REG - Celebrus Tech - Half-year Results
03/12/2024 07:00
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RNS Number : 5081O Celebrus Technologies PLC 03 December 2024
03 December 2024
Celebrus Technologies plc
Half-year results for the six months to 30 September 2024
Celebrus Technologies plc (AIM: CLBS, "the Group", "Celebrus"), the AIM-listed
data solutions provider, announces its half year results for the six months to
30 September 2024 ("H1 FY25" or the "Period").
On 9 July 2024 the Group announced that from the beginning of the current
financial year it would be changing the currency in which it presents its
financial results from UK pounds sterling ("Sterling") to US dollars
("Dollars"). Accordingly, the reported results for the six months ended 30
September 2024 and comparatives are shown in Dollars.
Financial highlights
· Annual recurring revenue ("ARR") increased to $26.2m (H1 FY24:
$21.3m, FY24: $25.5m)*
· Total Revenue of $17.2m (H1 FY24: $16.2m, FY24: $40.9m)
· Software Revenue (excluding third-party hardware) up 22.6% to
$11.2m (H1 FY24: $9.1m, FY24: $27.7m)
· Gross profit margin of 48.0% (H1 FY24: 37.0%, FY24: 52.9%) due to a
lower proportion of low margin third-party hardware compared to the prior
period
· Adjusted profit before tax** of $1.0m (H1 FY24: $0.1m, FY24: $7.6
m), and statutory profit before tax of $0.3m (H1 FY24: $0.2m, FY24: $7.0m)
· Adjusted diluted EPS of 2.55 cents (H1 FY24: 0.40 cents, FY24:
13.76 cents) and diluted basic EPS of 0.61 cents (H1 FY24: 0.47 cents, FY24:
12.27 cents)
· Cash position of $25.9m (H1 FY24: $17.9m: FY24: $38.8m) with no
debt
· Interim dividend of 0.95p per share, up 3.3% (H1 FY24: 0.92p)
Operational highlights
· Key wins both during and after the Period include a healthy mix of
new logos and upsells of existing customers, which included a large global
airline, a UK energy company, a US financial institution, an existing European
retail customer, a bank in Poland, and an expansion within a healthcare
customer in the US.
· We continue to innovate the Celebrus platform, which now includes
significant enhancements to PII protection, the launch of a self-service
analytics platform, and cross-device continuance as a patent extension to our
existing digital identity capabilities.
· We continue to innovate our marketing approach and have launched
several new campaigns for both awareness and lead generation. We are moving
towards more focused Account Based Marketing campaigns for the next financial
year.
· We continue to invest in ensuring our security certifications and
processes are consistently enhanced year on year.
· Celebrus Cloud, our single-tenant private cloud offering, continues
to be prominent in our key wins and pipeline.
· We have migrated away from multiple datacenters to a single site as part
of our transformation to being a cloud business. The new infrastructure
includes several enhancements to how we onboard and support our customers.
Outlook
After some slowing down of customer decision making in the past couple of
months reflecting the uncertain global geopolitical situation, we are seeing
more positive movement in recent weeks. Year to date progress on growing the
pipeline and the high visibility of opportunities expected to close in the
second half underpin the Board's confidence in achieving full year
expectations*** and continuing to drive the ongoing growth in ARR.
Bill Bruno, CEO of Celebrus, commented:
"We are grateful for the team's efforts in the first half of this fiscal year
to set our organization up for success both this year and in future years. We
have been on quite a journey as a business over the past few years, and it has
been energizing to see the fruits of that labor starting to be realized across
the business and with our customers. We continue to focus on how best to
deliver value for our customers, while ensuring that our Sales, Delivery, and
Customer Success teams are in lockstep across our key accounts. We have also
continued to explore potential acquisition targets to enhance the Celebrus
platform while continuing to invest in our organic growth initiatives."
* ARR (Annual Recurring Revenue) is the amount of revenue at a point in time
that is expected to recur within the next twelve months.
