Registered number: 08763737
FOR THE YEAR ENDED 30 SEPTEMBER 2025
THE MOTLEY FOOL GLOBAL LIMITED
COMPANY INFORMATION
THE MOTLEY FOOL GLOBAL LIMITED
CONTENTS
THE MOTLEY FOOL GLOBAL LIMITED
GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2025
The Directors present the audited consolidated financial statements of The Motley Fool Global Limited and its subsidiaries ("the Group") for the year ended 30 September 2025.
The Company's principal activity is to act as a holding company for subsidiary companies in the UK, Canada, and Australia which are internet-based communities specialising in investing information and guidance.
The Company's principal activity is to act as a holding company for subsidiary companies in the UK, Canada, and Australia which are internet-based communities specialising in investing information and guidance.
The Group is a provider of financial education and independent advice intended to help consumers make better financial decisions. Investment and personal finance solutions and services are delivered through subscriptions and other products sold directly to consumers. In relation to similar efforts of its ultimate parent undertaking conducting business in the United States, the Group’s purpose is to provide these consumer services to regions outside the United States, specifically targeting consumers in the United Kingdom, Canada, and Australia.
Group turnover for the year was £12,150,111 (2024 - £14,289,219), a decrease of £2,139,108 (15.0%). The reduction was driven principally by lower new subscriber acquisition. Heightened stock market volatility and overall investor sentiment during the year dampened consumer demand for investment newsletter subscriptions, while a changing search engine optimisation (SEO) landscape reduced the Group's organic reach and the efficiency of its digital acquisition channels. The decline was concentrated in subscription revenue, which fell to £12,020,597 (2024 - £14,180,786), with advertising revenue broadly stable at £129,514 (2024 - £108,433). By destination, the reduction arose in the Group's overseas markets, where turnover fell to £10,204,332 (2024 - £12,329,983), while UK turnover was broadly flat at £1,945,779 (2024 - £1,959,236).
Group turnover for the year was £12,150,111 (2024 - £14,289,219), a decrease of £2,139,108 (15.0%). The reduction was driven principally by lower new subscriber acquisition. Heightened stock market volatility and overall investor sentiment during the year dampened consumer demand for investment newsletter subscriptions, while a changing search engine optimisation (SEO) landscape reduced the Group's organic reach and the efficiency of its digital acquisition channels. The decline was concentrated in subscription revenue, which fell to £12,020,597 (2024 - £14,180,786), with advertising revenue broadly stable at £129,514 (2024 - £108,433). By destination, the reduction arose in the Group's overseas markets, where turnover fell to £10,204,332 (2024 - £12,329,983), while UK turnover was broadly flat at £1,945,779 (2024 - £1,959,236).
The Group is exposed to risks and uncertainties relating to economic, legal and regulatory risks that are inherent in the environment in which the company will operate. The risks and uncertainties described below are not the only ones the Group may face. Additional risks and uncertainties not presently known to the Group or that the Group's management currently deems minor or insignificant may also impair its business operations.
Economic
Economic
∙Competition from established competitors;
∙Inflationary pressure on prices and salaries; and
∙General stock market performance.
Legal
∙Challenges resulting from activity on our discussion boards and newsletters.
Regulatory
∙Further enhancements to the existing regulatory framework and reporting guidelines.
Operational
∙Loss of key staff within the editorial, marketing and support functions would impact the business whilst replacements are identified and employed; and
∙Technical failures related to the website or newsletter delivery would impact renewals.
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THE MOTLEY FOOL GLOBAL LIMITED
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
The Group's other key performance indicators are:
∙Cash received from subscription products (bookings);
∙The number of subscribers to the investment newsletter services;
∙The related renewal rates of subscribers to those services;
∙The number of online sessions from visitors;
∙The number of email addresses indicating an interest in our offerings; and
∙The conversion rate of those email addresses into subscribers
This report was approved by the board and signed on its behalf.
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THE MOTLEY FOOL GLOBAL LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2025
The directors present their report and the financial statements for the year ended 30 September 2025.
The directors are responsible for preparing the Group Strategic Report, the Directors' Report and the consolidated financial statements in accordance with applicable law and regulations.
In preparing these financial statements, the directors are required to:
∙select suitable accounting policies for the Group's financial statements and then apply them consistently;
∙make judgements and accounting estimates that are reasonable and prudent;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and the Group and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and the Group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The profit for the year, after taxation, amounted to £36,019 (2024 - £897,925).
The directors do not recommend the payment of a dividend, and the profit for the year has been transferred to the reserves.
The directors who served during the year were:
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THE MOTLEY FOOL GLOBAL LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
The auditor, MHA, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.
