RWS (RWS) investor relations material

RWS H2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
H2 2025 earnings summary11 Dec, 2025

Executive summary

  • Marked a strategic pivot from service-led to technology-first, with AI and SaaS at the core of the business model, supported by new leadership, a refreshed operating model, and a brand relaunch.

  • SaaS transition accelerated, with SaaS now 46% of license revenue, up from 39% year-over-year.

  • Strong partnerships with Microsoft, AWS, Cohere, and Google Cloud underpin product innovation and market reach.

  • Acquisition of Papercup fully integrated, enhancing AI for video capabilities.

  • Industry awards and a robust product pipeline signal momentum into FY26.

Financial highlights

  • FY25 revenue was GBP 690.1 million, an organic constant currency decline of 0.7% year-over-year and down 3.9% reported.

  • Gross margin declined to 43.4%, mainly due to adverse mix, lower high-margin revenue, and operational challenges.

  • Adjusted profit before tax was GBP 60.4 million; adjusted basic EPS was 12.1 pence; total dividend per share was GBP 0.0705.

  • Adjusted EBITDA was GBP 100.8 million, with a margin of 14.6%, down 500 basis points year-over-year.

  • Operational free cash flow rose 46% to GBP 80.1 million, driven by working capital improvements and lower CapEx.

Outlook and guidance

  • FY26 guidance: Group revenue expected to grow low single digits, with 'Generate' segment mid-teens, 'Protect' mid-single digit growth, and 'Transform' low to mid-single digit decline.

  • Gross margin expansion of 150 basis points and adjusted operating margin up 100 basis points targeted for FY26.

  • Operational free cash flow conversion to normalize to 60-70% in the medium term.

  • Medium-term guidance: group growth to accelerate as technology-first offerings offset traditional service declines.

  • Capex as a percentage of revenue to see a modest increase.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

The essential earnings season companion

The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

RWS Holdings Plc offers translation, intellectual property support, and language technology services. The company provides content localization, patent translation, and AI-powered linguistic solutions for clients in life sciences, legal, technology, and other sectors. The company is headquartered in Chalfont St Peter, United Kingdom, and its shares are listed on the LSE.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage