Skillcast Group (AIM:SKL) told investors it expects to report revenue of £8.2 million for the six months to 30 June, up 10% on the £7.5 million recorded in the same period last year.
The AIM-listed governance, risk and compliance (GRC) software and e-learning provider said it continues to trade in line with market expectations for the full year.
Recurring subscription revenue rose 15% to £7.4 million, now accounting for 90% of total revenue, up from 85% a year earlier. Revenue from non-strategic professional services fell to £0.9 million from £1.1 million. Annualised recurring revenue (ARR) climbed 14% year-on-year to £14.5 million at the end of June, up 5% since the start of the year, when it stood at £13.8 million.
The company reported it was debt-free and had cash of £13.6 million at period end, up from £11.5 million at 31 December, equivalent to roughly 15p per share.
Chief executive Vivek Dodd said ARR growth from new clients and upsells matched the rate guided in April, though "political and economic uncertainty, both at home and abroad, has continued to slow decision-making."
Skillcast plans to expand its AI agent Aida, launched in 2025, with course-editing capability and a new Conversational Learning tool in the second half of the year.
The group is slated to publish full interim results on 30 September.
News Intelligence what this means for the company
Skillcast reported H1 revenue of £8.2m (up 10% YoY) with recurring subscription revenue climbing 15% to £7.4m and now representing 90% of total revenue. The company reaffirmed full-year guidance and grew ARR 14% to £14.5m, but management attributed slower client decision-making to political and economic uncertainty—a headwind that offset otherwise on-track execution.
The shift toward recurring revenue (now 90% of the mix) and 14% ARR growth strengthen Skillcast's SaaS profile and cash generation, but the CEO's acknowledgment of prolonged decision-making delays signals that macro uncertainty is dampening near-term momentum. The company's £13.6m cash position and zero debt provide runway, though visibility into H2 acceleration remains constrained by external conditions.
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