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RNS Number : 2805L  Tribal Group PLC  12 December 2025

This announcement contains inside information as stipulated under the UK
version of the Market Abuse Regulation No 596/2014 which is part of English
Law by virtue of the European (Withdrawal) Act 2018, as amended. On
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information is considered to be in the public domain.

 

12 December 2025

 Tribal Group plc

("Tribal" or "the Group")

 

Trading Update

On track to deliver profits and cash ahead of market expectations following
solid FY25 financial performance

 

Tribal (AIM: TRB), a leading provider of software and services to the
international education market, is pleased to provide an update on trading for
the year ending 31 December 2025 ("FY25").

 

Driven by strong second-half trading in the Group's Student Information
Solutions ("SIS") division, and a return to growth in Etio as anticipated,
Tribal expects to deliver FY25 revenue comfortably in line with, and adjusted
EBITDA ahead of, current market expectations.(1)

 

As a result of the EBITDA performance and improved working capital movements,
the Board expects to deliver a substantial improvement in its cash position,
moving to a net cash position of no less than £5 million at 31 December 2025,
from a net debt position of £3.2 million at 31 December 2024. The Board is
confident that the Group has now achieved a sustainable net cash position on a
12 monthly basis.

 

As a result of the strengthened balance sheet, the Board intends to pay a
Special Dividend of 1.5p per share on 29 January 2026 to shareholders on the
register at the close of business on 5 January 2026. The ex-dividend date will
be 2 January 2026.

 

The roll-out of the Higher Education Full-Service subscription pricing model
is progressing well, meaning a large proportion of the Group's Higher
Education customers are now on subscription packages. This not only reinforces
the strength of the Group's recurring revenue model but provides a strong
basis from which customers can transition to the cloud and adopt a wider range
of Tribal applications.

 

A full Trading Statement for FY25 will be released in late January 2026.

 

Mark Pickett, CEO of Tribal Group, commented: "The healthy trading performance
this year and move into a sustainable net cash position is evidence of the
strengthening foundations of our Student Information Solutions division, as we
transform into a full-service SaaS business. Importantly, the large proportion
of our Higher Education customers now on a subscription licence supports
further adoption of Tribal services, positioning us strongly for sustained
growth and continued momentum."

 

(1) In so far as the Board is aware, as at 11 December 2025, consensus market
expectations for FY25 were Revenue of £90.3m, adjusted EBITDA of £15.5m, and
Net Debt of £4.1m.

 

 

 Tribal Group plc                                                    Tel: +44 (0) 330 016 4000
 Mark Pickett, Chief Executive Officer

 Diane McIntyre, Chief Financial Officer & Company Secretary

 Investec Bank plc (NOMAD & Joint Broker)                          Tel: +44 (0) 20 7597 5970
 Virginia Bull, Nick Prowting, Arnav Kapoor

 Singer Capital Markets Limited (Joint Broker)                     Tel: +44 (0) 20 7496 3000
 Sara Hale, Alex Bond

 Alma Strategic Communications                                     Tel: +44 (0) 203 405 0205
 Caroline Forde, Hannah Campbell, Emma Thompson

 

About Tribal Group plc

 

Tribal Group plc is a pioneering world-leader of education software and
services.  Its vision is to enable student success through expertise,
software and services on its journey to becoming a pure-play EdTech SaaS
business, with global reach. Its portfolio includes Student Information
Systems; a broad range of education services covering quality assurance, peer
review, benchmarking and improvement; and student surveys that provide the
leading global benchmarks for student experience. Working with Higher
Education, Further and Tertiary Education, schools, Government and State
bodies, training providers and employers, in over 55 countries; Tribal Group's
mission is to empower the world of education with products and services that
underpin student success.

 

 

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