ReadCloud Builds School Revenue Momentum as Industry Training Shrinks on Funding Pressure

The latest announcement is out from ReadCloud Ltd. ( (AU:RCL) ).

ReadCloud reported a strong December 2025 quarter in its school-facing businesses, signing more than 50 new schools for the 2026 academic year across its VET-in-Schools and eBooks divisions and maintaining expected retention rates above 90%, which, combined with rising qualifications per school, underpins a forecast of more than 15% VET-in-Schools revenue growth in FY26 and sustained gross margins above 90%. Cash receipts from school customers rose 12% year on year, while total customer receipts slipped 9% due to a sharp decline in its Southern Solutions industry training arm, which is being strategically downsized amid state funding uncertainty, contributing to a net operating cash outflow of $0.4m and leaving closing cash at $1.5m as the company prioritises its more predictable and recurring school-based revenue streams and invests in marketing to accelerate growth and build international pipelines.

More about ReadCloud Ltd.

ReadCloud Limited is an ASX-listed Australian education technology company that provides digital learning solutions to secondary schools and the Vocational Education and Training (VET) sector. Its core offerings include ReadCloudVET, which delivers VET-in-Schools programs, and an eBooks platform for schools, with a growing focus on both domestic school customers and emerging international school opportunities.

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Technical Sentiment Signal: Buy

Current Market Cap: A$15.36M

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