** Adjusted profit before tax and EPS are calculated before amortisation of
intangibles, one-off restructuring costs, foreign exchange gains/(losses) and
share based payment charges.
(***)For the purpose of this announcement, the Group believes market consensus
for FY25 to be revenue of £34.8m ($44.2 m), and adjusted profit before tax of
£6.4m ($8.1 m).
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 +44 (0) 1932 893333
Bill Bruno, Chief Executive Officer investors@celebrus.com (mailto:investors@celebrus.com)
Ash Mehta, Chief Financial Officer
Cavendish (Nominated Adviser & Joint Broker) +44 (0) 20 7220 0500
Julian Blunt / Edward Whiley / Elysia Bough, Corporate Finance
Tim Redfern, Corporate Broking
Canaccord Genuity (Joint Broker) +44 (0) 20 7523 8000
Simon Bridges / Andrew Potts
About Celebrus Technologies plc
As a disruptive data technology platform, Celebrus is focused on improving the
relationships between brands and consumers via better data. Celebrus redefines
what digital identity verification means to power both next-level marketing
and fraud prevention use cases. Deployed across 30+ countries throughout the
financial services, healthcare, retail, travel, and telecommunications
sectors, Celebrus automatically captures, contextualizes, and activates
consumer behavioral data in live-time across all digital channels. Through the
addition of behavioral biometrics and AI, Celebrus empowers brands to detect
and prevent fraud before it occurs. To ensure that brands can begin to improve
those relationships quickly, Celebrus Cloud activates the Celebrus platform
efficiently for brands in a single-tenant, private cloud capacity.
The Group has offices in the UK, USA, and India with key talent in all markets
to drive the growth of the business. Celebrus is fully compliant with all
major data privacy regulations and the Group is accredited to ISO27001:
Information Security Management. For more information, please see
www.celebrus.com (http://www.celebrus.com) .
Operational review
Our Values
As a business, we focus on four key values in how we operate both internally
and externally. These values form the basis by which we evaluate each tactic
in our business planning for each financial year.
· Integrity
We are honest and straightforward, and we do our best to communicate clearly
and effectively. We don't use vendor terminology to confuse customers, and we
trust each other to deliver on our goals. When we make promises, or set goals,
internally or externally, we deliver upon them and hold ourselves accountable.
We respect each other and work together to achieve the common goals of the
business.
· Customer-First Mentality
We put the customer first and go the extra mile for them. We live our mission
to improve the relationships between brands and consumers via better data and
we do that with our people, our technology, and our services. We aim to
simplify their lives and deliver value.
· Innovation
We do not rest, because complacency in the software space signals failure. But
it's not just about our technology. It's about innovating everything we do,
always questioning our processes and how we work, and looking for ways to
improve in every facet of our business.
· Simplicity
We use simple and effective communication. Arranging purpose-driven meetings,
providing explanations to customers that are easy to comprehend, placing
messaging in the marketplace that anyone can understand, and focusing on being
efficient in our actions.
Strategy
The mission for our business is to improve the relationships between brands
and consumers via better data. Better data, from our perspective, is
compliant, complete, timely, and usable in real-time. We have continued to
innovate and build solutions for some of the most difficult challenges that
organizations face today in digital. This has included enhancements to our
digital identity capabilities, the further rollout of more analytics options
for brands, and furthered PII protection to name a few.
We explain the Celebrus platform by likening it to a smartphone. The platform
supports many capabilities and use cases, but what we sell to customers are
applications that sit on top of the platform. Use cases range from marketing
to customer experience (CX) to fraud, and this allows us to continue to focus
on the "land and expand" approach to sales. What this creates is two funnels
for the business: a sales funnel and an upsell funnel, which are managed by
Sales and Customer Success respectively. We have continued to sell across many
verticals and have established key wins over the past couple of years in
financial services, travel and hospitality, retail, healthcare (US), and
telecommunications. These wins have come from both our direct sales staff as
well as partner-influenced opportunities.
