AdvancedAdvT Limited

Management Reports • Feb 20, 2025

National Storage Mechanism | Additional information

RNS Number : 7685X

AdvancedAdvT Limited

20 February 2025

20 February 2025

AdvancedAdvT Limited

Trading Update

Full year trading materially ahead of expectations

AdvancedAdvT Limited (AIM: ADVT, "AdvT", the "Group"), the international software solutions provider for the business, compliance, and resource management, today announces a pre-close trading update for the full year to 28 February 2025.

Trading Update

The Group has demonstrated strong performance since announcing its interim results on 14 November 2024. As a result, the Board now anticipates Adjusted EBITDA for the full year to 28 February 2025 will be materially above the current market expectations1. Performance has been driven by good growth in both new customers and the renewal of substantial contracts on improved terms, leading to sustained growth in recurring revenue. Additionally, the Group's laser focus on operational efficiencies achieved throughout the year has further strengthened the underlying and ongoing performance. Further details will be provided in the audited full-year results expected to be published in July 2025.

Vin Murria, Chairperson, commented:

"Our strong performance reflects the operational changes implemented in the first half of the year and the positive impact of key customer contract wins. These factors provide a solid foundation for continued growth. We remain focused delivering long-term value for our shareholders and continue to pursue further M&A targets."

1. The Board understands that current market expectations for FY25 Revenue and Adjusted EBITDA as at the date of this announcement are £41.0m and £8.4m respectively

Enquiries:

AdvancedAdvT Limited
Vin Murria, Chairperson Gavin Hugill, Chief Financial Officer	c/o Meare Consulting
Singer Capital Markets (Nominated Adviser and Broker)	Tel: 020 7496 3000
Philip Davies / Sam Butcher
KK Advisory (Investor Relations)	Tel: 020 7039 1901
Kam Bansil

Meare Consulting
Adrian Duffield	Tel: 07990 858548

Note to Editors

AdvancedAdvT Limited (AdvT) provides software solutions and platforms across two business transformational areas: business solutions & healthcare compliance, and human capital management.

The Group's operations are IBSS (financial management software), CHKS (AI based healthcare intelligence compliance and accreditation software), Retain (global resource planning and talent management software) and WFM (workforce management software provider).

AdvT is an agent for change. The Group enables the delivery of Artificial Intelligence ("AI"), data analytics and business intelligence, all of which are key future drivers for growth in these sectors where long term digitisation trends are set to transform the workplace for professionals. 

AdvT is developing both organically and through acquisitions, by expanding its presence across adjacent markets, geographical boundaries and digital sectors.

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