• 13% growth in consolidated Sales & Fee Revenue to $9.16m
• 214% increase in Statutory Profit to $1.32m
• 73% increase in underlying EBITDA to $1.80m

ReadCloud Limited has reported strong financial results for the half-year ended 31 March 2025. The company achieved a 13% ($1.02m) increase in consolidated Sales & Fee Revenue to $9.16m, driven by 32% growth in the VET-in-schools business and 10% growth in domestic Direct customer eBook Solutions sales. Gross profit increased by 20% to $4.94m, primarily due to the strong performance of the high-margin VET-in-schools business. Operating expenses were stable, increasing by just 1% to $3.28m, reflecting disciplined cost control. This contributed to a 214% increase in Statutory Profit to $1.32m and a 73% increase in underlying EBITDA to $1.80m. The company remains debt-free and self-funded, positioning it well to pursue organic growth initiatives. The VET-in-schools and eBooks businesses are expected to deliver 15% organic revenue growth in FY25, with the large addressable markets in school-based education continuing to benefit from tailwinds such as the migration to online education and recognition of skills shortages.

ReadCloud's VET-in-Schools and eBooks businesses (c88% of total revenue in 1H FY25) are on track to deliver 15% organic revenue growth in FY25.

ReadCloud is firmly positioned to capitalize on the significant opportunities in the school-based education and international schools sectors, with strong product-market fit, consistently positive operating cashflow, and a strong balance sheet.