• Underlying EBITDA loss of $0.66M, 14% improvement from previous corresponding period
• Gross profit margin improved to 59.6%, 3.8% increase
• Organisational restructure saves $1.23M annually
• Online Tutoring business shows signs of improvement
• Total cash on hand at $3.41M as of June 30, 2026

Cluey Ltd released its Q4 FY26 financial report, showing an underlying EBITDA loss of $0.66 million, a 14% improvement from the previous corresponding period. The company experienced a 7% decrease in student sessions and a 6% decrease in revenue to $6.27 million, primarily due to lower demand in the Code Camp division. However, a 12% improvement in Cost of Goods Sold, driven by favorable currency exchange rates, lifted the gross profit margin to 59.6%. The company also saw a $111,000 improvement in Underlying EBITDA, primarily due to a $450,000 reduction in employment costs. The organizational restructure contributed to this reduction, cutting full-time equivalent employees by 12% and annual employment costs by $1.23 million. The largest business unit, Online Tutoring, showed signs of improvement with a 2% reduction in the revenue gap and a 63% gross profit margin. Cash burn for the quarter was $1.35 million, negatively impacted by restructuring costs and increased investment in product and technology. Cluey plans to focus on AI learning, close the UK Code Camp business, and grow its core online tutoring business in FY27.

Cluey plans to focus on AI learning, close the UK Code Camp business, and grow its core online tutoring business in FY27.