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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 £90.3 million, similar to £90.0 million in 2024, and adjusted Ebitda of £15.5 million, 7.2% lower than £16.7 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 £5 million at the end of 2025, compared to net debt of £3.2 million at the end of 2024. It sharply outperforms company-cited market consensus of an expected net debt of £4.1 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. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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