• 109% increase in Underlying EBITDA
• 26% organic growth in VET-in-Schools revenue
• 17% organic growth in direct eBook sales to Australian Schools

ReadCloud Limited has reported its audited FY25 results, which show continued revenue growth powered by VET-in-Schools (up 26%) and direct eBook sales to Australian Schools (up 17%). Revenue growth and cost discipline are driving strong momentum in earnings, with underlying EBITDA up 109%. The financial highlights for FY25 include a 109% increase in Underlying EBITDA, 26% organic growth in VET-in-Schools revenue to $5.7 million, including 29% growth in the core revenue line of school partnering fees, and 17% organic growth in direct eBook sales to Australian Schools. The company also reported being cashflow positive with $1.9 million cash at 30 September. ReadCloud's school-facing operations, including eBooks and ReadCloudVET, demonstrate strong unit economics, high customer retention, and controlled cost structures that position the Company for sustained profitable growth. Sales to date for the 2026 school year indicate that school customer retention and average customer revenue are both on target to strengthen further in FY26. ReadCloudVET has already added more than 40 new school customers for FY26. Meanwhile, the company's smallest business, Southern Solutions, which focuses on Industry Training, is under review considering its revenue headwinds and the relative strengths of ReadCloud's school-facing operations.

ReadCloud expects another year of strong organic revenue growth in school-facing operations to positively impact earnings and cash generation in FY26.

ReadCloud's school-facing operations are positioned to deliver stronger, more predictable returns, with operating costs being controlled. The company anticipates another year of strong organic revenue growth in school-facing operations to positively impact earnings and cash generation.