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REG - Celebrus Tech - Half-year Results

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RNS Number : 7819J  Celebrus Technologies PLC  02 December 2025

02 December 2025

 

Celebrus Technologies plc

 

Half-year results for the six months to 30 September 2025

 

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 2025 ("H1 FY26" or the "Period").

 

From 1 April 2025, the Group introduced a number of changes to its
commercial contractual arrangements with customers which impact accounting for
contracts including the definition of cost of sales, the segmentation of
revenue type and the move to straight line revenue recognition of future
license revenues. Financial and operating metrics in respect of the prior
periods are restated to reflect those changes.

 

Financial highlights

 ·         Celebrus Annual recurring revenue ("Celebrus ARR"(1)) increased to $15.6
           million (H1 FY25: $12.9 million, FY25: $13.6 million)
 ·         Total Revenue of $10.4 million (H1 FY25: $17.2 million, FY25: $38.7 million)
 ·         Celebrus Software revenue of $4.1 million (H1 FY25: $5.7 million, FY25: $13.3
           million)
 ·         Gross profit margin of 84.9% (H1 FY25: 66.9%, FY25: 78.9%) due to a lower
           proportion of low margin third-party hardware compared to the prior period.
           Software revenues GP% was 93.1% (H1 FY25: 95.4%, FY25: 95.6%)
 ·         Adjusted loss before tax(2) of $1.4 million (H1 FY25: profit of $1.0 million,
           FY25: profit of $8.7 million), and statutory loss before tax of $2.3 million
           (H1 FY25: $0.3 million, FY25: $7.3 million)
 ·         Adjusted diluted EPS loss of 3.51 cents (H1 FY25: earnings of 2.55 cents,
           FY25: earnings of 18.24 cents) and diluted basic EPS loss of 5.68 cents (H1
           FY25: earnings of 0.61 cents, FY25: earnings of 15.78 cents)
 ·         Cash position of $27.3 million (H1 FY25: $25.9 million: FY25: $31.5 million)
           with no debt
 ·         Interim dividend of 0.98p per share, up 3.2% (H1 FY25: 0.95p)

 

 

Operational highlights

 ·         Key wins during the period included both new logos and upsells of existing
           customers. New logos included a fintech platform and a financial services
           firm. Upsells included a bank in the US, while the aforementioned new logos
           are both already exploring expansions illustrating our ability to land and
           expand in accounts.
 ·         We continue to innovate the Celebrus platform, which now includes improvements
           in mobile environments, enhancements to our analytics, the ability to build
           audience lists and activate them in paid media, and updated identity and
           profile capabilities.
 ·         From a Marketing perspective, we are focused on content creation to continue
           to build more awareness. Marketing in today's privacy landscape is a
           challenge, but we continue to innovate our approach to lead generation with
           industry events still our single largest source of leads.
 ·         Artificial Intelligence is something we have embraced as a business, both
           externally in terms of product features and capabilities and internally to
           improve our own efficiencies and support.
 ·         We added a SOC2 Certification to our list of ongoing certifications for the
           Celebrus platform.

 

Outlook

Our focus for the rest of FY26 on growing and closing the late-stage pipeline
is total and the Board remains comfortable that the Group continues to trade
in line with its expectations.

The Group is mindful however of the current market uncertainty with slower
decisioning and tighter budgets remaining a feature inevitable slowing down
deal closure. The Board continues to monitor this closely, but we believe we
are well placed to navigate these challenges.

 

Bill Bruno, CEO of Celebrus, commented:

"We continue to see improvements across the board as we refine our in-market
approach. Our pipeline continues to grow, and people are excited by our
platform when they see it, although deals are moving more slowly than we had
expected as the market continues to prove challenging and customer budgets are
delayed. Our customers are more engaged across the globe, thanks to our
Customer Success team, and this is building a value-driven upsell pipeline
from which we will also benefit. Our team is working diligently to continue to
deliver for each other and our shareholders, with a clear focus for the rest
of FY26 on growing and closing the late-stage pipeline."

 

1 'Celebrus ARR' is defined as the amount of revenue contracted at a point in
time, derived from Celebrus software, that is expected to recur within the
next twelve months. It excludes non-Celebrus managed services and third-party
software license revenue.

