**Microlise Group PLC Full Year 2025 Trading Update & Notice of Results Summary:**
Microlise Group PLC, a leading provider of transport management software, released its unaudited trading update for FY2025, highlighting steady growth and strategic advancements.
**Financial Highlights**
* **Revenue** Total revenue is expected to be £84.0 million, in line with revised market expectations and representing a 3.7% increase from FY2024.
* **Recurring Revenue** Grew by 7.5% to £58.8 million, driven by a strong 16% year-on-year increase from direct customers.
* **Non-recurring Revenue** Declined by 4.3% to £25.2 million due to lower hardware volumes from Global OEM customers and delayed implementation revenues.
* **Adjusted EBITDA** Expected to be £8.3 million, in line with market expectations, with a margin of approximately 10%.
* **Net Cash** Increased to £16.7 million, exceeding expectations, due to strong cash collection and a large contract renewal.
**Operational Highlights**
* **Cost Savings** Successfully implemented £5 million in annualized cost savings through efficiency measures announced in November 2025.
* **Customer Growth** Added 417 new customers across key markets, with churn remaining low at 1.4%.
* **Product Adoption** Strong uptake of the Microlise Transport Management Solutions (TMS) module by new and existing customers.
* **Technology Integration** Enhanced Microlise One platform with API integrations for third-party data, including vehicle refrigeration OEMs.
* **Leadership Change** Appointed Dean Garvey-North as Chief Technology Officer, succeeding Duncan McCreadie.
**Future Outlook**
* **Microlise Transport Conference** Scheduled for May 12, 2026, in Manchester, focusing on industry challenges and Microlises technology solutions.
* **FY2026** Expects revenues from Global OEM customers to be below FY2025 levels but remains confident in profitability, cash generation, and ARR growth.
**CEO Comment**
Nadeem Raza, CEO, expressed satisfaction with the direct business momentum and highlighted investments in go-to-market teams and data center migration. He emphasized Microlises strong position for future growth with a streamlined cost base, scalable platform, and expanding market opportunities.
**Notice of Results** Final results for FY2025 will be announced in mid-April 2026.