Readcloud Limited
RCL.ASXInformation Technology
Education technology providing digital eLearning solutions to Australian schools
Market Data
$0.079
+0.1%$12.1M
-100000.0x
$-0.002
0.00%
-0.2%
Latest Earnings
Appendix 4D and Half Year Financial Report
28 May 2026
ReadCloud delivered solid operational performance in H1 FY26, with continuing operations revenue up 6% to $8.5m and underlying EBITDA up 5% to $2.1m, driven by strong 15% growth in core VET-in-schools auspicing revenue. However, the overall statutory result was significantly impacted by a $1.6m loss from discontinuing operations (Southern Solutions), including a $1.3m goodwill impairment, resulting in a net loss of $51.9k for the half-year. The company is exiting the unprofitable industry training sector to focus resources on higher-margin school-based businesses, which are tracking to achieve FY26 targets. Key points: VET-in-schools core auspicing revenue grew 15% to $4.1m, demonstrating strong demand from schools for high-quality VET pathways; VET-in-schools division maintains exceptional gross margins above 90% with strong unit economics and operating leverage; Record 775 courses delivered across 385 partner schools in 2026 (6% increase on 2025); 55 new schools acquired in 1H26 and 10 already confirmed for 2027
Recent Announcements
Appendix 4D and Half Year Financial Report
ReadCloud delivered solid operational performance in H1 FY26, with continuing operations revenue up 6% to $8.5m and underlying EBITDA up 5% to $2.1m, driven by strong 15% growth in core VET-in-schools auspicing revenue. However, the overall statutory result was significantly impacted by a $1.6m loss from discontinuing operations (Southern Solutions), including a $1.3m goodwill impairment, resulting in a net loss of $51.9k for the half-year. The company is exiting the unprofitable industry training sector to focus resources on higher-margin school-based businesses, which are tracking to achieve FY26 targets. Key points: VET-in-schools core auspicing revenue grew 15% to $4.1m, demonstrating strong demand from schools for high-quality VET pathways; VET-in-schools division maintains exceptional gross margins above 90% with strong unit economics and operating leverage; Record 775 courses delivered across 385 partner schools in 2026 (6% increase on 2025); 55 new schools acquired in 1H26 and 10 already confirmed for 2027
March 2026 Quarterly Report and Appendix 4C
ReadCloud delivered record Q2 FY26 cash receipts of $5.2m (up 28% YoY) from school businesses, driven by strong momentum in both ReadCloudVET (+92%) and eBooks (+11%) divisions, with net operating cash flow reaching $2.3m. The company has secured its FY26 target of 60 new schools, is on track to achieve financial targets including $1m+ underlying EBITDA, and maintains a debt-free balance sheet with $3.7m cash and positive full-year outlook. Key points: Record quarterly school cash receipts of $5.2m, up 28% YoY, driven by strong seasonal billing at school year start; ReadCloudVET exceptional growth with cash receipts up 92% YoY to $1.7m, 55 new schools confirmed, 385 schools contracted, and record 775 courses with student enrolments anticipated to exceed 16,000; eBooks division cash receipts up 11% YoY to $3.6m with average revenue per school on track to exceed $84,000 (18%+ growth from FY24), customer retention at 89%, and customer tenure extended to 5.02 years
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