**Summary**
ENGAGE XR Holdings Plc, an AI/Spatial Computing technology company, released a trading update for the 12 months ending December 31, 2025. The company reported a decline in revenue to approximately €1.9 million (from €3.4 million in 2024) due to delays in contract signings, lower enterprise sales, and reduced renewals, particularly in the technology sector. EBITDA loss improved to €2.4 million (from €4.0 million in 2024), aligning with market expectations, as management focused on cost control. Cash balances at year-end were €1.6 million, ahead of expectations.
Key factors impacting performance included a global slowdown in hiring, which reduced demand for ENGAGEs primary enterprise use case (training and onboarding). However, the company saw growth in the K-12 education sector, with increased platform usage and expanded license volumes. ENGAGE also released an update supporting newer Chromebook devices, enhancing scalability in the US education market, and plans to demonstrate the platform at the Bett Conference in January 2026.
CEO David Whelan acknowledged the challenges of 2025, particularly in enterprise renewals, but emphasized opportunities in the education sector, especially in the US and Middle East. The Board remains focused on cash resources to fund operations and pursue growth opportunities. The announcement includes forward-looking statements and compliance with Market Abuse Regulation (MAR) requirements.