RM Plc Reports Transformative Year-End Results for 2024

RM Plc, a leader in educational technology, has released its final results for the year ending 30 November 2024. The company marked significant progress following a strategic transformation. Revenue from continuing operations declined by 14.9% due to the closure of the Consortium division and challenging conditions in the schools market. However, RM achieved a notable improvement in adjusted operating profit, rising significantly from £0.3m in FY23 to £8.6m in FY24.

Adjusted EBITDA surged by 87.2% to £13.1m, while net cash inflow improved to £8.4m. The company's strategic Assessment business saw substantial contract growth, more than doubling its order book to £95.7m. RM secured key renewals and new contracts with major clients, including International Baccalaureate and Cambridge University Press & Assessment, supporting its global accreditation platform.

Future prospects include a focus on reducing net debt and continuing investment in core areas. RM aims to capitalize on its strengthened foundations and strategic partnerships for sustainable growth.