Business
Results for the year ended 31 December 2025
Microlise Group PLC reported audited results for the year ended 31 December 2025, with adjusted revenue increasing by 3.7% to £84.0 million and adjusted recurring revenue growing by 7.6% to £58.8 million, driven by strong direct customer growth. However, adjusted EBITDA decreased by 27% to £8.3 million, and adjusted profit before tax fell by 59% to £2.7 million, impacting adjusted EPS to 1.72p. The company generated strong adjusted operating cash flow of £13.3 million and ended the year with £16.7 million in cash. Looking ahead, Microlise plans to accelerate investment in its products, infrastructure, and go-to-market teams, which is expected to result in FY26 revenues slightly below market expectations and adjusted EBITDA at the lower end of expectations. Disclaimer*
About this update from Microlise Group Plc
[{"type":"text","content":"\n\n \n14 May 2026\n \nMicrolise Group plc\n(\"Microlise\", \"the Group\" or \"the Company\")\n \nResults for the year ended 31 December 2025\nStrong direct customer growth and continued cash generation\n \nMicrolise Group plc (AIM: SAAS), a leading provider of transport management software to fleet operators, announces its audited results for the twelve months ended 31 December 2025 (\"FY25\" or the \"Period\").\nTo provide a clearer view of underlying business performance, the Group has detailed the below Alternative Performance Measures (APMs) and Statutory Measures:\n \n\n\n\n\n\n\n\nFY25\n\n\nFY24\n\n\nChange\n\n\n\n\nAPMs\n\n\nAdjusted Revenue (1)\n\n\n£84.0m\n\n\n£81.0m\n\n\n4%\n\n\n\n\nAdjusted Recurring Revenue (1)\n\n\n£58.8m\n\n\n£54.7m\n\n\n8%\n\n\n\n\nAnnual Recurring Revenue (ARR) (6)\n\n\n£59.2m\n\n\n£56.6m\n\n\n5%\n\n\n\n\nAdjusted EBITDA (2)\n\n\n£8.3m\n\n\n£11.3m\n\n\n(27%)\n\n\n\n\nAdjusted Profit before Tax (3)\n\n\n£2.7m\n\n\n£6.5m\n\n\n(59%)\n\n\n\n\nAdjusted EPS (p) (4)\n\n\n1.72p\n\n\n4.19p\n\n\n(59%)\n\n\n\n\nAdjusted Cash Flow Generated from Operations (5)\n\n\n£13.3m\n\n\n£10.3m\n\n\n29%\n\n\n\n\nStatutory Measures\n\n\nRevenue\n\n\n£84.0m\n\n\n£79.5m\n\n\n6%\n\n\n\n\nRecurring Revenue\n\n\n£58.8m\n\n\n£53.1m\n\n\n11%\n\n\n\n\nOperating Loss\n\n\n£(2.4)m\n\n\n£(2.3)m\n\n\n(4%)\n\n\n\n\nLoss before Tax\n\n\n£(2.5)m\n\n\n£(2.3)m\n\n\n(9%)\n\n\n\n\nBasic EPS (p)\n\n\n(1.87)p\n\n\n(1.77)p\n\n\n(5%)\n\n\n\n\nCash and cash equivalents\n\n\n£16.7m\n\n\n£11.4m\n\n\n47%\n\n\n\n\n \n1. Adjusted Revenue and Adjusted Recurring Revenue exclude revenue reversals relating to the cyber security incident, which are expected to be fully covered by insurance.\n2. Adjusted EBITDA excludes exceptional income and costs in relation to acquisitions, restructuring and the cyber incident, depreciation, amortisation, share of loss of associate, loss on disposal of interest in associate, interest, tax and share based payments.\n3. Adjusted Profit before Tax excludes amortisation on business combinations, share based payments, share of loss of associate, loss on disposal of interest in associate and exceptional income and costs in relation to the cyber incident...
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