This report was approved by the board and signed on its behalf.
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THE MOTLEY FOOL GLOBAL LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE MOTLEY FOOL GLOBAL LIMITED
We have audited the financial statements of The Motley Fool Global Limited (the 'Parent Company') and its subsidiaries (the 'Group') for the year ended 30 September 2025, which comprise the Consolidated Statement of Comprehensive Income, the Consolidated Analysis of Net Debt, the Consolidated Statement of Financial Position, the Company Statement of Financial Position, the Consolidated Statement of Cash Flows, the Consolidated Statement of Changes in Equity, the Company Statement of Changes in Equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the Parent Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
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THE MOTLEY FOOL GLOBAL LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE MOTLEY FOOL GLOBAL LIMITED (CONTINUED)
The other information comprises the information included in the Annual Report other than the financial statements and our Auditor's Report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Group Strategic Report and the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
∙the Group Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.
In the light of the knowledge and understanding of the Group and the Parent Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Directors' Report.
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THE MOTLEY FOOL GLOBAL LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE MOTLEY FOOL GLOBAL LIMITED (CONTINUED)
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Group financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
∙enquiry of management, those charged with governance around actual and potential litigation and claims;
∙performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias;
∙reviewing minutes of meetings of those charged with governance;
∙reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations; and
∙maintaining professional scepticism throughout the course of our audit work.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditor's Report.
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THE MOTLEY FOOL GLOBAL LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE MOTLEY FOOL GLOBAL LIMITED (CONTINUED)
This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditor's Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.
for and on behalf of
Statutory Auditor
Maidenhead
Date: 14 October 2026
MHA is the trading name of MHA Audit Services LLP, a limited liability partnership in England and Wales (registered number OC455542).
MHA is the trading name of MHA Audit Services LLP, a limited liability partnership in England and Wales (registered number OC455542).
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THE MOTLEY FOOL GLOBAL LIMITED
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 SEPTEMBER 2025
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THE MOTLEY FOOL GLOBAL LIMITED
REGISTERED NUMBER: 08763737
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2025
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THE MOTLEY FOOL GLOBAL LIMITED
REGISTERED NUMBER: 08763737
CONSOLIDATED STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 2025
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 18 to 37 form part of these financial statements.
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THE MOTLEY FOOL GLOBAL LIMITED
REGISTERED NUMBER: 08763737
COMPANY STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2025
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 18 to 37 form part of these financial statements.
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THE MOTLEY FOOL GLOBAL LIMITED
REGISTERED NUMBER: 08763737
COMPANY STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 2025
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THE MOTLEY FOOL GLOBAL LIMITED
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2025
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THE MOTLEY FOOL GLOBAL LIMITED
COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2025
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THE MOTLEY FOOL GLOBAL LIMITED
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
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THE MOTLEY FOOL GLOBAL LIMITED
CONSOLIDATED ANALYSIS OF NET DEBT
FOR THE YEAR ENDED 30 SEPTEMBER 2025
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THE MOTLEY FOOL GLOBAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
The Company (registration number 08763737) is a private company limited by shares, and is incorporated in England and Wales with its principal place of business and registered office at 5 New Street Square, London, EC4A 3TW.
The Company's principal activity is to act as a holding company for subsidiary companies in the UK, Canada and Australia which are internet-based communities specialising in investing information and guidance.
The Company's principal activity is to act as a holding company for subsidiary companies in the UK, Canada and Australia which are internet-based communities specialising in investing information and guidance.
2.Accounting policies
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires Group management to exercise judgement in applying the Group's accounting policies (see note 3).
The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of Comprehensive Income in these financial statements.
The following principal accounting policies have been applied:
The consolidated financial statements present the results of the Company and its subsidiaries ("the Group") as if they form a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full.
The consolidated financial statements incorporate the results of business combinations using the purchase method. In the Statement of Financial Position, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the Consolidated Statement of Comprehensive Income from the date on which control is obtained. They are deconsolidated from the date control ceases.
The consolidated financial statements incorporate the results of business combinations using the purchase method. In the Statement of Financial Position, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the Consolidated Statement of Comprehensive Income from the date on which control is obtained. They are deconsolidated from the date control ceases.
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THE MOTLEY FOOL GLOBAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
2.Accounting policies (continued)
Functional and presentation currency
Transactions and balances
Advertising revenues are originally recognised based on the expected delivery of online and email advertising activity; any shortfall against expected delivery is quantified and deferred until it is served.
Turnover is stated net of VAT.
Other income includes gains on unquoted equity investments and dividends received from current asset investments.
