RWS (RWS) Q4 2025 TU earnings summary

Executive summary

• Adjusted profit before tax (PBT) for FY25 expected to be around £60m, within guidance, with significant improvement in H2 over H1 due to efficiency measures.

• Full year revenue on an organic constant currency basis was broadly flat year-over-year; reported revenue expected at £690m, down 4% from FY24.

• New organisational structure launched in October, streamlining operations into three segments: Generate, Transform, and Protect.

• Integration of Papercup technology completed, enhancing AI dubbing capabilities.

• Leadership strengthened with new executive appointments, including a new CFO joining in early 2026.

Financial highlights

• Adjusted PBT for FY25 expected at approximately £60m, up from £18.0m in H1 to a stronger H2.

• Reported revenues projected at £690m, a 4% decrease from £718.2m in FY24.

• Net debt at end of September 2025 was about £26m, slightly improved from £27m at 31 March 2025.

Outlook and guidance

• Medium-term financial guidance and new performance targets to be provided with FY25 results in December.

• The business remains well capitalised, supporting future growth plans.