Microlise Group plc says revenue for FY2025 is expected to be in-line with revised market expectations.

The provider of transport management software to fleet operators reported 16% underlying recurring revenue growth from direct customers and £5m of annualised cost savings executed.

Revenue for the year ending 31st December 2025 was £84 (FY2024: £81m), representing growth of 3.7%. Annual recurring revenue increased 4.6% to £59.1m (FY 2024: £56.6m).

The group’s net cash as of 31st December 2025 was ahead of revised expectations at £16.7m, up from £11.4m at 31st December 2024.