We are continuing to evaluate potential acquisition targets as mentioned in
our interim results this time last year. This discovery process is framed by a
profile agreed at the Board level. While nothing is imminent at this time, our
clear goal is to find proven technology that can be bolted on to the Celebrus
platform providing us with an immediate ability to cross-sell to our customer
base by way of a value-driven integration working similarly to our engagement
with technology partners over the years. We will continue to innovate our
platform regardless of the results of this search, but we believe it is
prudent to continue reviewing options.
In the market, we have several "tailwinds" such as the rapidly declining
digital identity capabilities of our competitors, browser changes and
regulations, increased privacy awareness around the globe, and general
frustration with tagging-based solutions and analytics platforms based on poor
data structures. Our largest "headwind" tends to be organizations that have a
fear of change and choose to remain with the status quo despite the
acknowledgment that their data is not fit for purpose.
Contract wins
ARR increased to $26.2m (H1 FY24: $21.3m; FY24: $25.5m).
Key wins both during and after the Period include a healthy mix of new logos
and upsells of existing customers, which included a large global airline, a UK
energy company, a financial institution in the US, an existing European retail
customer, a bank in Poland, and an expansion within a healthcare customer in
the US.
We have evolved our usage of Hubspot further for both CRM and marketing
automation, and we have combined that with our recent expansion of Celebrus
Analytics' capabilities to ensure we are consistently measuring our pipeline,
the impact of our marketing and sales investments, and the success of our
outreach in our business development team. This continues to give us strong
data to evaluate our pipeline and to continue to innovate our approach and
improve our ability to close deals effectively and find new opportunities.
Partnerships
Our approach to partnerships continues to evolve over time. During the Period,
we have furthered our engagement with several solution integrator partners and
have developed new offerings with a few of our longer-standing consulting
partners. This is critical to ensuring our ability to scale and leverage the
business consulting expertise in these partner organizations to help guide our
customers in their ability to gain more value from Celebrus.
We have also continued to extend and grow our technology partnerships, which
are largely now focused on the sharing of joint customers and a value story
from those customers to drive our messaging and joint-value proposition in the
market. Some examples of this include our newer partnerships with Braze,
Optimizely, and others, as well as our long-standing technology partners
including Pegasystems and Teradata.
People
We are very fortunate to have our global team continually driving our business
forward and working to ensure that we are always customer-first in our
thinking and actions. We have seen great results from much of the
restructuring completed in the prior financial year which has streamlined
decisions, innovation, and created the opportunity for more accountability
across the business.
We have rolled out an internal training platform to ensure our people have
access to training for topics and skills required to add more value to our
customers, and we will continue to focus on professional and personal
development in the coming years. This has also included the launch of an
apprenticeship program.
We have worked as a Management Team to put even more effort into our culture
and bring people together from our various teams in meaningful ways,
especially as we have continued to support hybrid working. This also includes
finding ways to celebrate key wins within the business and with our customers
to recognize the great efforts being put in by our people.
Current Trading & Outlook
After some slowing down of customer decisions in the past couple of months,
which we believe was largely attributed to the uncertain global geopolitical
situation, we are seeing more positive progress in our pipeline in recent
weeks. Year to date progress on growing the pipeline and the high visibility
of opportunities expected to close in the second half underpin the Board's
confidence in achieving full year expectations and our target of continuing to
drive the ongoing growth in ARR.
Financial review
Revenue and Gross Margin
Total revenue for the Period was $17.2m (H1 FY24: $16.2 m) with a gross profit
of $8.3m (H1 FY24: $6.0 m). License revenue increased to $3.8m (H1 FY24: $3.1
m), with total Software revenue (Revenue excluding third party hardware) up
22.6% to $11.2m (H1 FY24: $9.1 m) reflecting the impact of new logo wins and
customer upsell in the Period. The gross margin on Software revenue was 66.3%
(H1 FY24: 56.2%).
