Tribal Group PLC
04 August 2026
4 August 2026
Tribal Group plc
("Tribal", the "Company" or the "Group")
Trading Update and Notice of Results
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
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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. |
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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. |
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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. |
Enquiries:
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Tribal Group plc |
Tel: +44 (0) 117 311 5293 |
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Mark Pickett, Chief Executive Officer Diane McIntyre, Chief Financial Officer |
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Investec Bank plc (NOMAD & Joint Broker) |
Tel: +44 (0) 20 7597 5970 |
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Virginia Bull, Nick Prowting, Arnav Kapoor |
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Singer Capital Markets Limited (Joint Broker) |
Tel: +44 (0) 20 7496 3000 |
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Sara Hale, Alex Bond |
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Alma Strategic Communications |
Tel: +44 (0)203 405 0205 |
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Caroline Forde, Hannah Campbell, Emma Thompson |
About Tribal Group plc
Tribal Group plc is a pioneering world-leader of education software and services. Its portfolio includes Student Information Systems; a broad range of education services covering quality assurance, peer review, benchmarking and improvement; and student surveys that provide the leading global benchmarks for student experience. Working with Higher Education, Further and Tertiary Education, schools, Government and State bodies, training providers and employers, in over 55 countries; Tribal Group's mission is to empower the world of education with products and services that underpin student success.
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