London · Delayed Price · Currency is GBP · Price in GBX Microlise Group Earnings Call Transcripts
Fiscal Year 2026
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Direct ARR grew 12% to £47.1m with EBITDA margin up to 13.2%, driven by upselling and TMS product focus. OEM ARR declined as expected, but direct business growth and cost savings offset this. Investments in product, AI, and GTM teams are set to accelerate growth and margin expansion in 2027 and beyond.
Fiscal Year 2025
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FY 2025 delivered strong cash flow, 16% direct customer revenue growth, and GBP 5m in cost savings, offset by OEM headwinds. Investments in AI, TMS, and international expansion are set to drive margin expansion and double-digit growth in direct revenues through 2027.
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H1 saw double-digit revenue and EBITDA growth, strong customer expansion, and margin improvement. Cybersecurity risks are managed, with insurance covering recent incidents. Management remains optimistic, supported by a robust cash position and significant market opportunity.
Fiscal Year 2024
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Revenue grew 13% to £81M, with recurring revenue up 21% and EBITDA up 20%. Margin improvements, strong cash flow, and international expansion offset OEM hardware slowdown. Cyber incident led to higher security spend but no customer loss.
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Revenue grew 15.4% year-over-year to £39.1M, driven by strong recurring revenue and international expansion. Gross margin improved to 65%, and the company remains cash generative with a low churn rate and robust order backlog supporting confidence in meeting 2024 forecasts.