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THE MOTLEY FOOL GLOBAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
2.Accounting policies (continued)
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THE MOTLEY FOOL GLOBAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
2.Accounting policies (continued)
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
Cryptocurrency assets
Cryptocurrency assets are recognised as intangible assets where they are held for investment purposes and do not meet the definition of cash, cash equivalents or financial instruments. Cryptocurrency assets are initially recognised at cost and subsequently measured at fair value at
each reporting date, with changes in fair value recognised in profit or loss.
As cryptocurrency assets are considered to have an indefinite useful economic life, they are not amortised. The assets are reviewed at each reporting date for indicators of impairment or changes in
circumstances that may affect their valuation.
Cryptocurrency assets are recognised as intangible assets where they are held for investment purposes and do not meet the definition of cash, cash equivalents or financial instruments. Cryptocurrency assets are initially recognised at cost and subsequently measured at fair value at
each reporting date, with changes in fair value recognised in profit or loss.
As cryptocurrency assets are considered to have an indefinite useful economic life, they are not amortised. The assets are reviewed at each reporting date for indicators of impairment or changes in
circumstances that may affect their valuation.
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THE MOTLEY FOOL GLOBAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
2.Accounting policies (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
Debt securities measured at amortised cost using the effective interest method - comprising fixed income securities where the business model is to hold to collect contractual cash flows and the cash flows are solely payments of principal and interest. Impairment losses are recognised in profit or loss when there is objective evidence of impairment.
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THE MOTLEY FOOL GLOBAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
2.Accounting policies (continued)
The Group has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Group's Statement of Financial Position when the Group becomes party to the contractual provisions of the instrument.
Impairment of financial assets
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THE MOTLEY FOOL GLOBAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
2.Accounting policies (continued)
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THE MOTLEY FOOL GLOBAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
Significant judgements in applying accounting policies
The Group has not made any significant judgements in applying its accounting policies.
Significant accounting estimates and assumptions
The Group makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. Areas with significant estimates and assumptions are addressed below:
Taxation
Determining income tax provisions involves judgements on the tax treatment of certain transactions. Deferred tax is recognised on tax losses not yet used on temporary differences where it is probable that there will be taxable income against which these can be offset. See Note 2.09 for details of deferred tax recognized.
Share-based payments
The Motley Fool Holdings, Inc. (the ultimate parent undertaking) uses an external valuation group to assist in valuing its ordinary shares, with the fair value of the ordinary shares determined based on a multiple market approach that uses estimates and assumptions of competitive groups, appropriate multiples, and marketing and liquidity discounts. There is inherent uncertainty in making these judgements and estimates. See Note 22 for details of share-based payments.
Investment in subsidiary undertakings (Company only)
The Company assesses at each reporting date whether there are indicators that its investment in subsidiary undertakings may be impaired. Where such indicators exist, management estimates the recoverable amount of the investment based on the higher of value in use and fair value less costs to sell. This assessment requires judgement regarding future profitability, forecasted cash flows, growth assumptions, discount rates and the expected value of any disposal proceeds.
During the year, management performed an impairment review of the investment in The Motley Fool Limited, the Company's UK trading subsidiary, following a reduction in trading performance and consideration of the subsequent disposal of the entity after the reporting date. As a result of this assessment, an impairment charge of £400,000 was recognised against the Company's investment in subsidiary undertakings.
The impairment is recognised only in the Company financial statements. As the investment is eliminated on consolidation, the impairment charge has no impact on the consolidated financial statements of the Group.
The determination of the recoverable amount involved significant management judgement and estimation, particularly in respect of future cash flows and the valuation of expected contingent consideration arising from the post year-end disposal of the subsidiary. Changes in these assumptions could result in a materially different impairment assessment.
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THE MOTLEY FOOL GLOBAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
Analysis of turnover by country of destination:
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THE MOTLEY FOOL GLOBAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
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THE MOTLEY FOOL GLOBAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
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THE MOTLEY FOOL GLOBAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
10.Taxation (continued)
A deferred tax asset of £2,849,160 (2024 - £2,654,198) has not been recognised in subsidiary entities on the basis that it will be recoverable only to the extent that the relevant company has future taxable profits.
