down, with divisional variation £20m+ annualised cost savings delivered year to date RM Ava launch positions us to capture a significa
Slide 5: HY25 overview: Our divisions
HY25 overview Our divisions Delia B. Herrin RM Assessment Content Creator RM Technology Content Creator RM Resources (TTS) Content Creator ▪ Assessment platform revenue up 19% ▪ Revenue temporarily impacted by ▪ Revenue affected by the challenging UK with contracted order book growing to pressures o
Slide 6: Financial review
Financial review Simon Goodwin, CFO RM plc Half Year Results 2025
Slide 7: HY25 trading update shows progress on priorities
HY25 trading update shows progress on priorities H1 2025 H1 2024 1 % change Revenue from continuing operations £73.2m £78.3m (6.5) % Assessment recurring revenue £17.1m £14.3M +19.6% Adjusted operating profit £ 0.9 m (£0.3m) +400.0% Adjusted EBITDA £ 3.5 m £2.4m +45.8 % Net debt £ 59.6 m £52.7m +13.
Slide 8: Summary income statement
Summary income statement HY 2025 HY 2024 Variance 1 1 £m Continuing Discontinued Total Continuing Discontinued Total Total Revenue 73.2 - 73.2 78.3 0.9 79.2 (6.0 ) Divisional contribution 12.1 - 12.1 12.0 (0.3) 11.7 0.4 Divisional contribution margin 16.5% - 16.5% 15.3% (33.3)% 14.8% 1.7% Adjusted*
Slide 9: Revenue
Revenue £m £(5.1)m 2.8 -2.0 -0.9 -2.5 -0.3 -3.1 79.2 78.3 73.2 HY 24* Exclude H Y 24 Assessment Assessment TTS TTS Technology H Y 25 Originally Consortium Excluding Recurring Non -recurring UK International reported revenue Consortium Assessment recurring revenue increased +20% including +19% in pla
Slide 10: Adjusted operating profit
Adjusted operating profit £m £1.2m 1.1 0.7 -0.2 0.9 -0.4 0.3 -0.3 -0.6 HY 24 Exclude H Y 24 Assessment TTS Technology Corporate H Y 25 Originally C onsortium Continuing costs reported loss operations TTS contribution decreased £0.2m to £1.8m. Impact of lower revenues almost completely offset by oper
Slide 11: Cashflow
Cashflow £7.9m £m 2.8 4.2 1.2 59.6 -1.4 -0.3 1.4 51.7 Adjusted* Operating Working Lease Capex Pension Interest paid Adjusted* Net Debt cashflows before capital payments Net Debt working capital HY25 FY24 Adjusted net debt £59.6m - £7.9m increase in HY25 compared to £7.1m increase in HY24 Positive op
Slide 12: Financial outlook
Financial outlook H2 performance expected to be materially higher than H1 in revenue, profit and cash – in line with usual seasonality driven by global exam activity and UK back to school trading H2 trading has started positively including a strong performance in TTS UK, new customer wins in Assessm
Slide 13: Strategy update
Strategy update Mark Cook, CEO RM plc Half Year Results 2025
Slide 14: Reimagining assessment for a digital world
Reimagining assessment for a digital world Our ambition is to become the world -class EdTech Assessment Creation Authentic Content Flexible Delivery Design assessments in Incorporate real-world Conduct assessments in multiple languages with tasks for relevant schools, centres, or remotely platform f
Slide 15: Drivers for our strategy
Drivers for our strategy Global leader in Provider of Trusted partner Acting to Focused on EdTech since market -leading known for capitalise on growth and 1973, helping products and reliability, deep a significant reducing net customers deliver services to the educational improved market debt. entir
Slide 16: Our strategy
Our strategy Our strategy focuses on two pillars ▪ RM operates in the global EdTech market which is forecast to increase by $170.8 billion at a CAGR of 15.9% between 2024 and 2029. ▪ The market shift to digital Continued Legal and development of our assessments is driving the current adaptive virtua
Slide 17: Continued development of RM Ava
Continued development of RM Ava The only platform on the market that spans the full assessment lifecycle for small and enterprise customers Officially launched June 2025 RM Ava is ready to scale Combines existing tools and platforms onto fast and wide - globally one single-sign-on modular platform R
Slide 18: Legal and operational separation of our three divisions
Legal and operational separation of our three divisions Simplifying Untangling Enabling f aster Supporting structures legacy IT decision making net debt complexity and execution reduction RM plc Half Year Results 2025
Slide 19: Future outlook
Future outlook Full year outlook in line with expectation Priorities for remainder of FY25 Continued development of RM Ava to strengthen competitive position Simplify the business to unlock cost savings and support growth RM plc Half Year Results 2025
Slide 20: Thank you
Thank you RM plc Half Year Results 2025
Slide 21: Disclaimer
Disclaimer Forward -looking statements speak only as at the date of this Presentation . Except as required by applicable law or regulation (including to meet the requirements of the London Stock Exchange Rules, the Market Abuse Regulation as it forms part of domestic law in the United Kingdom by vir