• Revenue grew 6.6% driven by strong contributions across all segments
• Underlying EBITDA margin of 31.2% with improved cash EBITDA margin
• Significant new customer wins and upsells, including largest Workforce Solutions deal

ReadyTech Holdings Limited reported a 6.6% increase in revenue to $58.3 million for the first half of FY25, with recurring revenue representing 85.6% of the total. The company saw strong contributions across its key segments, with Education & Work Pathways revenue up 7.1%, Workforce Solutions revenue up 10.4%, and Government and Justice revenue up 13.0%. This growth was driven by new customer wins and upsells, including ReadyTech's first university customer and its largest Workforce Solutions contract to date. The company's disciplined approach to targeting high-value enterprise opportunities supported sustained segment EBITDA margins, with Underlying EBITDA growing 4.6% to $18.2 million and representing a margin of 31.2%. Underlying cash EBITDA margin also improved by 1.7% to 14.3%. Expenses increased 7.8% to $40.2 million as ReadyTech invested in capability to support future revenue growth. The company reported a loss of $18.7 million after tax, primarily due to a $20.6 million non-cash impairment of goodwill and related assets in the Government & Justice segment. ReadyTech completed the acquisition of CouncilWise Pty Ltd in February 2025, which is expected to enhance the company's Property and Rates offering and strengthen its local government footprint.

ReadyTech is set for continued success that will translate into tangible growth in the second half and beyond, driven by its strategic moves including the CouncilWise acquisition, major new contract wins, and a strengthening pipeline of advanced-stage opportunities.