2 Adjusted profit/loss before tax is calculated before amortization of
intangibles, foreign exchange gains/losses, share based payment charges and
one-off reorganization costs.

 

(***)For the purpose of this announcement, the Group believes market consensus
for FY26 to be revenue of $22.7m, and adjusted loss before tax of $0.6m.

 

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 & Sole Broker)      +44 (0) 20 7220 0500

 Julian Blunt / Edward Whiley / Elysia Bough,

 Corporate Finance

 Tim Redfern, Harriet Ward, Corporate Broking

 

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 (http://www.celebrus.com/)
.

 

Operational review

 

Strategy

The mission for our business is to improve the relationships between brands
and consumers via better data. Better data, from our perspective, means data
that is compliant, complete, timely, and usable in real-time. We have
continued to innovate and build solutions for some of the most difficult
digital challenges that organizations face today. Much of this has revolved
around three pain points that continue to grow: the lack of digital data in a
usable format, the inability to identify customers in a manner compliant with
local data laws, and the struggle with bringing digital data into other
systems. All three of these are easily demonstrable in Celebrus when we meet
with organizations grappling with these challenges.

The pipeline in the business is quite diverse in terms of geography and
vertical, but we do continue to excel naturally in Financial Services as that
has been the foundation for us for many years. In our eyes, the challenges
outlined above apply to all B2C verticals with a significant digital presence.
We have worked diligently to refine our ability to show the value of the
platform and help customers understand how Celebrus would change their
day-to-day operations. However, our largest "headwind" continues to be
organizations that have a fear of change and choose to remain with the status
quo despite the acknowledgment that Celebrus would fix their problems.

Continuous improvement is one of our core values, and we continue to use data
to evaluate every process and approach across the business. From a Sales
perspective, we evaluate every deal (win or loss) and identify what we could
be doing better or different next time around. Customer Success has a full
remit now across the globe and we've improved that model to allow for more
freedom and innovation. Marketing also continues to evolve based on data; we
are not wasting any time or money when we see that something isn't working as
intended. Our content vehicle has driven a lot of interest and eyes to our
brand, and we continue to produce weekly content and social engagement.

Artificial Intelligence is also something we have embraced as a business, both
externally in terms of product features and capabilities and internally to
improve our own efficiencies and support. This is something we monitor closely
and have policies and monitoring in place to ensure we are protecting the
business and our IP every step of the way.

Contract wins

ARR increased to $15.6 million, and key wins included a Fintech platform in
the US and a Financial Services company in Europe. The Fintech platform chose
our platform to drive all of their analytics and measurement. The Financial
Services company elected to replace Adobe with our platform. Both
organizations are also already in active upsell discussions with our Customer
Success teams. We also had several renewals and upsells during the period,
including a significant upsell to one of our banking customers in the US.

Partnerships

Our partner engagement model is one that is being actively rebuilt. The good
news is that we have a strong list of partners with whom we continue to have
great engagement. The focus now is on building a mutually beneficial pipeline
with key partners and ensuring that both organizations are seeing value in the
time we invest.

We have also established a new Reseller model, in addition to our Referral
model, following expressions of interest from a couple of our partners.

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. This team has really banded together to help us deliver
on our mission, and we continue to invest in training programs to grow our
management skills and ensure we are giving all of our teams the best
opportunities to succeed and grow.

 

Financial review

 

Basis of presentation

From 1 April 2025, the Group introduced a number of changes to its
commercial contractual arrangements with customers which impact accounting for
contracts including the definition of cost of sales, the segmentation of
revenue type and the move to straight line revenue recognition of future
license revenues. Financial and operating metrics in respect of the prior
periods are restated to reflect those changes.

Revenue and Gross Margin

Total Revenues for the period were $10.4 million (H1 FY25: $17.2 million,
FY25: $38.7 million) whilst total Software revenues were $7.9 million (H1
FY25: $11.2 million, FY25: $22.6 million), with hardware revenues of $2.5
million (H1 FY25: $6.0 million, FY25: $16.1 million).

Celebrus Software revenue decreased to $4.1 million (H1 FY25: $5.7 million,
FY25: $13.3 million). The lower revenues reflect the changes in the Group's
contracts with customers, as detailed in the final results announcement in
July 2025. Under those changes, the software license revenues from all
Celebrus contracts entered into from 1 April 2025 are recognized on a monthly
basis instead of being recognized annually up front in each year of a
contract.