Annual Recurring Revenue
Annual recurring revenue increased during the Period to $26.2m (H1 FY24: $21.3
m, FY24: $25.5 m). The Board is confident of further growth in ARR in the
second half as a result of the signing of new contracts either already signed
in the second half or currently under negotiation.
Administration expenses and Profit before Tax
Administration expenses increased to $8.7m (H1 FY24: $6.2 m). Excluding items
such as net foreign exchange differences and share-based payments, Operating
expenses were $7.9m (H1 FY24: $6.2 m). The increased expense reflects further
ongoing investment into customer-facing roles in the first half of FY25, as
well as increased marketing activity.
Profit before tax was $0.3m (H1 FY24: $0.1m), and the Adjusted Profit before
tax was $1.0m (H1 FY24: $0.1 m). The adjustments include a share-based payment
charge of $0.6m (H1 FY24: $0.4 m).
Interest income
The Group continues to have a strong focus on maximizing interest income from
cash holdings and in the Period earned interest income of $0.7m (H1 FY24: $0.4
m).
Balance Sheet
Property, plant and equipment of $2.0m reflects the IFRS16 lifetime value of
property leases entered into in the UK and India during FY24 for new office
space, along with the cost of leasehold improvements to those offices.
Trade debtors and other receivables (current) were $6.4m (H1 FY24: $21.2 m;
FY24: $11.0 m) with good billing and collection in the Period, and no bad
debts. The decrease in trade debtors reflects in part the timing of sales of
third party hardware during the Period.
Cash balance and cash flows
Net cash from operating activities was an outflow of $11.0m (H1 FY24: $2.0 m)
due to the high level of creditors for customer-related hardware purchases at
the start of the Period. Net cash used in financing activities was $1.4m (H1
FY24: $1.3 m) with the majority comprised of the final dividend payment for
the prior year. The total decrease in cash and cash equivalents was $12.2m
resulting in a closing cash balance of $25.9m (H1 FY24: $17.9 m; FY24: $38.8
m), the bulk of which is now held as Dollars. The Group remains debt-free.
Dividend
The Board continually monitors the balance between delivering on a progressive
dividend policy whilst at the same time balancing investment in the business
for future growth, both organic and by acquisition.
During the Period, the Group paid a final dividend of 2.23p per share. For
this current half year, the Board is pleased to declare an interim dividend of
0.95p per share, a 3.2% increase over the comparative period last year. The
interim dividend will be paid on 17 January 2025 to shareholders on the
Register as at 13 December 2024. The shares will become ex-dividend on 12
December 2024.
Consolidated income statement
for the period ended 30 September 2024 (unaudited)
Six months ended Year ended 31 March
30 September
2024 2023 2024
Note $'000 $'000 $'000
Continuing operations
Revenue 3 17,219 16,164 40,886
Cost of sales (8,959) (10,180) (19,266)
Gross Profit 8,260 5,984 21,620
Administration expenses 4 (8,668) (6,196) (15,396)
(Loss) / profit from operations (408) (212) 6,224
Finance income 692 394 763
Finance costs (34) (10) (22)
Profit before tax 5 250 172 6,965
Tax - 19 (1,947)
Attributable to equity holders of the parent 250 191 5,018
Earnings per share from continuing operations attributable to the equity
holders of the parent
Basic 6 0.63 cents 0.48 cents 12.61 cents
Diluted 6 0.61 cents 0.47 cents 12.27 cents
Consolidated statement of comprehensive income
for the period ended 30 September 2024 (unaudited)
Six months ended Year ended 31 March
30 September
2024 2023 2024
$'000 $'000 $'000
Attributable to equity holders of the parent 250 191 5,018
Other comprehensive income:
Items that will not be reclassified to profit or loss
Exchange differences on translation of foreign operations 356 (67) 724
