Business
Full Year 2025 Trading Update & Notice of Results
Microlise Group plc announced its unaudited trading update for the year ending 31 December 2025, expecting total revenue to be in-line with market expectations at £84.0m, a 3.7% increase from the prior year, with recurring revenue growing 7.5% to £58.8m driven by 16% growth from direct customers, though non-recurring revenues decreased 4.3% to £25.2m. Adjusted EBITDA is projected to be £8.3m, representing a 10% margin, and net cash stood at £16.7m. The company completed cost-saving measures expected to generate £5m in annualised savings entering FY2026, added 417 new customers, and maintained a low churn rate of 1.4%. Global OEM customers represented 27% of revenue, down from 33% in FY2024, with further decline anticipated in FY2026. Disclaimer*
About this update from Microlise Group Plc
29 January 2026 Microlise Group plc ("Microlise", "the Group" or "the Company") Trading Update and Notice of Results "16% year-on-year underlying recurring revenue growth from direct customers and £5m of annualised cost savings executed" Microlise Group plc (AIM: SAAS), a leading provider of transport management software to fleet operators, provides the following unaudited update on trading for the year ending 31 December 2025 ("FY2025"). Financial Highlights · Total Group revenue for FY2025 is expected to be in-line with revised market expectations3 at £84.0m (FY2024: £81.0m), representing growth of 3.7%. Annual recurring revenue (ARR) increased 4.6% to £59.1m (FY 2024: 9.4% organic growth to £56.6m). o Recurring revenue5 increased by 7.5% to £58.8m driven by 16% underlying year-on-year growth from direct customers. o Non-recurring revenues decreased 4.3% to £25.2m (FY24: £26.3m) reflecting a decline year-on year in Global OEM-related hardware volumes together with lower implementation revenues linked to a small number of direct customer contracts that are anticipated to be delivered in FY2026. o Global OEM customers represented 27% of FY2025 total revenue, down from 33% in FY2024 and we cautiously expect FY2026 revenues from OEM customers to be below FY2025 · FY2025 Adjusted EBITDA2 is expected be in-line with revised market expectations3 at £8.3m, representing an adjusted EBITDA margin of c.10% (FY 2024: 14%). · The Group's net cash as of 31 December 2025 was ahead of revised expectations at £16.7m, up from £11.4m at 31 December 2024. This resulted from strong cash collection during the year, a large contract renewal in Q4 paid annually in advance and the timing of severance payments totalling £1.9m in connection to the cost saving and efficiency measures announced during H2 FY2025, falling post year end. Operational Highlights · The cost and efficiency measures announced in November 2025 were completed prior to the end of FY2025 and will generate £5 million of annualised cost savings as the Group enters FY2026. The Group continues to carefully monitor its cost base and remains focused on expanding profit margins. · 417 new customers were added in FY 2025 (FY 2024: 375) across key mark...
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