Engage XR Holdings plc AIM:EXR
- Incorporated
- Ireland
- Chief executive
- David Whelan
- Employees
- 35
- Reports in
- EUR
Read straight from the annual reports
0.2c at close on 5 Oct 2026 · 8 reported years, 2018–2025
| Line | FY201812/18 | FY201912/19 | FY202012/20 | FY202112/21 | FY202212/22 | FY202312/23 | FY202412/24 | FY202512/25 | FY2026unreported |
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| Diluted EPS | — | — |
EUR millions, negatives in brackets. Per-share lines in cents, share counts in millions. later is what a following report restated the figure to; vs is a second reading that disagrees. The figure shown is the one the original filing printed, and both readings are kept. Click any figure: opens the report page it was read from, highlighted; shows how it was calculated. The share price above is drawn to the same columns: each close sits over the financial year it fell in.
8 years, at a glance
Dashed: Operating margin, in % on its own scale — read its shape, not its height against the bars.
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Education licence revenue (management's recurring core base)
Education licence revenue €1,309,691 (2024: €1,256,165), held firm. Chairman calls this recurring subscription revenue from the core ENGAGE education customer base. Recognised on licence delivery.
page 63Enterprise licence revenue
Enterprise licence revenue fell to €321,863 from €1,202,819 (down about 73%). Management attributes this to enterprise clients renewing at materially lower levels or not renewing, and to reduced Middle East activity.
page 63Gross margin uplift from mix shift toward software licensing
Gross margin 93% (2024: 86%) on a cost of sales of €129,992 (2024: €476,728). Chairman attributes this to a higher-quality revenue mix.
page 4Headcount and staff cost reduction
Staff costs €3,480,347 (2024: €5,066,103). Average headcount 35 (2024: 58). Restructuring in May 2025.
page 65Chairman: the group enters H2 2026 as a 'leaner, more focused and more technologically capable business' and aims to deliver sustainable, recurring revenue growth and, 'in time', attractive shareholder returns.
page 6May 2026: significant renewal by the largest customer on enhanced commercial terms, expected to improve short-term cash once funds are received later in 2026.
page 5No dividend was paid in 2025 (2024: nil) and the directors do not propose a dividend. Stated policy: shareholder returns are to come primarily through capital appreciation.
page 13Accounts prepared on a going-concern basis for 12 months from approval (2 June 2026), but the directors disclose a material uncertainty. Loss €2,980,650; net assets €1,870,545; cash €1.62m; no borrowings. Reliance on maintaining the reduced cost base (about €0.2m per month), converting North American contracts and the May 2026 renewal, and on raising funds in the AIM market. Auditor Azets Audit Services Ireland Limited gives an unmodified opinion with a Material Uncertainty Related to Going Concern paragraph. Key audit matters: revenue recognition, going concern, carrying value of subsidiary investments. Judgement areas: share-based payment fair value and R&D tax credits. Group materiality €89,000.
page 36- Material uncertainty over going concern: the group relies on the cost base holding, on converting North American contracts and the May 2026 renewal, and on raising funds on AIM.p.12
- Revenue volatility and dependence on a few large enterprise and Middle East contracts; enterprise revenue fell 73% and project revenue fell 84%.p.4
- Geopolitical risk: the Middle East conflict delays tourism training contracts and reduces demand in that region.p.5
- Technology change: the market moves fast, and falling behind leaders or offering non-standard material reduces revenue potential.p.11
Read from C000426-AR-2025-website.
7 annual reports read, FY2019 to FY2025
Open a year to see what its report said. Every line in it carries the page it was read from.
Sources: Company website (7)
FY2026Next report expected 29 May 2027