RCL.ASX: 1H FY26 Results Presentation

1H FY26 Results Presentation

Stock	Readcloud Ltd (RCL.ASX)
Release Time	28 May 2026, 11:14 a.m.
Price Sensitive	Yes

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ReadCloud Ltd: 1H FY26 Results Presentation

Key Points

School Businesses performing well: tracking to deliver to plan and financial targets
15% growth in core VET-in-schools partnering revenue to $4.1m
Cash position $3.7m at 31 March 2026, debt free
Exit of industry training and wind-down of Southern Solutions business

Full Summary

ReadCloud Ltd's 1H FY26 results show significant growth in its school-facing businesses, with a 15% increase in core VET-in-schools partnering revenue to $4.1m. Cash receipts from school customers rose 22% to $7.0m. The company's cash position improved to $3.7m at March 31, 2026, up from $1.9m at September 30, 2025, with no debt. The Southern Solutions business, classified as a discontinuing operation, has been exited, and its negative EBITDA contribution is expected to be less than $600k in FY26. The company remains on track to meet its full-year targets, including generating positive operating cash flow and achieving over $1m in underlying EBITDA for FY26.

Guidance

ReadCloud Ltd expects to generate over $1m in underlying EBITDA for FY26.

Outlook

ReadCloud Ltd anticipates continued growth in its school-facing businesses, with a strong 2027 pipeline and ongoing expansion of its VET-in-schools and eBook Solutions offerings.