RM plc: Interim Results for First Half of 2025

RM plc has announced its interim results for the first half of 2025, showcasing progress in profitability. The company's revenue from continuing operations stands at £73.2 million, down 6.5% from the prior year. However, losses before tax decreased significantly by 36.8% to £4.3 million. The statutory loss after tax improved, shrinking by 51.5% to £3.3 million.

The company's strategic focus on digital assessment is highlighted by the successful launch of RM Ava, a new virtual accreditation platform. Assessment platform revenue surged by 19%, supported by contract renewals with entities like SEAB and SACE. RM anticipates assessment growth to compensate for declines in other divisions by year-end.

Despite challenges in the UK schools market affecting Technology and TTS divisions, RM continues to enhance margins through cost-saving initiatives and global expansion, including a new office in Dubai. Adjusted net debt rose to £59.6 million, attributed to investment in RM Ava.