REG - GetBusy PLC - Trading Update

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RNS Number : 6728P  GetBusy PLC  21 January 2026

21 January 2026

GetBusy plc

2025 Trading Update - Unaudited Results

H2 ARR acceleration

SmartVault reaches inflection point with 65% increase in H2 new business

GetBusy plc ("GetBusy" or the "Group") (AIM: GETB), a leading provider of
productivity software for professional and financial services, is pleased to
provide an update on trading for the year ended 31 December 2025.

Accelerating ARR growth

Strong operational execution combined with favourable product demand led to
accelerating annualised recurring revenue ("ARR") growth in 2025, particularly
in the second half of the year. SmartVault performed especially strongly,
delivering ARR growth of 16%, with new business in the second-half up 65% on
the same period in 2024, reflecting a clear inflection point in the business.

Group ARR at 31 December 2025 grew by 8% at constant currency to £22.6m.
Group revenue is expected to be at least £22m (up 5% at constant currency)
and adjusted EBITDA is expected to be £0.3m, in line with market
expectations.

SmartVault momentum and expanding addressable market

SmartVault's accelerating ARR growth was driven by strong new customer
acquisition, encouraging early traction from SmartRequestAI, and a healthy
uptake of the Intuit ProConnect integration in Q4. Average selling price was
up 36% year on year, principally as a result of a greater proportion of new
customers on the premium Accounting Unlimited plan.

SmartRequestAI and the ProConnect integration alone increased SmartVault's
addressable market at least threefold during the year.  The strong new
business performance was complemented by improved customer retention and
pricing optimisation.

These trends give the board confidence that SmartVault can sustain or further
accelerate this enhanced level of ARR growth into 2026.

During 2025, SmartVault's value proposition improved materially, evolving into
a platform product that supports the full tax preparation workflow - from
client engagement and onboarding through to secure document management and
archiving. As the business continues to scale, the board expects SmartVault to
generate rapidly increasing EBITDA margins in 2026, benefiting from the
inherent operating leverage in its SaaS business model.

Workiro progress and growth outlook

Workiro continues to see encouraging traction in the enterprise market and has
reinvigorated its focus on the professional services sector, where, through
Virtual Cabinet, it benefits from strong brand recognition and an established
reputation. The successful migration of customers from Virtual Cabinet to
Workiro during 2025 has created a stable and scalable customer base, allowing
the business to prioritise growth in 2026.

The significant opportunity presented by increasing demand for AI-enabled
content management solutions within the Group's existing markets provides a
clear and compelling pathway for Workiro's next phase of growth.

Financial position and outlook

Net cash at 31 December 2025 was £0.9m (2024: £1.1m), with available cash
funds of £3.9m (2024: £3.1m). The board believes the Group is well
capitalised to execute its growth strategy.

The board is increasingly confident that the Group is well positioned to
deliver material cash returns to shareholders in the medium term, alongside
significant long-term value creation from its expanding AI capabilities and
growing presence in the enterprise content management market.

 

Notice of results

All quoted financial metrics are unaudited. Final audited numbers will be
confirmed in the Group's annual report for the year ended 31 December 2025,
expected to be published on or around Tuesday 24 March 2026.

GetBusy plc

investors@getbusy.com

 Cavendish Capital Markets Limited (Nominated Adviser and Broker)     +44 (0)20 7220 0500

 Matt Goode / Callum Davidson (Corporate Finance)

 Harriet Ward (Corporate Broking)

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
REGULATION (EU) NO 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF
THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("MAR"). UPON THE PUBLICATION OF THIS
ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC
DOMAIN. THE PERSON RESPONSIBLE FOR MAKING THIS ANNOUNCEMENT ON BEHALF OF THE
COMPANY IS PAUL HAWORTH.

About GetBusy

GetBusy provides specialist document workflow software to professional and
financial services markets, securing and enabling workflow automation around 1
billion unique, high-value documents. Our strategy is to generate material
near-term cash returns through SmartVault, our fast-growing US tax platform,
while building long-term value in Workiro, our content and collaboration
solution for cloud ERP systems. Our AI-enabled products are used by over
60,000 paying users globally and are deeply embedded in customers' daily
workflows.

Further information on the Group is available at www.getbusyplc.com

 

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