REG - Engage XR Holdings - Trading Update

ENGAGE XR HoldingsAnnouncement

07/01/2026 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260107:nRSG8938Na&default-theme=true

RNS Number : 8938N  Engage XR Holdings PLC  07 January 2026

7 January 2026

 

ENGAGE XR Holdings Plc

("ENGAGE XR" or the "Group")

 

Trading Update

 

 

ENGAGE XR Holdings Plc, an AI/Spatial Computing technology company, announces
the following update on trading for the 12 months ending 31 December 2025.

 

Financial Highlights:

 

·  The Group expects to report revenue of c.€1.9m (2024: €3.4m) with
the Company experiencing delays in contracts being signed and lower than
expected enterprise sales and renewals during the year;

·   The Group expects to report an EBITDA loss of c.€ 2.4m (2024: loss of
€4.0m), broadly in line with market expectations as management continued to
focus on operational efficiencies and strong cost control; and

·   With management's focus on cost control and cash, cash balances at year
end was €1.6m ahead of market expectations (31 December 2024: €3.6m).

 

ENGAGE's primary enterprise use case was training and onboarding new hires,
and the global slowdown in hiring especially across the technology sector
significantly impacted demand during 2025. Several of our larger enterprise
clients renewed at materially lower levels or didn't renew during the second
half of the year, which resulted in a lower than expected Q4 performance.

 

We have seen continued traction within the K-12 education sector, where
platform usage is increasing. Several larger clients have expanded their
licence volumes over the past year and ENGAGE is now serving both the
'homeschool' and 'in-class' lab environments, representing a strategic
realignment with the platform's original design and core strengths.

 

In late December 2025, ENGAGE released an update to support newer Chromebook
devices and will be demonstrating the platform alongside Lenovo at the Bett
Conference in London on 21 January 2026. Official Chromebook support was
driven by direct client demand and enables greater scalability within the US
education market, where Chromebooks are the dominant device.

 

Having regard to the current trading performance of the Company, the Board is
also very much focussed on the Company's cash resources and this will remain a
key priority  to ensure the company continues to have the required cash
resources to fund its operations and to deliver against the opportunities the
Board sees for ENGAGE.

 

David Whelan CEO, ENGAGE XR, said: "Overall, 2025 was another challenging year
for the Company across multiple fronts due to continued headwinds, especially
from the erosion of the enterprise client renewals. The Board recognises the
need to deliver improved performance for our shareholders over the long term
and therefore as a board we will continue to explore initiatives to deliver on
this objective.

 

Notwithstanding the headwinds the Company is confronting, especially in the
Enterprise space, as a management team, we continue to believe that the
Education sector provides and important opportunity for the Company which will
create value for ENGAGE's proposition. We believe that the ENGAGE platform is
relevant across schools, universities and the homeschool market, with the
United States and Middle East continuing to be key geographic opportunities
for the Company.

 

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with the company's obligations under Article 17 of
MAR.

 

For further information, please contact:

 

 ENGAGE XR Holdings Plc                                              Tel: +353 87 665 6708

 David Whelan, CEO                                                   info@engagexr.co

 Séamus Larrissey, CFO

 Sandra Whelan, COO

 Cavendish Capital Markets Limited (Nominated Adviser & Broker)      Tel: +44 (0) 20 7220 0500

 Marc Milmo / Seamus Fricker (Corporate finance)

 Sunila de Silva (ECM)

 

 

About ENGAGE XR

ENGAGE XR Holdings plc (AIM: EXR) has developed ENGAGE, an immersive training,
education and collaboration platform, offering cutting-edge VR/AR tools and
environments that elevate employee training and student outcomes. Trusted by
enterprise and educational clients worldwide, ENGAGE leverages the
transformative power of spatial computing to revolutionize onboarding, sales
meetings, product demos and a host of other vital business operations.

 

For further information, please visit: https://engagevr.io/

 

Forward-Looking Statements

Certain statements made in this announcement are forward-looking statements.
These forward-looking statements are not historical facts but rather are based
on the Group's current expectations, estimates, and projections about its
industry; its beliefs; and assumptions. Words such as 'anticipates,'
'expects,' 'intends,' 'plans,' 'believes,' 'seeks,' 'estimates,' and similar
expressions are intended to identify forward-looking statements. These
statements are not guarantees of future performance and are subject to known
and unknown risks, uncertainties, and other factors, some of which are beyond
the Group's control, are difficult to predict, and could cause actual results
to differ materially from those expressed or forecasted in the forward-looking
statements.

The Group cautions security holders and prospective security holders not to
place undue reliance on these forward-looking statements, which reflect the
view of the Group only as of the date of this announcement. The
forward-looking statements made in this announcement relate only to events as
of the date on which the statements are made. The Group will not undertake any
obligation to release publicly any revisions or updates to these
forward-looking statements to reflect events, circumstances, or unanticipated
events occurring after the date of this announcement except as required by law
or by any appropriate regulatory authority.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  TSTAKABDFBKDBDK



            Copyright 2019 Regulatory News Service, all rights reserved