)
RM (RM) investor relations material
RM H2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Adjusted operating profit rose to GBP 11.5 million from GBP 8.6 million, with adjusted EBITDA up to GBP 16.5 million, and overall revenue declined 2.5% to GBP 162.1 million.
Assessment division revenue surged 19.9%, while TTS and Technology divisions faced declines due to UK budget pressures and US tariffs.
Returned to statutory profit before tax for the first time since FY 2021, with profit before tax of GBP 3.2 million and statutory profit after tax of GBP 2.2 million.
Raised GBP 13.5 million in an oversubscribed equity raise to support transformation, RM Ava development, and net debt reduction.
Advanced business simplification, including legal and operational separation of divisions.
Financial highlights
Adjusted operating margin improved to 7.1% from 5.2% year-over-year.
Adjusted net debt reduced to GBP 50.6 million.
Adjusted profit before tax increased to GBP 5.5 million from GBP 2.4 million.
Net cash inflow from operating activities was GBP 7.5 million.
Corporate overheads reduced by 13.8%, now 12.9% of total revenue.
Outlook and guidance
Revenue from continuing operations expected to grow, with a higher proportion from high-margin Assessment division and strong contracted order book.
Continued investment in RM Ava and sales/marketing to support growth through 2027.
Focus on reducing net debt through business simplification and disposal of non-core assets.
Trading in early FY 2026 in line with board and market expectations.
FY26 priorities include business simplification, net debt reduction, RM Ava development, and customer experience.
Next RM earnings date
Next RM earnings date
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage