GetBusy (GETB) H1 2025 earnings summary

Executive summary

• Pursuing a two-stage SaaS strategy focused on near-term cash returns and long-term value creation in large, resilient markets, with strong progress in H1 2025.

• Focused on content management and workflow software for professionals, leveraging transformative AI capabilities and market tailwinds.

• Strategic clarity and compelling execution in the US tax tech stack and ERP workflow markets, with SmartVault and Workiro advancing through integrations and migration tooling.

Financial highlights

• Annualised recurring revenue (ARR) at £21.1m, up 5% at constant currency, with 12% CAGR since IPO.

• H1 2025 revenue of £11.0m, up 4% at constant currency compared to H1 2024.

• Adjusted EBITDA of £423k, up 5% year-over-year; gross margin at 87.5% (H1 2024: 89.3%).

• Net bank debt at £40k, with available cash funds of £2.96m and £3m revolving credit facility committed until December 2028.

• Basic and diluted loss per share of (1.22)p (H1 2024: 0.23p/0.21p profit).

Outlook and guidance

• Group ARR growth expected at 7%-10% for 2025, with SmartVault ARR growth anticipated to accelerate to 14%-18%.

• Workiro ARR flat in 2025, with a return to growth expected in 2026 as migrations and new business offset Virtual Cabinet churn.

• Company expected to become increasingly cash generative through 2026.