Microlise Group PLC, a leading provider of transport management software, reported strong interim results for the six months ended 30 June 2025, driven by consistent strategic execution and growth across key financial and operational metrics.
**Financial Highlights**
* **Revenue Growth** Total revenue increased by 12.6% to £44.1 million, with recurring revenue rising 11.1% to £29.5 million and non-recurring revenue growing 15.7% to £14.5 million.
* **Profitability** Adjusted EBITDA rose 18.8% to £6.2 million, with margins improving to 14.1%. Adjusted operating profit increased 25.7% to £3.5 million, and adjusted profit before tax grew 26.5% to £3.6 million.
* **Cash Position** Net cash increased 24.7% to £11.2 million, reflecting strong cash generation and the payment of a £1.4 million final dividend for 2024.
**Operational Highlights**
* **Customer Acquisition** 216 new direct customers were added, with notable wins including Müller UK and Ireland, Greene King, and Geraldton Fishermens Co-Operative (Brolos) in Australia.
* **Customer Retention** Churn remained low at 0.5%, demonstrating the value of Microlises solutions to its customers.
* **Product Innovation** The company advanced its MicroliseOne platform, consolidating its product suite onto a single, scalable platform to drive cross-sell and upsell opportunities.
* **International Expansion** Microlise continued its international expansion, winning new contracts in France and Australia, and achieving TCA Type Approval in Australia, a key regulatory certification.
**Strategic Focus**
* **Margin Enhancement** Initiatives to improve margins through cost control, process optimization, and AI efficiencies are yielding results, with further improvements expected in H2 2025 and beyond.
* **Product Integration** The MicroliseOne platform is unifying the companys product suite, enhancing cross-sell and upsell opportunities, and delivering a more compelling offering to customers.
* **Mid-Market Penetration** Microlise is successfully targeting mid-tier fleet customers (100-500 vehicles), with strong results in this segment.
* **Security and Resilience** The company continues to invest in cybersecurity measures to ensure the resilience of its platform and protect customer data.
**Outlook**
Microlise remains confident in its ability to deliver disciplined, profitable growth, despite broader market challenges. The companys refreshed go-to-market strategy, healthy order book, and expanding product suite position it well for continued success.
**Key Takeaways**
* Microlise Group PLC delivered strong interim results, with revenue growth, improved profitability, and a robust cash position.
* The companys strategic focus on margin enhancement, product integration, mid-market penetration, and international expansion is driving growth and innovation.
* Microlise remains well-positioned for continued success, despite market challenges, with a clear strategy, strong financial position, and market-leading product offering.