Half Year Trading Update

Celebrus Technologies PLC

06 October 2026

 

06 October 2026

Celebrus Technologies plc

Half year trading update and revised FY27 guidance

Celebrus Technologies plc (AIM: CLBS, "the Group", the "Company", "Celebrus"), the AIM-listed data solutions provider, provides a trading update for the six months ended 30 September 2026 ("H1" or the "period") and revised guidance for the year ending 31 March 2027 ("FY27").

Total revenue for the period is expected to be approximately $9.2 million (H1 FY26: $10.4 million), including software revenues of approximately $8.9 million (H1 FY26: $7.9 million), with the reduction in total revenue reflecting lower third-party product revenues. The adjusted loss before tax2 is expected to be approximately $1.3 million (H1 FY26: loss of $1.4 million).

Celebrus annual recurring revenue (“Celebrus ARR”3) decreased 2.0% during the period to $14.7 million (31 March 2026: $15.0 million, 30 September 2025: $15.6 million). The movement comprised new logo wins of $0.2 million and upsells of $0.4 million, together an increase of 4%, offset by reductions of $0.9 million largely from the loss of a single customer.

The cash balance at the half year end was $22.3 million (31 March 2026: $32.5 million, 30 September 2025: $27.3 million), after returning $3.2 million to shareholders in the period through the share buyback programme ($2.0 million) and the final FY26 dividend ($1.2 million). The balance of the movement reflects a working capital outflow of $4.2 million, principally the seasonal timing of collections on annual invoices, and a further $2.8 million reflecting cash outflows from the retained loss for the period, including capitalised development costs and tax. The Group remains debt free.

The lost customer exercised a contractual break at the end of the first year of a three-year contract. While there are always multiple issues that arise during enterprise deployments, we lost this customer due to imperfect execution on our part and have taken several learnings from this loss to avoid making the same mistakes in future projects.

We have seen improvement from the changes that we made within Marketing, Sales, and Customer Success at the start of this year. We have also successfully filled the open positions in Sales. While our average deal cycle still sits at around eight months, the processes are tighter, qualification standards are stricter, and the teams are functioning well together as we work on building consistency and predictability. We also continue to refine our Ideal Customer Profile as well as our target stakeholders. However, while the number of pipeline opportunities continues to grow, our rate of closing new business has been slower than we had hoped. We have also added a new VP-Global Services to help us better standardize our approach to implementations across complex, enterprise organizations with many stakeholders and to build a tighter partnership with Customer Success so that our existing customer growth goals become a reality.

Following the Board's review of the period and of the second half pipeline, results for FY27 are now expected to be below current market expectations1, with total revenue expected to be between $20.0 million and $20.5 million (FY26: $23.6 million), software revenue between $19.0 million and $19.5 million (FY26: $20.3 million), and adjusted loss before tax is expected to be between $2.8 million and  $3.0 million (FY26: profit of $0.2 million). The revision principally reflects (i) slower closing of new business wins and (ii) the loss of a customer following the exercise of a contractual break, as described above.

The Group will publish its half year results for the six months to 30 September 2026 on 8 December 2026, and these will be presented live later that day via the Investor Meet Company platform.

Bill Bruno, Chief Executive Officer, said:

"Our first half results reflect a continued lack of consistency, which will come from continued improvement in three areas: our ability to target and generate leads in line with our Ideal Customer Profile, our improvement in closing deals once they have been identified, and our ability to deliver high-value services upon closing those deals. I believe we have the right team to deliver on this for stakeholders, and our focus is on executing to prove that to the market in the second half. "

1 For the purpose of this announcement, the Group believes market consensus for FY27 prior to this announcement to be revenue of $23.7 million, and adjusted loss before tax of $0.9 million.

2 Adjusted profit/(loss) before tax is calculated before amortization of intangibles, restructuring costs, acquisition costs, foreign exchange gains/losses and share based payment charges.

3 ARR (Annual Recurring Revenue) is defined as the amount of revenue contracted at a point in time, and derived from software licenses and managed services, that is expected to recur within the next twelve months. "Celebrus ARR" comprises ARR from Celebrus software licenses and associated managed services.

Inside Information: This announcement contains inside information for the purposes of article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018.  Upon the publication of this announcement via Regulatory Information Service, this inside information is now considered to be in the public domain.

Enquiries Celebrus Technologies plc Bill Bruno, Chief Executive Officer Ash Mehta, Chief Financial Officer	[phone] [e-mail]
Cavendish (Nominated Adviser & Joint Broker) Julian Blunt / Edward Whiley / Elysia Bough, Corporate Finance Harriet Ward, Corporate Broking	[phone]

About Celebrus Technologies plc

Celebrus sets the gold standard globally for improving marketing effectiveness and preventing fraud across all industries. We are laser-focused on improving the relationships between brands and consumers via better data. This means innovating better ways to manage digital identity and know your consumers, even when they are not logged in. Celebrus provides frictionless data capture across all digital channels and devices, ensures compliance by design, and ultimately makes digital data instantly usable wherever required. We thrive on solving complex digital data challenges to help businesses succeed.

Celebrus Technologies Plc is a global business operating in over 30 countries today. We are quoted on the AIM Market of The London Stock Exchange (CLBS).

For more information, please see www.celebrus.com.

 

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