Earnings release
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For immediate release 28 October 2025 RWS Holdings plc Year End Trading Statement and Notice of Results Full year adjusted PBT within guidance range¹; significant H2 on H1 improvement RWS Holdings plc ("RWS" or "the Group"), a content solutions company, powered by technology and humanexpertise, today provides an update on trading for the year ended 30 September 2025 ("FY25") ahead of theannouncement of its full year results on 11 December 2025. FY25 Performance The Group expects to deliver adjusted PBT² of c.£60m reflecting a significant improvement from H1 (£18.0m) toH2, as the Group executed the efficiency plan that we announced in June. Full year revenue on an organic constant currency ("OCC")³ basis was broadly in line with prior year. TheLanguage Services division grew on an OCC³ basis, driven by strong progress in TrainAI, our AI servicesbusiness. Revenues in Language & Content Technology and IP Services were flat compared with last year on anOCC³ basis. However, revenues in Regulated Industries fell on an OCC³ basis, driven primarily by reduced activityin our linguistic validation business. Reported revenues are expected to be £690m, down by approximately 4%from the previous year (FY24: £718.2m). The Group had net debt ⁴ of c.£26m at the end of September 2025 (31 March 2025: £27m net debt).In early October, the Group successfully refinanced its revolving credit facility. This enabled us to increase thefacility from $220m to $285m, and extend the maturity date to September 2029, on market-leading terms andenabling us to refresh and strengthen our banking syndicate. The Group continues to be well capitalised,supporting our plans for future growth. The implementation of the new strategy we introduced in June 2025 is on track. A major step was the launch of ournew organisational structure on 1 October. This structure streamlines how we sell, integrates our product andtechnology teams and organises our business into three segments: Generate, Transform and Protect. We intendto provide medium-term financial guidance and new performance targets when we release our FY25 results. On 15 October we announced the appointment of Stephen Lamb, as Chief Financial Officer. It is expected thatStephen will join RWS in the first quarter of 2026. Ben Faes, Chief Executive Officer of RWS: "We expect to deliver adjusted PBT for FY25 within our guidance range, driven by our sharp focus on efficiencywhich has led to improved performance in the second half. "The pace of change in our industry, fuelled by the global content explosion and rapid technology evolution,demands that RWS adapts quickly to succeed. We are acting decisively. Following the launch of our new operatingmodel in October: · Our sales teams have a clearer focus and our technology teams are working with greater collaboration · We finalised the integration of the Papercup technology acquired in June to bring AI dubbing within ourdelivery capabilities · We further strengthened our leadership with the appointments of Jérôme Grateau (EVP of Go-to-Market) and Michael Wayne (Head of Media and Entertainment); and · We successfully delivered an efficiency plan that supported better profit performance in the second half andestablishes the foundation for a leaner, more efficient future. I look forward to giving investors a fuller update when we publish our FY25 results in December." Notice of Full Year Results RWS will provide a further update with its full year results on 11 December 2025. To register your interest inattending the results presentation, please email RWS@mhpgroup.com. For further information, please contact: RWS Holdings plc
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Ben Faes, Chief Executive Officer 01628 410100 Candida Davies, Chief Financial Officer MHP (Financial PR advisor) Katie Hunt / Eleni Menikou rws@mhpgroup.com 020 3128 8100 07884 494112 Deutsche Numis (Nomad & Joint Broker) Stuart Skinner / William Wickham 020 7260 1000 Berenberg (Joint Broker) Ben Wright / Toby Flaux / Mike Burke / Milo Bonser 020 3207 7800 About RWS: RWS is a content solutions company, powered by technology and human expertise. We grow the value of ideas,data and content by making sure organizations are understood. Everywhere. Our proprietary technology, 45+ AI patents and human experts help organizations bring ideas to market faster,build deeper relationships across borders and cultures, and enter new markets with confidence - growing theirbusiness and connecting them to a world of opportunities. It's why over 80 of the world's top 100 brands trust RWS to drive innovation, inform decisions and shape brandexperiences. With 60+ global locations, across five continents, our teams work with businesses across almost all industries.Innovating since 1958, RWS is headquartered in the UK and publicly listed on AIM, the London StockExchange regulated market (RWS.L). For further information, please visit: www.rws.com. 1 Company guidance at H1 results indicated full year adjusted PBT of £60-70m for FY25. 2 RWS uses adjusted results as key performance indicators as the directors believe these provide a more consistent measure ofoperating performance. 3 Adjusted to reflect a like-for-like comparison between reporting periods and assumes constant currency across both reporting periods. 4 Net debt comprises cash and cash equivalents less loans but before deducting lease liabilities. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial ConductAuthority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of thisinformation may apply. For further information, please contact rns@lseg.com or visit www.rns.com. RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the informationcontained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. Forfurther information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy. END