March 2026 Quarterly Report and Appendix 4C
| Stock | Readcloud Ltd (RCL.ASX) |
|---|---|
| Release Time | 14 Apr 2026, 8:47 a.m. |
| Price Sensitive | Yes |
ReadCloud Ltd reports record quarterly cash receipts
- ReadCloud's school businesses generated cash receipts of $5.2m for the quarter, a 28% increase on pcp
- 60 new schools have joined ReadCloud for 2026
- ReadCloud is in 440 schools and growing
ReadCloud Ltd (ASX: RCL) reports its Appendix 4C for the quarter ended 31 March 2026, demonstrating extended positive momentum across its core businesses. ReadCloud's school businesses generated cash receipts of $5.2m for the quarter, a record for the Company and a 28% increase on the prior corresponding period. The company added 60 new schools for 2026, bringing the total to 440 schools. ReadCloudVET is growing with the number of school customers, the number of courses delivered, and the number of students enrolled all increasing to new record highs in 2026. The eBooks division continued to deliver high-quality recurring revenue during the quarter, underpinned by ReadCloud's strong school relationships and differentiated digital learning platform. The company expects to generate positive operating cash flow for the full year ending 30 September 2026 and is on track to achieve its financial targets, including growing revenue at 10-20% per annum, controlling operating cost increases to less than 7%, adding 60+ new school customers each year, retaining 90% of school customers, and generating $1m+ of underlying EBITDA in FY26.
ReadCloud's school-based businesses are on track to achieve stated targets: 1) Grow revenue at 10-20% per annum, 2) Control operating cost increases to less than 7%, 3) Add 60+ new school customers each year, 4) Retain 90% of school customers, and 5) Generate $1m+ of underlying EBITDA in FY26.
Further strengthening is anticipated in FY27. ReadCloud has scalable technology platforms for schools with controlled cost structures. By concentrating resources on core competencies in school-based learning, ReadCloud will deliver stronger, more predictable returns. ReadCloud is expanding its salesforce in 2026 to leverage its strengthening market presence and brand recognition amongst schools to accelerate growth in upcoming sales cycles.