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Highlights
- RWS’ adjusted PBT for FY25 expected around GBP 60m, showing notable H2 improvement.
- Reported revenue anticipated at GBP 690m, a 4% decline from FY24.
- New organisational structure launched to support strategic execution and growth plans.
RWS Holdings plc (LSE:RWS), a content solutions provider powered by technology and human expertise, released its trading update for the financial year ended 30 September 2025 (FY25).
The group expects to deliver an adjusted profit before tax (PBT) of approximately GBP 60m, reflecting a significant improvement in performance from the first half (GBP 18m) to the second half, following the implementation of its efficiency plan announced in June.
On an organic constant currency (OCC) basis, full-year revenue was broadly flat compared to the prior year. The Language Services division recorded growth, supported by performance from TrainAI, the Group’s AI services business. Language & Content Technology and IP Services remained stable on an OCC basis, while Regulated Industries declined due to lower activity in the linguistic validation segment.
Reported revenue for FY25 is expected to be GBP 690m, down approximately 4% from FY24’s GBP 718.2m.
Financial Position and Refinancing
As of 30 September 2025, the Group reported net debt of around GBP 26m, compared with GBP 27m as of 31 March 2025.
In early October, RWS successfully refinanced its revolving credit facility, increasing it from USD 220m to USD 285m and extending the maturity to September 2029. The refinancing was completed on market-leading terms.
Strategic Progress and Organisational Changes
The group confirmed that the execution of its new strategy, introduced in June 2025, remains on track. A key milestone was the launch of a new organisational structure on 1 October 2025, which simplifies sales processes, integrates product and technology teams, and aligns operations into three business segments: Generate, Transform, and Protect. Additionally, the company announced that Stephen Lamb will join as Chief Financial Officer in Q1 2026.
CEO Commentary
Ben Faes, Chief Executive Officer of RWS, stated:
"We expect to deliver adjusted PBT for FY25 within our guidance range, driven by our sharp focus on efficiency which 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 operating model 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 our delivery 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)."
Share Performance
RWS shares were trading at GBX 85.66, down by 8.97% from its previous close of GBX 94.10.
