Trading Update and Notice of Interim Results

The information contained within this announcement is deemed by the Company to constitute inside information pursuant to Article 7 of EU Regulation 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 as amended

Skillcast Group plc

("Skillcast", the "Group", or the "Company")

Trading Update and Notice of Interim Results

Skillcast Group plc (AIM: SKL), the governance, risk and compliance ("GRC") software and e-learning provider, is pleased to announce a trading update for the six months ended 30 June 2025.

The Group expects to report revenues of £7.5 million for H1 2025, an 18% increase on the comparative period last year (H1 2024: £6.4 million). The growth continues to be driven by recurring subscription revenues, which increased 23% on the same period last year to £6.4 million (H1 2024: £5.2 million). The share of the revenue from subscriptions increased to 85% (H1 2024: 81%) of total Group revenues. Revenue from non-strategic professional services was £1.1 million (H1 2024: £1.2 million).

The Group's ARR* has increased by 22% over the 12 months to June 2025 to £12.7 million (June 2024 ARR: £10.4 million) and by 9% since the start of the year (December 2024 ARR: £11.6 million). The Group's profit margin has continued to increase due to operational gearing. Overall the Group continues to trade in line with full year expectations.

The Group had no debt and cash in bank of £11.5 million at 30 June 2025 (31 December 2024: £8.4 million). This represents c. 13 pence per ordinary share in the Company.

Notice of Interim Results

The Group will announce its full interim results on 19 September 2025.

Vivek Dodd, Chief Executive Officer of Skillcast Group, commented:

"Our continued ARR growth demonstrates the relevance and value of our GRC software and e-learning products to companies during a period of heightened economic uncertainty. I remain confident of our medium term revenue growth prospects and increasing profitability. We continue to see the opportunity to grow in all our market segments by helping companies to simplify their staff compliance."