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LONDON - GetBusy plc (AIM:GETB), a provider of productivity software for professional and financial services, reported flat revenue growth for the first half of 2025 but expects significant acceleration in its SmartVault business during the second half of the year.
The company reported a 1% increase in annual recurring revenue (ARR) to £21.1 million for the six months ended June 30, representing a 5% rise at constant currency. Total revenue grew 2% to £11 million, while the company recorded an adjusted EBITDA of £423,000, up 5% from the same period last year.
GetBusy’s SmartVault platform, which serves the U.S. tax preparation market, saw ARR growth of 9% to $15.6 million. The company expects this growth to accelerate to between 14% and 18% in the second half, driven by Thomson Reuters’ decision to discontinue its competing FileCabinet CS product and the upcoming launch of an integration with Intuit’s ProConnect tax software.
"SmartVault is set for a step-up in growth in H2 as it capitalises on its enviable reputation as the leading document automation platform for accountants," said Daniel Rabie, CEO of GetBusy.
The company also highlighted the recent launch of SmartRequestAI, which it described as a "gamechanger" for the 23,000 U.S. tax preparers using its platform. The AI-powered tool automates document gathering and client intake data verification.
GetBusy’s Workiro division, which includes its Virtual Cabinet product, reported flat ARR at £9.6 million. The company expects this business to return to growth in 2026.
The group reported a net bank debt position of £40,000 at June 30, compared to net cash of £178,000 a year earlier. Available cash funds totaled £2.96 million.
Based on a press release statement, GetBusy expects group constant currency ARR growth to increase to between 7% and 10% for the full year 2025.
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