Trading Update and Notice of Results
Tribal Group plc reported a robust trading update for the first half of 2026, with Core business Annual Recurring Revenue (ARR) increasing by 10.7% to £64.6 million, and overall ARR growing by 9.7% to £66.5 million. The company's net cash position improved to £0.6 million, a significant shift from a net debt of £3.9 million in the prior year, despite a £6 million dividend payment. Tribal expects to meet current market expectations for full-year 2026 revenue and adjusted EBITDA, with consensus figures indicating £93.6 million in revenue and £17.0 million in adjusted EBITDA. The Group will announce its full interim results on September 3, 2026.
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Tribal (AIM: TRB), a leading provider of software services to the international education market, is pleased to provide an update on trading for the six months ended 30 June 2026 ("H126").
Trading performance and Outlook
Trading in the first half of the year has been robust, in line with management expectations. Closing Annual Recurring Revenue (ARR)3 of the Core business increased by 10.7% to £64.6m (30 June 2025: £58.3m at constant currency3), reflecting growth in the Group's strategic products and cloud offering, more than offsetting the anticipated ongoing decline in non-core business ARR. Overall ARR increased by 9.7% to £66.5m (30 June 2025: £60.6m at constant currency).
Net cash improved to £0.6m (30 June 2025: net debt of £3.9m), after payment of £6m in dividends in the period, with the improved position reflecting the Group's continuing focus on cost control and operational efficiency.
Tribal expects to deliver a solid trading performance in FY26 with revenue and adjusted EBITDA1 comfortably in line with current market expectations2.
Notice of Results
The Group will announce its results for the six months ended 30 June 2026 on Thursday, 03 September 2026.
Notes
| 1 | Adjusted EBITDA is in respect of continuing operations and is calculated by taking the Operating Profit after Central Overheads excluding Interest, Tax, Depreciation and Amortisation and exceptional items. |
| 2 | In so far as the Board is aware, as at 03 August 2026, consensus market expectations for FY26: Revenue: £93.6m, Adjusted EBITDA: £17.0m, Net Cash (excluding leases): £9.4m. |
| 3 | Year on year movement on a constant currency basis. The Group has applied 2026 foreign exchange rates to 2025 results to restate the 2025 comparative to constant currency. |
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