Tribal Group plc (GB:TRB) has released an update.
Tribal Group plc reported a steady financial performance for the first half of 2024, with a 5.2% increase in revenue to £44.9m and a 7.2% increase in adjusted EBITDA to £7.4m, despite a significant drop in statutory profit after tax. The company’s focus on SaaS-based educational software and services has led to stable annual recurring revenue and reduced net debt, positioning it for a confident outlook in line with market expectations. In addition, Tribal announced an interim dividend of 0.65pps following a successful settlement with NTU and improved cashflow.
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