REG - Skillcast Group PLC - Full Year Trading Update

SkillcastAnnouncement

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RNS Number : 6195Q  Skillcast Group PLC  28 January 2026

 

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

 

28 January 2026

 

Skillcast Group plc

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

Full Year Trading Update

Strong growth in ARR and profitability

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 year ended 31 December 2025.

The Group's revenue for 2025 is expected to be c.£15.4 million, 16% higher
than the previous year (2024: £13.2 million). The revenue growth is entirely
organic and driven by strong growth in recurring subscription revenues, which
increased by 21% to c.£13.3 million (2024: £11.0 million). Recurring
subscription revenues grew to 87% of total Group revenues in 2025 (2024: 83%).
 Non-strategic professional services revenues were 9% below the previous year
at c.£2.0 million (2024: £2.3 million).

The ARR* grew by 19% from £11.6 million at 31 December 2024 to £13.8 million
at 31 December 2025, driven predominantly by new customer acquisition, upsells
to our new Enhanced or Premium packages and lower churn.

EBITDA for 2025 is expected to be c. 210% higher than FY 2024 and in line with
expectations at c.£1.5 million (2025: £0.6 million). The continued growth in
profitability is due to operational gearing and cost control.

The Group's net cash position at 31 December 2025 was £12.7 million (31
December 2024 net cash: £9.1 million), boosted by improved conversion after
the introduction of auto-renewing client contracts in the prior year. This
represents c.14p per ordinary share in the Company.

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

 "We are delighted with the product and service innovations we've made over
the past year and the positive impact we are having on our clients' compliance
and resilience. Companies are increasingly using us to digitise and automate
processes beyond staff training and drive higher levels of staff engagements.
The continued growth in our ARR and profitability is underpinned by the
relevance, resilience and value of our GRC software and e-learning products.
We are excited by the plans we have to build on our success in 2026 to
continue to improve our performance and remain confident of achieving the
board's expectations for the financial year. We look forward to sharing more
when we announce our full year results."

* 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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