Skillcast shares climb higher as subscription revenues drive growth

Skillcast Group PLC on Friday said it sees growth opportunities in both core and adjacent markets, as it lifted its interim dividend amid a surge in profit.

The London-based digital compliance content and technology provider reported pretax profit of £711,791 for the six months that ended June 30, multiplying from £40,876 a year earlier.

Shares in Skillcast rose 7.9% to 61.50 pence on Friday morning in London.

Driving this improved bottom line was an 18% gain in its top line to £7.5 million from £6.4 million, with this driven by Software-as-a-Service subscription revenues.

SaaS subscription revenue rose 23% to £6.4 million from £5.2 million, as Skillcast reported an 8% uplift in new clients. Annual recurring revenue also improved, up 23% to £12.8 million from £10.3 million.

However, the company did face increased costs, as administrative expenses rose 9.4% to £5.1 million from £4.7 million.

Skillcast declared an interim dividend of 0.202 pence per share, up 20% from 0.168p a year prior.

Looking ahead, Skillcast said ARR is continuing to grow in the second half of 2025, with subscription revenues performing in line with expectations.

The company said it is confident in meeting market expectations for the full-year,

‘Our H1 2025 performance demonstrates the resilience of the GRC market and our value proposition,’ said Chief Executive Vivek Dodd.

‘Skillcast is seen as a trusted partner by over 1,400 companies, mainly in the UK, for simplifying their staff compliance, cutting costs and building resilience. We see opportunities to grow in our core and adjacent markets and continue to look for suitable acquisitions to supplement organic growth,’ continued Dodd.

Copyright 2025 Alliance News Ltd. All Rights Reserved.