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LONDON - Transport management software provider Microlise Group plc (AIM:SAAS) reported a 12.6% increase in revenue to £44.1 million for the six months ended June 30, 2025, according to a press release statement issued Thursday.
The company’s recurring revenue grew 11.1% to £29.5 million compared to the same period last year, representing 67% of total group revenue. Adjusted operating profit rose 25.7% to £3.5 million, while adjusted EBITDA increased 18.8% to £6.2 million.
Profit before tax showed significant improvement, jumping 465% to £1.9 million from £0.3 million in the first half of 2024. The company’s cash position strengthened to £11.2 million, up 24.7% from £8.9 million a year earlier.
Microlise added 216 new direct customers during the period and secured several major multi-year contracts with companies including Müller UK and Ireland, Greene King, and Geraldton Fishermen’s Co-Operative in Australia. The company also renewed several major contracts with increased revenues from existing clients such as Maritime, Schenk UK Ltd and City Plumbing Supplies.
Customer retention remained stable with a churn rate of 0.5%, unchanged from the same period last year. The number of subscriptions increased 6.9% to 884,000, while the annualized recurring revenue run rate grew 8.7% to £58.7 million.
The board declared an interim dividend of 0.60 pence per share, compared to 0.57 pence for the previous year.
Microlise provides transport management software to fleet operators and has been expanding its international presence, with new contract wins in France reported after the end of the reporting period.
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