REG - Skillcast Group PLC - Trading Update and Notice of Interim Results

SkillcastAnnouncement

23/07/2025 07:00

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RNS Number : 1388S  Skillcast Group PLC  23 July 2025

 

 The information contained within this announcement is deemed by the Company
to constitute inside information pursuant to Article 7 of EU Regulation
596/2014 as it forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 as amended

 

23 July 2025

 

Skillcast Group plc

("Skillcast", the "Group", or the "Company")

Trading Update and Notice of Interim Results

 

Skillcast Group plc (AIM: SKL), the governance, risk and compliance ("GRC")
software and e-learning provider, is pleased to announce a trading update for
the six months ended 30 June 2025.

The Group expects to report revenues of £7.5 million for H1 2025, an 18%
increase on the comparative period last year (H1 2024: £6.4 million). The
growth continues to be driven by recurring subscription revenues, which
increased 23% on the same period last year to £6.4 million (H1 2024: £5.2
million). The share of the revenue from subscriptions increased to 85% (H1
2024: 81%) of total Group revenues. Revenue from non-strategic professional
services was £1.1 million (H1 2024: £1.2 million).

The Group's ARR* has increased by 22% over the 12 months to June 2025 to
£12.7 million (June 2024 ARR: £10.4 million) and by 9% since the start of
the year (December 2024 ARR: £11.6 million). The Group's profit margin has
continued to increase due to operational gearing. Overall the Group continues
to trade in line with full year expectations.

The Group had no debt and cash in bank of £11.5 million at 30 June 2025 (31
December 2024: £8.4 million). This represents c. 13 pence per ordinary share
in the Company.

 Notice of Interim Results

 The Group will announce its full interim results on 19 September 2025.

 Vivek Dodd, Chief Executive Officer of Skillcast Group, commented:

 "Our continued ARR growth demonstrates the relevance and value of our GRC
software and e-learning products to companies during a period of heightened
economic uncertainty. I remain confident of our medium term revenue growth
prospects and increasing profitability. We continue to see the opportunity to
grow in all our market segments by helping companies to simplify their staff
compliance."

* ARR (Annualised Recurring Revenue) is calculated by annualising revenue
recognised from all client subscriptions on annual contracts in a given month.

 

 

Enquiries:

 

 Skillcast Group Plc                                      +44 (0) 20 7929 5000
 Richard Amos, Chairman

 Vivek Dodd, CEO

 Richard Steele, CFO

 Cavendish (Nominated Adviser and Broker)                 +44 (0) 20 7220 0500
 Jonny Franklin-Adams / Isaac Hooper (Corporate Finance)

 Sunila de Silva (Corporate Broking)

 

 

About Skillcast Group plc

Skillcast helps companies make compliance simple and build ethical, inclusive,
and resilient workplaces. It provides content and technology to digitise and
streamline compliance processes and manage them from a single compliance
portal. Its product range includes a Learning management system with
comprehensive off-the-shelf compliance course libraries, a Policy hub, Staff
declarations, Anonymous surveys, CPD tracking, and compliance registers for
gifts, expenses, PA dealing, whistleblowing.

 

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