Skillcast Group PLC

First-pass take

Skillcast demonstrates strong SaaS operating leverage (EBITDA +202% on +16% revenue) with 87% recurring revenue growing 21% YoY, 101% net retention, and declining churn; early-stage AI integration (Aida) is strategically important but not yet revenue-material. Net cash of £12.7m and disciplined capital allocation offset micro-cap execution risk and unavailable valuation data.