Earnings release
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21 January 2026 GetBusy plc 2025 Trading Update - Unaudited Results H2 ARR acceleration SmartVault reaches inflection point with 65% increase in H2 new business GetBusy plc ("GetBusy" or the "Group") (AIM: GETB), a leading provider of productivity software for professional and financial services, ispleased to provide an update on trading for the year ended 31 December 2025. Accelerating ARR growth Strong operational execution combined with favourable product demand led to accelerating annualised recurring revenue ("ARR") growth in 2025, particularly in the second half of the year. SmartVault performed especially strongly, delivering ARR growth of 16%, with new business in the second-half up 65% on the same period in 2024, reflecting a clear inflection point in the business. Group ARR at 31 December 2025 grew by 8% at constant currency to £22.6m. Group revenue is expected to be at least £22m (up 5% at constantcurrency) and adjusted EBITDA is expected to be £0.3m, in line with market expectations. SmartVault momentum and expanding addressable market SmartVault's accelerating ARR growth was driven by strong new customer acquisition, encouraging early traction from SmartRequestAI, and a healthy uptake of the Intuit ProConnect integration in Q4. Average selling price was up 36% year on year, principally as a result of a greater proportion of new customers on the premium Accounting Unlimited plan. SmartRequestAI and the ProConnect integration alone increased SmartVault's addressable market at least threefold during the year. The strongnew business performance was complemented by improved customer retention and pricing optimisation. These trends give the board confidence that SmartVault can sustain or further accelerate this enhanced level of ARR growth into 2026. During 2025, SmartVault's value proposition improved materially, evolving into a platform product that supports the full tax preparation workflow - from client engagement and onboarding through to secure document management and archiving. As the business continues to scale, the board expects SmartVault to generate rapidly increasing EBITDA margins in 2026, benefiting from the inherent operating leverage in its SaaS business model. Workiro progress and growth outlook Workiro continues to see encouraging traction in the enterprise market and has reinvigorated its focus on the professional services sector, where, through Virtual Cabinet, it benefits from strong brand recognition and an established reputation. The successful migration of customers from Virtual Cabinet to Workiro during 2025 has created a stable and scalable customer base, allowing the business to prioritise growth in 2026. The significant opportunity presented by increasing demand for AI-enabled content management solutions within the Group's existing markets provides a clear and compelling pathway for Workiro's next phase of growth. Financial position and outlook Net cash at 31 December 2025 was £0.9m (2024: £1.1m), with available cash funds of £3.9m (2024: £3.1m). The board believes the Group is well capitalised to execute its growth strategy. The board is increasingly confident that the Group is well positioned to deliver material cash returns to shareholders in the medium term, alongside significant long-term value creation from its expanding AI capabilities and growing presence in the enterprise content management market. Notice of results All quoted financial metrics are unaudited. Final audited numbers will be confirmed in the Group's annual report for the year ended 31 December 2025, expected to be published on or around Tuesday 24 March 2026. GetBusy plc investors@getbusy.com Cavendish Capital Markets Limited (Nominated Adviser and Broker) Matt Goode / Callum Davidson (Corporate Finance) Harriet Ward (Corporate Broking) +44 (0)20 7220 0500 THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION (EU) NO596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("MAR"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN. THE PERSON RESPONSIBLE FOR MAKING THIS ANNOUNCEMENT ON BEHALF OF THE COMPANY IS PAUL HAWORTH.
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About GetBusy GetBusy provides specialist document workflow software to professional and financial services markets, securing and enabling workflowautomation around 1 billion unique, high-value documents. Our strategy is to generate material near-term cash returns through SmartVault, our fast-growing US tax platform, while building long-term value in Workiro, our content and collaboration solution for cloud ERP systems. Our AI- enabled products are used by over 60,000 paying users globally and are deeply embedded in customers' daily workflows. Further information on the Group is available at www.getbusyplc.com