GetBusy (GETB) Trading Update summary

Trading performance and revenue outlook

• Annualised recurring revenue at 30 April 2025 reached £21.3m, up 6% year-on-year at constant currency, despite a £0.6m currency headwind.

• Revenue expectations for 2025 are confirmed, though currency volatility remains a notable risk.

Strategic initiatives and product development

• Integration between SmartVault and Intuit's ProConnect Tax is progressing well, with launch expected in early H2-2025.

• Strengthened partnership with Intuit opens a larger market for SmartVault, with strong demand anticipated.

• New AI-driven workflow features for SmartVault are set to launch in Q4-2025, expected to accelerate ARR growth into 2026.

Sales pipeline and customer migration

• Workiro's sales pipeline is growing, with some NetSuite partners specifying it by default for new business.

• ERP-related sales cycles remain long and variable, but are expected to result in low churn and high customer lifetime value.

• Tools to automate migration from Virtual Cabinet to Workiro are progressing, with significant customer readiness expected in H2-2025, likely improving churn rates.