Skillcast Group (SKL) H1 2026 earnings summary

Executive summary

• H1 revenue rose 10% to £8.232m, led by subscription growth; EBITDA increased 48% to £997k and ARR grew 14% to £14.5m.

• Recurring revenue reached 90% of total, up from 85% in H1 2025; gross margin improved to 77.1%.

• FY revenue and profit are expected to be in line with expectations.

Financial highlights

• Subscription revenue increased 15% to £7.372m; total revenue rose to £8.232m from £7.502m.

• Gross profit rose 12% to £6.344m; gross margin increased 1.6 percentage points to 77.1%.

• EBITDA rose 48% to £997k; profit before tax increased 51.3% to £1.077m.

• Cash at 30 June 2026 was £13.641m, up £2.1m YoY; free cash flow was £675k versus £2.202m in H1 2025.

• Interim dividend increased 15% to 0.232p per share.

Outlook and guidance

• FY revenue and profit are expected to be in line with expectations; EBITDA growth is supported by operational gearing and productivity gains.

• H2 ARR growth is expected at a similar level to H1 in absolute terms, with lower YoY growth against stronger H2 2025 comparatives.

• Strategy targets annual ARR growth of 15–20% and consistent Rule of 40 achievement in the medium term.

• Further Aida product enhancements are planned for H2 2026 and 2027.