London-listed Tribal expects FY25 adjusted EBITDA to be ahead, with revenue to be comfortably in line with market expectations, driven by strong second-half trading in its Student Information Solutions division and a return to growth in Etio.

The company is forecasting net cash of at least £5 million by 31st December, up from net debt of £3.2m a year earlier.

Its shares have risen by 8% to 67.52p so far this morning.