Tribal delivers a grade-A performance

Education software provider Tribal Group has gone to the top of the class after delivering results for 2024 that were “well ahead” of expectations.

The Bristol-based group’s adjusted earnings, revenues, and net debt were all better than forecast as it looks to transform the company “into a leading cloud provider to the education market”.

Mark Pickett, chief executive of Tribal Group, said: “We have delivered EBITDA and revenue ahead of expectations, alongside a material reduction in our debt, all amidst a challenging market environment.

“The group thrives on a strong customer base grounded in long-term relationships. With a growing proportion of that base having now committed to a cloud transition and structural improvements proving successful, we are confident that Tribal is well positioned for the future.”

Tribal told shareholders that a strong performance by the software-led Student Information Systems has offset a softening in markets for its education consultancy business, Etio.