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THE MOTLEY FOOL GLOBAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
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THE MOTLEY FOOL GLOBAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
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THE MOTLEY FOOL GLOBAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
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THE MOTLEY FOOL GLOBAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
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THE MOTLEY FOOL GLOBAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
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Share premium account
Foreign exchange reserve
Other reserves
Profit and loss account
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THE MOTLEY FOOL GLOBAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
Stock Options, Restricted Stock Awards, and Restricted Stock Units
Employees are generally granted share options (options), restricted stock awards (RSAs), or restricted stock units (RSUs) on joining the Company and may receive subsequent grants during their employment as part of the Company’s incentive program. The options, RSAs, and RSUs are granted in the ultimate parent undertaking, The Motley Fool Holdings, Inc., under that Company’s Amended and Restated 2008 Equity Incentive Plan (the Plan). The Plan provides for the granting of options, RSAs, and RSUs to employees and consultants of The Motley Fool Holdings, Inc. and its subsidiary undertakings. Options granted generally vest over a 4-year period and have a 10-year term. RSAs and RSUs are subject to a service-based vesting period or performance-based vesting milestones determined at the date of grant. Unvested options, RSAs, and RSUs are forfeited if the employee leaves the Company.
In the event of a sale of all or substantially all of the ultimate parent company’s assets, or a merger with or into another organisation, the Board of Directors of The Motley Fool Holdings, Inc. has the authority to provide automatic acceleration of vesting.
The options are exercisable at the exercise price determined at the time of grant. RSAs and RSUs are granted at market value and become the property of the employee proportionally over the vesting period for service-based awards or at the defined milestones for performance-based awards.
As discussed in Note 3 the Company records compensation expense in the profit and loss account, based on the equity-settled grant-date fair value basis in accordance with the provisions of FRS102. The Company recognises compensation expense on a fair value basis and reflecting the instalment basis of options granted under the Plan.
The total expense recognised for share-based equity-settled payments in respect of employee services received during the period to September 30, 2025 was £169,299 (2024 - £330,891) of which £0 relates to options and £169,299 relates to RSAs and RSUs (2024 - £0 and £330,891 respectively).
As of September 30, 2025, there was no unrecognized compensation cost related to stock options and £211,153 of total unrecognized compensation cost related to RSAs and RSUs expected to be recognized over approximately 2 years.
Stock Options Fair Value and Grants
There were no stock options granted during the periods ended September 30, 2025 or September 30, 2024.
There were no outstanding stock options at September 30, 2025 or September 30, 2024.
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THE MOTLEY FOOL GLOBAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
Restricted Stock Awards and Restricted Stock Units Fair Value and Grants
The Motley Fool Holdings, Inc. uses an external valuation group to assist in valuing its ordinary shares, with the fair value of the ordinary shares determined based on a multiple market approach that uses estimates and assumptions of competitive groups, appropriate multiples, and marketing and liquidity discounts. There is inherent uncertainty in making these judgements and estimates.
RSAs and RSUs are valued on the grant date based on the most current external valuation at the date of the grant. Share valuations were as follows:
October 2020 - April 2021 US $70.67 / £54.16 per share
April 2021 - January 2022 US $146.87 / £105.68 per share
January 2022 - July 2022 US $133.32 / £119.50 per share
July 2022 - January 2023 US $62.31 / £55.85 per share
January 2023 - July 2023 US $62.31 / £50.60 per share
July 2023 - February 2024 US $56.91 / £46.64 per share
February 2024 - August 2024 US $65.00 / £51.06 per share
August 2024 - April 2025 US $73.50 / £58.13 per share
April 2025 - September 2025 US $85.16 / £65.06 per share
September 2025 - to reporting date US $84.37 / £64.45 per share
RSAs and RSUs equivalent to 3,564 shares were granted in the period ended September 30, 2025 (2024 - 2,927) with the total fair value for the granted shares of £231,111 (2024 - £194,485).
The Group operates defined contributions pension schemes, which all employees are entitled to join. The Group directly contributes to the pension schemes, and contributions are charged in the profit and loss account as they become payable. The pension cost charge represents contributions payable by the Group to the funds and amounted to £209,755 (2024 - £214,666). At the year end, contributions amounting to £20,485 were payable to the schemes (2024 - £30,995).
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THE MOTLEY FOOL GLOBAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
No consideration was payable on completion. The total consideration comprises contingent earn-out payments, calculated as a percentage of the net sales of The Motley Fool Limited over a three-year period following completion (and, if required, further annual periods), subject to an aggregate cap and minimum of approximately £1.2 million.
The disposal is a non-adjusting event after the end of the reporting period. Accordingly, no adjustment has been made to the amounts recognised in the financial statements for the year ended 30 September 2025.
The immediate parent undertaking is The Motley Fool, LLC. The ultimate parent undertaking and controlling party is The Motley Fool Holdings, Inc. incorporated in Delaware, USA.
The largest group which prepares consolidated financial statements including the Company is The Motley Fool Holdings, Inc.
The largest group which prepares consolidated financial statements including the Company is The Motley Fool Holdings, Inc.
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