• Platform SaaS ARR grew 22% YoY to $2.652 million
• Signed over $1.6m in multi-year SaaS LMS deals across Australia, Philippines and overseas
• Cash receipts from customers increased 26% YoY to $1.306 million

OpenLearning Limited (ASX: OLL) reported a strong Q2 FY25, with platform SaaS annual recurring revenue (ARR) growing 22% year-on-year (YoY) to $2.652 million, marking a significant acceleration in growth. The company added 15 new B2B SaaS customers in the quarter, taking the total to 262, with new customers across Australia, Malaysia, Philippines, India, U.K., United States, Indonesia and Vietnam. OpenLearning signed over $1.6 million in total contract value (TCV) of multi-year SaaS LMS deals across Australia, Philippines and overseas, with most of the value weighted towards later years and potential for further increases based on usage. Cash receipts from customers increased 26% YoY to $1.306 million, driven by strong growth in new SaaS subscriptions. The company also reported improving operating efficiencies, with net cash outflows from operating and technology investment activities decreasing by 48% YoY to $0.447 million. OpenLearning's LMS strategy has started to deliver results, with substantially larger deal sizes and a growing pipeline of deals in the later stages of the sales process. The company continued to expand the capabilities of its LMS to support institution-wide adoption across both online and on-campus programs, positioning it to be the primary LMS for universities and education providers seeking scalable, AI-powered solutions.

OpenLearning expects to continue the strong growth momentum in its platform SaaS ARR, driven by new customer wins and expansion of existing customers across its key markets in the 2025 financial year.

OpenLearning remains focused on driving long-term growth through product innovation, deep customer engagement and its efficient go-to-market strategy. The company has a strong and growing pipeline of opportunities across its key markets and is well-positioned to accelerate its market penetration, particularly in the Philippines and other Southeast Asian markets.