REG-RM plc RM plc: Full year trading update

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   RM plc (RM.)
   RM plc: Full year trading update

   11-Dec-2025 / 07:00 GMT/BST

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   11 December 2025

                                     RM plc

                            Full year trading update

   RM plc (“RM”, the “Company”), a leading global educational technology
   (“EdTech”), digital learning and assessment solution provider, provides a
   trading update for the year ended 30 November 2025 ("FY25").

   Trading update

   Subject to completion of the FY25 audit, the Company expects FY25 adjusted
   operating profit (“AOP”) to be c.£11.5m 1  1 , with adjusted EBITDA of
   c.£16.6m. This represents a significant increase of c.34% versus FY24 AOP,
   with adjusted EBITDA c.21% higher, demonstrating further progress on
   margin improvement and cost savings.

   Significantly, the Company’s core Assessment division is showing full year
   revenue growth of 20% with platform revenue up by 17%, in a year which saw
   a record number of exams marked in 115 countries, using RM’s platform.
   This strong growth is underpinned by a significant number of strategic
   customer renewals with 98% of Assessment’s revenue up for renewal during
   FY25 having been successfully renewed. Revenue from continuing operations,
   overall, is expected to be marginally lower than FY24 by 2 to 3%. This is
   attributable to the challenging UK schools’ market in H1 impacting
   Technology and TTS divisions.

   Net debt

   Net debt is expected to be £50-£51m at the end of FY25, with the Company
   having operated within its EBITDA & hard liquidity banking covenants
   during the period, while allowing for working capital and capex to fund
   future growth.

   Strategic update

   Following its successful equity placing announced on 10 October 2025, the
   Company is actively progressing its strategy to simplify the Group’s
   business and dispose of non-core assets, and has continued to progress
   separation activities that help to facilitate these disposals and unlock
   future cost savings. Development of the Company’s accreditation platform,
   RM Ava, which will pave the way for additional growth in Assessment, is
   progressing well and remains on track.

   A further update on strategy and outlook will be provided when the audited
   full year results are announced in the new year.

   Mark Cook, CEO of RM, commented:

   “Following a period of transformation, this year has seen us build real
   momentum in executing our strategy as we continue to grow our core
   Assessment platform revenue and accelerate the development of RM Ava. We
   are also pleased to report a meaningful increase in our profitability year
   on year, as a result of a focus on the higher margin Assessment business. 

   We are making good progress on the strategic actions we committed to as
   part of the October equity raise and I look forward to providing a further
   update when the full year results are announced.”

    

   Contacts:

   RM plc                            2 investorrelations@rm.com

   Mark Cook, Chief Executive Officer 

   Simon Goodwin, Chief Financial Officer

   Daniel Fattal, Company Secretary and investor relations

   Headland Consultancy (Financial PR)                        +44 203 805
   4822

   Stephen Malthouse (smalthouse@headlandconsultancy.com)

   Chloe Francklin (cfrancklin@headlandconsultancy.com)

   Dan Mahoney (dmahoney@headlandconsultancy.com)

    

   Notes to Editors:

   About RM

   RM was founded in 1973, with a mission to improve the educational outcomes
   of learners worldwide. More than fifty years on, we are a trusted global
   EdTech, digital learning and assessment solution provider, transforming
   learners, educators, and accreditors to be more productive, resilient, and
   sustainable. Our simple approach enables us to deliver best in class
   solutions to optimise accreditation outcome.

   RM is focused on delivering a consistently high-quality digital
   experience, acting as a trusted consultative partner to provide solutions
   that deliver real impact for learners worldwide. Our three businesses
   include:

     • Assessment - a global provider of assessment software, supporting exam
       awarding bodies, universities, and governments worldwide to digitise
       their assessment delivery.
     • TTS (Technical Teaching Solutions) – an established provider of
       education resources for early years, primary schools, and secondary
       schools across the UK and to ministries of education and independent
       institutions worldwide.
     • Technology - a market-leading advisor and enabler of ICT software,
       technology and bespoke services to UK schools and colleges.

    

    

    

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    3  1  Prior to this update, the Company believes that market expectations
   for FY25 adjusted operating profit from continuing operations was £11.5m.

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   Dissemination of a Regulatory Announcement, transmitted by  4 EQS Group.
   The issuer is solely responsible for the content of this announcement.

   View original content:  5 EQS News

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   ISIN:          GB00BJT0FF39
   Category Code: TST
   TIDM:          RM.
   LEI Code:      2138005RKUCIEKLXWM61
   Sequence No.:  410988
   EQS News ID:   2243560


    
   End of Announcement EQS News Service

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