tiprankstipranks

Tribal Group plc Exceeds Expectations with Strong FY24 Results

Story Highlights
Tribal Group plc Exceeds Expectations with Strong FY24 Results

The latest announcement is out from Tribal Group plc ( (GB:TRB) ).

Tribal Group plc reported strong financial results for the year ended 31 December 2024, with revenue and adjusted EBITDA exceeding market expectations. The company saw a 6.5% increase in Annual Recurring Revenue, driven by growth in its strategic core products, and a significant reduction in net debt to £3.2m. The Group’s focus on transitioning to a SaaS business model and enhancing operational efficiency has supported its robust performance, despite challenges in the market. The company is optimistic about continued growth and profitability in FY25, underpinned by its effective cloud strategy and increasing ARR.

More about Tribal Group plc

Tribal Group plc is a leading provider of education software and services, specializing in Student Information Systems and a wide range of educational services such as quality assurance, benchmarking, and student surveys. The company operates in over 55 countries, working with higher education, further and tertiary education institutions, schools, government bodies, and employers, aiming to empower education through innovative solutions.

YTD Price Performance: -13.79%

Average Trading Volume: 512,541

Technical Sentiment Signal: Strong Buy

Current Market Cap: £85.41M

Find detailed analytics on TRB stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App