• RPMGlobal to divest 100% of Advisory Services to SLR Consulting Australia
• Enterprise value of A$63.0 million, implies 2.0x FY2024 Advisory net revenue and 8.1x FY2024 Advisory profit contribution
• Divestment to enable RPMGlobal to focus solely on its software business

RPMGlobal Holdings Ltd has announced the divestment of its global Advisory division to SLR Consulting Australia for an enterprise value of A$63.0 million on a debt-free, cash-free basis. The transaction is expected to close in early Q4 FY2025, subject to customary conditions. The divestment will enable RPMGlobal to focus solely on its software business, which the company believes will remove any impediment for software investors who favour companies with annually recurring revenue. The implied multiples of the transaction are 2.0 times FY2024 Advisory net revenue of A$31.1 million and 8.1 times the FY2024 Advisory profit contribution of A$7.8 million before any apportionment of corporate costs. The net cash proceeds from the divestment will be returned to RPMGlobal shareholders via a capital return. The company's Software division continued to perform strongly in the first half of FY2025, with new record highs for revenue and underlying EBITDA. The transition from perpetual to subscription licensing is providing significant operating leverage, and the company's software sales pipeline remains robust, with several large pilot projects on track for completion this financial year.

The company's outlook remains very positive, with the divestment of the Advisory division enabling a sole focus on the software business. Market acceptance and adoption of RPM's software products continues to accelerate, particularly in the Asset Management, Operations and Execution work streams. The company is actively working with some of the world's largest mining companies on productivity software development projects, which is expected to solidify and expand RPM's reputation as a respected and reliable software vendor for the global mining industry.