Tribal Group plc has reported a positive close to FY25, delivering revenue and adjusted EBITDA slightly ahead of the recently upwardly revised market expectations.

The provider of software and services to the international education market said ARR increased by 11% to £63.3m (FY24: £57m), driven by both new customer wins and upgrades.

It substantially improved its net cash position at 31st December 2025 at £11.4m, significantly ahead of current market forecasts (FY24: net debt of £3.2m), reflecting a considerable improvement in profitability, reduced capex requirements within the business, an exceptional working capital performance and a one-off advance customer payment of £3.2m.

It said the strong financial performance reflected healthy demand for Student Information Solutions, with key go-lives including University of Warwick, University of Wolverhampton and University of the Arts London.