Skillcast Group (SKL) Trading update summary

Revenue and profitability

• FY25 revenue expected at ~£15.4m, up 16% YoY from £13.2m; growth entirely organic.

• Recurring subscription revenue rose 21% to ~£13.3m, reaching 87% of revenue vs 83% in 2024.

• Non-strategic professional services revenue fell 9% to ~£2.0m from £2.3m.

• FY25 EBITDA expected at ~£1.5m, ~210% above FY24’s £0.6m and in line with expectations; operational gearing and cost control supported growth.

ARR and cash

• ARR increased 19% to £13.8m at 31 Dec 2025 from £11.6m a year earlier, driven mainly by new customers, upsells to Enhanced or Premium packages and lower churn.

• Net cash was £12.7m at 31 Dec 2025 vs £9.1m a year earlier, equivalent to ~14p per ordinary share; improved conversion followed auto-renewing client contracts introduced in 2024.

Products and outlook

• Clients are using the products to digitise and automate compliance processes beyond staff training and increase staff engagement.

• Confidence in achieving the board’s expectations for FY26, with plans to build on 2025 performance through further product and service innovation.