Mind Gym PLC on Thursday noted continued macroeconomic uncertainty and unpredictability, as it reported a narrowed annual loss.
The London-based personal and business coaching service said pretax loss narrowed to £6.2 million in the financial year ended March 31, from £12.1 million a year prior.
It swung to adjusted earnings before interest, tax, depreciation and amortisation of £1.9 million, from a loss of £300,000 in financial 2024.
Revenue fell 14% to £38.6 million from £44.9 million.
Noting macroeconomic uncertainty and unpredictability, Mind Gym said it is taking a more cautious view on expected revenue growth, now anticipating to deliver modest underlying revenue growth in financial 2026.
Looking ahead, Chief Executive Officer Christoffer Ellehuus said: ‘We have made good progress in year one of our three-year transformation strategy to transition from episodic training provider to become the preferred behaviour change partner of our customers. Despite a challenging year and market headwinds, we delivered a return to adjusted Ebitda profitability, whilst laying strong foundations, remaining laser-focused on execution, and making significant strides towards our longer-term goal of returning to growth.’
Executive Chair Octavius Black said: ‘We are excited about the road ahead. With our strong foundations, differentiated capabilities, and a growing demand for accountability in talent investments, MindGym’s proposition is well placed for the future of people development. I want to extend my sincere thanks to our clients for their partnership, our exceptional team for their commitment, and our shareholders for their continued support for MindGym PLC.’
Further, he said: ‘We believe there is a significant and growing opportunity for organisations to rethink how they deliver talent development. Just as functions like Marketing have evolved by becoming more data-driven, so too will Human Resources and, in particular, the talent market in which MindGym operates.’
Mind Gym shares fell 5.9% to 16.00 pence each on Thursday morning in London.
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