Key points
- Revenue from ordinary activities down 5.3% to $24,251,385
- Loss from ordinary activities after tax up 82.0% to $(10,078,866)
- FY26 Underlying EBITDA loss of $4,200,817
- Closure of UK operations to focus on core Australian and New Zealand businesses
- Launch of new Cluey+ product in February 2026
Full summary
Cluey Ltd, an ASX-listed Edtech company, reported its FY26 audited financial results. The company experienced a 5% decline in revenue to $24,251,385. The loss from ordinary activities after tax increased significantly by 82.0% to $(10,078,866). The company attributed the loss to fewer new students and lower demand for its Code Camp division. Cluey also announced the closure of its UK operations to focus on its core Australian and New Zealand businesses. In February 2026, Cluey launched its new Cluey+ product, expanding its offerings to deliver a broader range of personalized education. The company expects its cash balance of $3,408,228 to primarily fund working capital requirements as it drives towards achieving profitability.
Guidance
FY26 Underlying EBITDA loss of $4,200,817
Outlook
Cluey remains focused on achieving profitability and accelerating growth momentum through disciplined cost management and continued investments in product and technology solutions.