Tribal lifts guidance as profits and cash set to beat expectations

(Sharecast News) - Educational software and services firm Tribal Group said on Friday that it was on track to deliver both profits and cash ahead of market expectations following a "solid" full-year performance.

Tribal expects to deliver FY25 revenues "comfortably in line" with, and adjusted underlying earnigs ahead of, current market expectations of �90.3m and �15.5m, respectively.

As a result of its improved FY performance and better working capital movements, Tribal also forecast a substantial improvement in its cash position, moving to a net cash balance of at least �5m at 31 December, compared with net debt of �3.2m a year earlier.

On the back of its strengthened balance sheet, Tribal announced plans to pay a special dividend of 1.5p per share on 29 January 2026, to shareholders on the register at the close of business on 5 January.

Tribal added that the rollout of its Higher Education FullService subscription pricing model was progressing well, with a large proportion of customers now on subscription packages - reinforcing the strength of its recurring revenue base and provided a strong platform for customers to transition to the cloud and adopt a wider range of its applications.

Chief executive Mark Pickett said: "The healthy trading performance this year and move into a sustainable net cash position is evidence of the strengthening foundations of our Student Information Solutions division, as we transform into a full-service SaaS business.

"Importantly, the large proportion of our Higher Education customers now on a subscription licence supports further adoption of Tribal services, positioning us strongly for sustained growth and continued momentum."

As of 1135 GMT, Tribal shares were up 8.04% at 67.52p.

Reporting by Iain Gilbert at Sharecast.com