Source: Sharecast
Tribal expects to deliver FY25 revenues "comfortably in line" with, and adjusted underlying earnigs ahead of, current market expectations of £90.3m and £15.5m, respectively.
As a result of its improved FY performance and better working capital movements, Tribal also forecast a substantial improvement in its cash position, moving to a net cash balance of at least £5m at 31 December, compared with net debt of £3.2m a year earlier.
On the back of its strengthened balance sheet, Tribal announced plans to pay a special dividend of 1.5p per share on 29 January 2026, to shareholders on the register at the close of business on 5 January.
Tribal added that the roll‑out of its Higher Education Full‑Service subscription pricing model was progressing well, with a large proportion of customers now on subscription packages - reinforcing the strength of its recurring revenue base and provided a strong platform for customers to transition to the cloud and adopt a wider range of its applications.
Chief executive Mark Pickett said: "The healthy trading performance this year and move into a sustainable net cash position is evidence of the strengthening foundations of our Student Information Solutions division, as we transform into a full-service SaaS business.
"Importantly, the large proportion of our Higher Education customers now on a subscription licence supports further adoption of Tribal services, positioning us strongly for sustained growth and continued momentum."
As of 1135 GMT, Tribal shares were up 8.04% at 67.52p.
Reporting by Iain Gilbert at Sharecast.com