Total comprehensive income for the period attributable to equity holders 606 124 5,742
of the parent
Consolidated statement of changes in equity attributable to Equity Holders of
the Parent
for the period ended 30 September 2024 (unaudited)
Share Share Merger Revaluation Own Retained Total
capital
premium
reserve
reserve
shares
earnings $'000
Balance at 1 April 2023 1,059 4,406 8,207 1,378 (1,833) 20,319 33,536
Dividends paid - - - - - (1,089) (1,089)
Purchase of own shares - - - - (180) - (180)
Settlement of share-based payments - - - - 382 (384) (2)
Share-based payment charge - - - - - 430 430
Transactions with equity holders - - - - 202 (1,043) (841)
Profit for the period - - - - - 191 191
Other comprehensive income - - - - - (66) (66)
Total comprehensive income - - - - - 125 125
Balance at 30 Sept 2023 1,059 4,406 8,207 1,378 (1,631) 19,401 32,820
Dividends paid - - - - - (464) (464)
Purchase of own shares - - - - (1,037) - (1,037)
Settlement of share - - - - 84 (173) (89)
based payments
Share-based payment charge - - - - - 459 459
Transactions with equity holders - - - (953) (178) (1,131)
-
Profit for the period - - - - - 4,827 4,827
Other comprehensive income - - - - - 724 724
Total comprehensive income - - - - - 5,551 5,551
Balance at 1 April 2024 1,059 4,406 8,207 1,378 (2,584) 24,774 37,240
Dividends paid - - - - - (1,124) (1,124)
Purchase of own shares - - - - (155) - (155)
Settlement of share-based payments - - - - 5 (5) -
Share-based payment charge - - - - - 500 500
Transactions with equity holders - - - - (150) (629) (779)
Profit for the period - - - - - 250 250
Other comprehensive income - - - - - 355 355
Total comprehensive income - - - - - 605 605
Balance at 30 Sept 2024 1,059 4,406 8,207 1,378 (2,734) 24,750 37,066
Consolidated statement of financial position
as at 30 September 2024 (unaudited)
30 September 30 September 31 March
2024 2023 2024
$'000 $'000 $'000
Non-current assets
Goodwill 12,653 11,528 11,929
Other intangible assets 1,497 1,110 1,234
Property, plant and equipment 2,011 638 2,097
Trade and other receivables 299 1,040 294
Deferred tax assets 322 278 304
16,782 14,594 15,858
Current assets
Inventories 338 - 4,661
Trade and other receivables 7 6,428 21,174 10,951
Tax receivables 161 107 115
Cash and cash equivalents 25,855 17,881 38,790
32,782 39,162 54,517
Assets in disposal groups classified as held for sale 4,018 3,661 3,788
Total assets 53,582 57,417 74,163
Current liabilities
Trade and other payables 8 (2,614) (8,000) (10,772)
Tax liabilities - - (1,875)
Deferred income (11,903) (11,367) (22,271)
Lease obligations (315) (124) (253)
(14,832) (19,491) (35,171)
Non-current liabilities
Lease obligations (986) (98) (1,105)
Deferred income (118) (4,507) (100)
Deferred tax liabilities (580) (501) (547)
(1,684) (5,106) (1,752)
Total liabilities (16,516) (24,597) (36,923)
Net assets 37,066 32,820 37,240
Equity
Share capital 1,059 1,059 1,059
Share premium account 4,406 4,406 4,406
Merger reserve 8,207 8,207 8,207
Revaluation reserve 1,378 1,378 1,378
Own shares (2,734) (1,631) (2,584)
Retained earnings 24,750 19,401 24,774
Attributable to equity holders of the parent 37,066 32,820 37,240
Consolidated cash flow statement
for the period ended 30 September 2024 (unaudited)
Six months ended Year ended
30 September
31 March
2024 2023 2024
$'000 $'000 $'000
Operating activity
Profit before tax 250 172 6,955
Adjustments for:
Depreciation of property, plant and equipment 287 157 368
Amortisation of intangible assets 127 96 207
Finance income (692) (394) (763)
Finance expense 35 10 22
Share-based payments 645 431 962
Gain on sale of property, plant and equipment (6) - (21)
Operating cash flows before movements in working capital 646 472 7,730
Decrease / (increase) in inventories 4,323 - (4,662)
Decrease / (increase) in receivables 4,479 (11,720) (751)
(Decrease) / increase in payables (18,476) 9,339 18,610
Cash generated (used in) / from operations (9,028) (1,909) 20,927
