• 35% increase in cash receipts for the June quarter on pcp to $4.6m
• VET-in-Schools growth continues >25% with gross margins >90%
• Operating leverage retained with disciplined cost control

Readcloud Ltd has reported strong financial results for the June 2025 quarter, with a 35% increase in cash receipts from customers to $4.6m compared to the prior corresponding period. The company's VET-in-Schools business continued to grow, with sales and fee revenue up 27% year-to-date to $5.4m. Domestic Direct eBook revenue also increased 13% year-to-date to $4.1m, bringing total eBook Solutions revenue to $4.5m. Readcloud attended its first international schools conference in May, with positive feedback and indications of an acceleration in international sales in 2026. The company has also restructured its Industry Training workforce in response to recent State government policy changes impacting industry training revenues. Readcloud remains in a strong financial position, with $3.0m in cash and no debt as at 30 June 2025. The company is focused on unlocking operating leverage through disciplined execution and is on track for positive underlying EBITDA and operating cash flow in FY25.

FY25 full-year revenue forecast to be between $12.7m and $13.0m

Positive operating cash flow for FY25 provides a solid foundation to accelerate growth initiatives. Management is focused on unlocking operating leverage with disciplined execution.