TRIBAL GROUP

Tribal Group has agreed a conditional sale of its operating business to funds controlled by Main Capital Partners for approximately £189.3m. The sale covers all operating subsidiaries, including Student Information Solutions and Etio; the affected units generated revenue of £92.5m and adjusted EBITDA of £17.5m for the year to 31 December 2025. Shareholder approval is expected at a general meeting on 2 October 2026; directors and certain shareholders holding around 44.2% have already committed. The board rejected an alternative offer from SilverTree of 95p per share and plans, after completion, to delist from AIM and carry out an orderly members’ voluntary liquidation to distribute the proceeds; £4.9m is earmarked for the forfeiture of options. » More on de.investing.com

British education software provider Tribal Group reports preliminary revenue of £92.5m for fiscal 2025 (+4%) and an adjusted EBITDA of £17.5m (+8%). Recurring subscription and cloud revenue rose 32%, lifting annual recurring revenue to £63.3m. The Etio division benefited from cost efficiencies, which helped margins expand despite weak demand. For 2026 the company expects revenue of £93m and an adjusted EBITDA of £17m, but warns of potential contract delays due to the situation in the Middle East. » More on de.investing.com