2026 Half Year Report, Appendix 4D and Trading Update
| Stock | Cluey Ltd (CLU.ASX) |
|---|---|
| Release Time | 27 Feb 2026, 8:54 a.m. |
| Price Sensitive | Yes |
Cluey Ltd Reports 2026 Half Year Results and Launches Cluey+
- Cluey+ expands product offerings to include AI-enabled learning and 24/7 support
- H1 FY26 saw modest improvements in Underlying EBITDA and Operating Cashflow
- Early signs of positive momentum in Q3 with increases in new and total students
Cluey Ltd (ASX: CLU) has reported its H1 FY26 results, with the key highlight being the launch of its new Cluey+ product. Cluey+ is designed to expand the company's offerings beyond 1-to-1 tutoring, providing a 24/7 learning ecosystem with AI-powered features such as instant curriculum-aligned support, video lessons, and practice sets. The company believes Cluey+ will improve retention, increase average revenue per user, and reduce customer acquisition costs.For the half year ended 31 December 2025, Cluey saw a 3% decline in revenue and a 9% decrease in student sessions, partially offset by increased session frequency and average revenue per student. However, the company was able to deliver modest improvements in Underlying EBITDA and Operating Cashflow through cost discipline and operational efficiency.Looking ahead, the company is encouraged by the early signs of positive momentum in Q3, with new students up ~8% and total students up ~14% compared to the prior corresponding period. Cluey believes the launch of Cluey+ and a continued focus on cost management will position the company to return to revenue growth in H2 FY26 and make further progress towards positive cash flow and profitability.The company has invested significantly in product and technology, including developing internal AI capabilities, to enhance its education services and drive increased productivity and efficiency.
Based on the company's January and February performance, Cluey expects to return to revenue growth in H2 FY26 and make further progress towards positive cash flow and profitability.
Cluey is focused on expanding its offerings, including new courses, a wider range of learning services, and extension into other education segments. The company is committed to making a positive difference to school children's educational outcomes and attitudes to learning.