UK's Tribal Group FY25 revenue rises on subscription, cloud growth

Tribal

26/03/2026 07:14

Corrects first bullet of Outlook section to say revenue and adjusted EBITDA numbers are market expectations, and not company's own expectations

Overview

UK education software provider's preliminary FY25 revenue rose 4% to £92.5 mln

Adjusted EBITDA grew 8% to £17.5 mln, reflecting improved operational performance

Company attributes growth to higher recurring revenue from cloud and subscription services

Outlook

Tribal says market expectations for FY26 revenue is £93m and adjusted EBITDA is £17.0m

Company says trading in FY26 has started in line with Board expectations

Company warns Middle East situation may affect timing of some Etio contracts

Result Drivers

SUBSCRIPTION AND CLOUD GROWTH - Co said 32% rise in Subscription and Cloud revenue drove SIS division growth as customers migrated from Support & Maintenance contracts

HEFS ADOPTION - Co said roll-out of HEFS subscription model increased recurring revenue and ARR, with majority of Higher Education customers now signed up

ETIO IMPROVEMENTS - Co said Etio division benefited from strategic changes and cost efficiencies implemented in 2024, supporting margin growth despite soft demand

Company press release: ID:nRSZ1666Ya

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
GBP 92.50 mln
FY Net Income
GBP 8.90 mln
FY Adjusted EBITDA
GBP 17.50 mln
FY ARR
GBP 63.30 mln
FY Gross Profit
GBP 46 mln


Analyst Coverage

The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the professional & business education peer group is "buy."

Wall Street's median 12-month price target for Tribal Group PLC is GBp93.50, about 58.5% above its March 25 closing price of GBp59.00

The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 14 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

 (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)