EdTech RM plc has posted a huge increase in annual operating profit.
The global educational technology, digital learning and assessment solution provider, based in Abingdon, Oxfordshire, reported adjusted operating profit of £11.5 million, with adjusted EBITDA of £16.6m, for the year ended 30th November 2025 – 34% and 21% higher than 2024, respectively.
The performance is being driven by its Assessment division, where full-year revenue is up 20% and platform revenue has grown 17%, supported by a record number of exams marked in 115 countries on the company’s technology.
The business also secured strategic customer renewals at scale, with 98% of Assessment revenue up for renewal in FY25 successfully renewed.
Group revenue from continuing operations is expected to be 2-3% lower than last year, reflecting a tough UK schools market earlier in the year that weighed on the Technology and TTS divisions.
Net debt is forecast at £50-51m, with RM confirming it remained within its EBITDA and hard liquidity banking covenants while continuing to invest working capital and capex to support future growth.
Following its October 2025 equity placing, the business says it is pushing ahead with plans to simplify the group and dispose of non-core assets, alongside ongoing work to separate parts of the business to unlock future cost savings.
Development of its accreditation platform, RM Ava, which it sees as a key driver of future Assessment growth, is said to be progressing well and remains on track.
“Following a period of transformation, this year has seen us build real momentum in executing our strategy as we continue to grow our core Assessment platform revenue and accelerate the development of RM Ava,” said RM CEO Mark Cook.
“We are also pleased to report a meaningful increase in our profitability year on year, as a result of a focus on the higher margin Assessment business.
“We are making good progress on the strategic actions we committed to as part of the October equity raise and I look forward to providing a further update when the full year results are announced.”