Income tax paid (1,919) (78) (166)
Net cash (used in) / generated from operating activities (10,947) (1,987) 20,761
Investing activities
Interest received 692 394 763
Purchase of property, plant and equipment (213) (37) (517)
Purchase of intangible fixed assets (82) (11) (48)
Capitalisation of development costs (309) (199) (396)
Net cash generated from / (used in) investing activities 88 147 (198)
Financing activities
Dividends paid (1,124) (1,089) (1,553)
Lease repayments (57) (52) (126)
Interest paid (35) (10) (22)
Purchase of own shares (155) (181) (1,283)
Exercise of share options - (1) (25)
Net cash used in financing activities (1,371) (1,333) (3,009)
(12,230) (3,173) 17,554
Net (decrease) / increase in cash and cash equivalents
Cash and cash equivalents at start of period 38,790 21,218 21,218
Effect of foreign exchange on cash and cash equivalents (715) (168) (23)
Effect of translation 10 4 41
Cash and cash equivalents at end of period 25,855 17,881 38,790
Notes to the financial statements
1. Basis of preparation
These consolidated interim financial statements have been prepared in
accordance with International Financial Reporting Standards ("IFRS") as
adopted by the UK and on a historical basis, using the accounting policies
which are consistent with those set out in the Group's annual report and
accounts for the year ended 31 March 2024. The interim financial information
for the six months to 30 September 2024, which complies with IAS 34 'Interim
Financial Reporting', has been approved by the Board of Directors on 03
December 2024.
The unaudited interim financial information for the period ended 30 September
2024 does not constitute statutory accounts within the meaning of Section 435
of the Companies Act 2006. The comparative figures for the year ended 31 March
2024 are extracted from the statutory financial statements which have been
filed with the Registrar of Companies and contain an unqualified audit report
and did not contain statements under Section 498 to 502 of the Companies Act
2006.
2. Change in currency
On 9 July 2024 the Group announced that from the beginning of the current
financial year it would be changing the currency in which it presents its
financial results from UK pounds sterling ("Sterling") to US dollars
("Dollars"). Accordingly, the reported results for the six months ended 30
September 2024 and comparatives are shown in Dollars. A change in presentation
currency represents a change in accounting policy which is accounted for
retrospectively. At the same time, the UK company changed its functional
currency from Sterling to Dollars.
3. Business and geographical segments
The Group operates as a single business with no separation into divisions or
allocation or people or assets to a particular division or product group. The
management team is responsible for all products with no individual having
responsibility for a particular product or product group. This is consistent
with the internal reporting for management purposes. Management does however
monitor revenues by revenue type due to the differing margins of each revenue
type.
The revenue analysis set out below is consistent with that provided to the
Board of Directors.
Business Segments Six months ended Year ended 31 March
30 September
2024 2023 2024
$'000 $'000 $'000
Licenses 3,771 3,138 15,151
Celebrus Cloud Hosting, support and maintenance 4,783 4,823 9,478
Services 2,631 1,165 3,060
Software revenues 11,185 9,126 27,689
Third party products 6,034 7,038 13,197
Revenue 17,219 16,164 40,886
3. Business and geographical segments (continued)
Six months ended Year ended 31 March
Geographical information 30 September
2024 2023 2024
$'000 $'000 $'000
United States of America 13,586 11,022 31,879
United Kingdom 2,501 4,420 7,549
Rest of Europe 394 594 1,070
Others 738 128 388
17,219 16,164 40,886
The geographical revenue segment is determined by the domicile of the
customer.
