Trading Update
Full year Adjusted EBITDA expected materially above market expectations of £8.4m.
vs expectations: ahead
- Market expectation for FY25 Revenue £41.0m
- Market expectation for FY25 Adjusted EBITDA £8.4m
Select text to share a quote on X · sign in to keep highlights & notes in your ADVT notes
AdvancedAdvT Limited (AIM: ADVT, "AdvT", the "Group"), the international software solutions provider for the business, compliance, and resource management, today announces a pre-close trading update for the full year to 28 February 2025.
Trading Update
The Group has demonstrated strong performance since announcing its interim results on 14 November 2024. As a result, the Board now anticipates Adjusted EBITDA for the full year to 28 February 2025 will be materially above the current market expectations1. Performance has been driven by good growth in both new customers and the renewal of substantial contracts on improved terms, leading to sustained growth in recurring revenue. Additionally, the Group's laser focus on operational efficiencies achieved throughout the year has further strengthened the underlying and ongoing performance. Further details will be provided in the audited full-year results expected to be published in July 2025.
Vin Murria, Chairperson, commented:
"Our strong performance reflects the operational changes implemented in the first half of the year and the positive impact of key customer contract wins. These factors provide a solid foundation for continued growth. We remain focused delivering long-term value for our shareholders and continue to pursue further M&A targets."
- The Board understands that current market expectations for FY25 Revenue and Adjusted EBITDA as at the date of this announcement are £41.0m and £8.4m respectively
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.