RM returns to profit as digital assessment platform drives FY25 results
The EdTech company posts its first statutory profit since 2021 while investment continues in its RM Ava digital assessment platform.
RM has reported its financial results for the year ended 30 November 2025, returning to statutory profitability as growth in its digital assessment platform helped offset a decline in overall revenue.
The UK-based EdTech company recorded revenue of £162.1 million for FY25, down from £166.1 million the previous year. Despite the drop in revenue, RM reported profit before tax of £3.2 million, compared with a loss of £12.1 million in FY24, marking its first statutory profit since FY21.
Profitability improves as margins rise
Adjusted operating profit from continuing operations increased to £11.5 million, up from £8.6 million the previous year.
Adjusted EBITDA rose to £16.5 million, while adjusted profit before tax reached £5.5 million, more than double the £2.4 million recorded in FY24. Adjusted operating margin also improved to 7.1 percent, compared with 5.2 percent the previous year.
Mark Cook, Chief Executive Officer at RM, says: “This year has seen us build real momentum in executing our strategy as we continue to grow our core Assessment platform revenue and drive a meaningful increase in our profitability year on year.”
Assessment division drives growth
RM’s Assessment division delivered the strongest performance across the group.
Assessment revenue increased 19.9 percent year over year, while digital platform revenue rose 17.3 percent. The company says demand for digital assessment tools continues to increase across global education markets.
Cook says the company’s performance reflects both operational changes and demand for digital learning infrastructure: “This is underpinned by our relentless focus on providing a brilliant experience for learners globally and the positive impact from the cost saving initiatives we put in place.”
Other areas of the business, including Technology and TTS, experienced weaker trading conditions during the first half of the year as UK school spending remained under pressure.
Focus remains on RM Ava and business restructuring
RM says its strategy continues to center on expanding RM Ava, its digital assessment platform, while progressing plans to separate parts of the business operationally and legally.
Cook says the company will continue investing in higher-margin assessment products while preparing parts of the business for potential changes: “Looking ahead, we remain focused on driving growth, by continuing to invest in RM Ava and our core, higher margin, Assessment business.”
“Simultaneously, we are actively working on delivering the operational and legal separation necessary to facilitate future disposals of non-core assets and further improve efficiencies.”
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