Microlise Group
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Microlise Group (SAAS) investor relations material

Microlise Group H2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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H2 2025 earnings summary14 May, 2026

Executive summary

  • FY 2025 saw strong cash flow and 16% growth in direct customer recurring revenue, offset by lower OEM revenues.

  • GBP 5 million in annualized cost savings achieved via restructuring in December 2025, positioning for future investments and margin expansion.

  • Onboarded a new CTO and accelerated AI deployment for operational efficiency and product enhancement.

Financial highlights

  • Adjusted revenue up 4% year-on-year to GBP 84 million; recurring revenue up 8% to GBP 58.8 million.

  • Direct customer revenue grew 16%, with net revenue retention at 108% and churn just over 1%.

  • Operating cash flow reached GBP 13.3 million, ending with GBP 16.7 million in cash.

  • Non-recurring revenues contracted due to lower OEM volumes and project delays, expected to recover in 2026.

  • ARR increased from GBP 56.6 million to GBP 59.2 million, driven by direct customer growth.

Outlook and guidance

  • OEM revenues expected to remain subdued through 2027, with recovery anticipated in late 2027 or early 2028.

  • Double-digit direct customer revenue growth projected for 2026 and 2027.

  • Investments in TMS product, mid-market expansion, and international growth to drive future performance.

  • Margin expansion expected from revenue mix shift and operational efficiencies.

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