12th Dec 2025 12:24
(Alliance News) - Tribal Group PLC on Friday said it expects to publish annual adjusted earnings ahead of market expectations, citing a "healthy" trading performance as it celebrated its subscription model.
The Sheffield, England-based educational software and services provider said it expects to deliver full-year revenue comfortably in line with, and adjusted earnings before interest, tax, depreciation and amortisation ahead of, current market expectations.
It cited consensus for revenue of GBP90.3 million, similar to GBP90.0 million in 2024, and adjusted Ebitda of GBP15.5 million, 7.2% lower than GBP16.7 million in 2024.
Tribal intends to pay a special dividend of 1.5p per share in late January.
Further, the firm said it expects to deliver a "substantial improvement" in its cash position, to a net cash position of at least GBP5 million at the end of 2025, compared to net debt of GBP3.2 million at the end of 2024. It sharply outperforms company-cited market consensus of an expected net debt of GBP4.1 million for the end of 2025.
Tribal said: "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."
Chief Executive Mark Pickett said: "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 software-as-a-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."
Tribal will publish a full trading statement for 2025 in late January.
Tribal shares rose 7.0% to 66.85 pence each on Friday afternoon in London.
By Tom Budszus, Alliance News slot editor
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