4. Administration expenses
Six months ended Year ended 31 March
30 September
2024 2023 2024
$'000 $'000 $'000
Operating expenses 7,880 6,222 14,785
Amortisation of intangible assets 127 96 206
Share-based payments 645 431 962
Net foreign exchange differences (73) (582) (679)
Restructuring costs 89 29 122
Administration expenses 8,668 6,196 15,396
5. Adjusted profit before tax
Six months ended Year ended 31 March
30 September
2024 2023 2024
$'000 $'000 $'000
Profit before tax 250 172 6,965
Amortisation of intangible assets 127 96 206
Share-based payments 645 431 962
Net foreign exchange differences (73) (582) (679)
Restructuring costs 89 29 122
Adjusted profit before tax 1,038 146 7,576
6. Earnings per share
Six months ended Year ended 31 March
30 September
2024 2023 2024
$'000 $'000 $'000
Profit attributable to owners of the parent 250 191 5,018
Amortisation of intangible assets 127 96 206
Share-based payments 645 431 962
Net foreign exchange differences (73) (582) (679)
Restructuring costs 89 29 122
Adjusted profit attributable to owners of the parent 1,038 165 5,629
30 September 2024 30 September 2023 31 March
2024
Number Number Number
Basic weighted average number of shares, excluding own shares, in issue 39,550,296 39,822,702 39,781,184
Dilutive effect of share options 1,117,888 1,145,987 1,117,888
Diluted weighted average number of shares, excluding own shares, in issue 40,668,184 40,968,689 40,899,072
30 September 30 September 2023 Year ended 31 March 2024
2024
Cents per share Cents per share Cents per share
Basic earnings per share 0.63 0.48 12.61
Diluted earnings per share 0.61 0.47 12.27
Adjusted Basic earnings per share 2.63 0.41 14.15
Adjusted Diluted earnings per share 2.55 0.40 13.76
7. Trade and other receivables
Six months ended Year ended 31 March
30 September
2024 2023 2024
$'000 $'000 $'000
Non-current assets
Prepayments 299 91 294
Accrued income - 949 -
299 1040 294
Current assets
Trade receivables 1,022 16,947 7,557
Prepayments 1,747 1,371 2,043
Accrued income 3,659 2,856 1,351
6,428 21,174 10,951
8. Trade and other payables
Six months ended Year ended 31 March
30 September
2024 2023 2024
$'000 $'000 $'000
Trade payables 459 6,498 2,587
Other taxes and social security 243 249 236
Other creditors 99 261 439
Accruals 1,813 992 7,510
2,614 8,000 10,772
9. Dividends (in GBP)
Six months ended Year ended 31 March
30 September
2024 2023 2024
£'000 £'000 £'000
Amounts recognised as distributions to equity holders
Final dividend for the year ended 31 March 2024 of 2.23p (FY23: 2.15p) 879 - -
Final dividend for the year ended 31 March 2023 of 2.15p (FY22: 2.07p) - 856 856
Interim dividend for the year ended 31 March 2024 of 0.92p (FY23: 0.88p) - - 365
879 856 1,221
An interim dividend of 0.95p per share will be paid on 17 January 2025 to
Members on the Register as at 13 December 2024. The shares will become
ex-dividend on 12 December 2024.
10. Investor presentation
The investor presentation will be available on the company's investor website
https://investors.celebrus.com/ (https://investors.celebrus.com/) later today.
Bill Bruno (CEO) and Ash Mehta (CFO) will host a live presentation of the
results via the Investor Meet Company platform later today at 2.00pm GMT.
Investors can sign up to Investor Meet Company for free and add to meet
Celebrus via:
https://www.investormeetcompany.com/celebrus-technologies-plc/register-investor
(https://www.investormeetcompany.com/celebrus-technologies-plc/register-investor)
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