The gross profit for the period was $8.8 million (H1 FY25: $11.5 million,
FY25: $30.5 million) with a gross margin of 84.9% (H1 FY25: 66.9%, FY25:
78.9%). The gross profit on Software revenues was $7.3 million (H1 FY25: $10.7
million, FY25: $21.6 million) resulting in a Software revenues gross profit
percentage of 93.1% (H1 FY25: 95.4%, FY25; 95.6%). The gross profit has been
restated from prior periods to reflect the changes announced in July 2025 to
no longer reallocate a certain proportion of employee costs from operating
expenditure to cost of sales. Cost of sales now includes only software costs
related to customer delivery and occasional costs for hardware which cannot be
sold to customers on an agency basis.

 

Annual Recurring Revenue  ("ARR")

Under the new definition of ARR, total ARR increased during the period to
$20.8 million (H1    FY25: $17.8 million, FY25: $18.8 million). Within that
total, Celebrus ARR increased to $15.6 million (H1 FY25: $12.9 million, FY25:
$13.6 million), an increase of 14.7% in the period. The Board is confident of
further growth in ARR in the second half as a result of the signing of new
contracts currently under negotiation.

 

Administration expenses and Profit before Tax

Administration expenses decreased to $11.5 million (H1 FY25: $11.9 million,
FY25: $24.2 million). Excluding items such as net foreign exchange differences
and share-based payments, operating expenses were $10.6 million (H1 FY25:
$11.1 million, FY25: $22.9 million), reflecting the tight control of costs,
and the elimination of certain roles due to increased automation in the
business.

Loss before tax was $2.3 million (H1 FY25: profit of $0.3 million, FY25:
profit of $7.3 million), and the adjusted loss before tax was $1.4 million (H1
FY25: profit of $1.0 million, FY25: profit of $8.7 million). The adjustments
include a share-based payment charge of $0.4 million (H1 FY25: $0.5 million,
FY25: $0.6 million), and a restructuring charge of $0.5 million, (H1 FY25:
$0.1 million, FY25: $0.3 million).

 

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 $0.5 million (H1
FY25: $0.7 million, FY25: $1.1 million).

 

Earnings per share

The adjusted diluted loss per share for the period was 3.51 cents (H1 FY25:
earnings of 2.55 cents; FY25: earnings of 18.24 cents). The dilutive share
options included in the calculation amount to 1.27 million shares. The company
currently holds 1.09 million shares which would substantially offset any
future dilution to shareholders.

 

Balance Sheet

Trade debtors and other receivables (current) were $4.0 million (H1 FY25: $6.4
million; FY25: $9.2 million) with good billing and collection in the period,
and no bad debts.

Deferred income decreased during the period to $4.9 million (H1 FY25: $11.9
million; FY25: $7.1 million). The prior period comparison was higher due to
certain hardware sales having already been billed for delivery in the second
half of FY25.

 

Cash balance and cash flows

Net cash from operating activities was an outflow of $1.7 million (H1 FY25:
outflow of $10.9 million, FY25: outflow of $9.1 million) with the loss before
tax of $2.3 million being partially offset by interest income and positive
working capital movements.

Net cash used in financing activities was $2.5 million (H1 FY25: $1.4 million,
FY25: $2.3 million) with the majority comprised of the $1.2 million final
dividend payment for the prior year, and $1.0 million used in the share
buyback scheme.

The total decrease in cash and cash equivalents in the period was $4.3 million
resulting in a closing cash balance of $27.3 million (H1 FY25: $25.9 million;
FY25: $31.5 million), the bulk of which is held as US 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 2.32p per share. For
this current half year, the Board is pleased to declare an interim dividend of
0.98p per share, a 3.2% increase over the comparative period last year. The
interim dividend will be paid on 14 January 2026 to shareholders on the
Register as at 12 December 2025. The shares will become ex-dividend on 11
December 2025.

 

Consolidated income statement
for the period ended 30 September 2025 (unaudited)

 

 

                                                             Six months ended                      Year ended 31 March

30 September
                                                             2025          Restated                Restated

                                                                           2024                    2025
                                               Note          $'000         $'000                   $'000
 Continuing operations
                 Revenue                       2             10,350        17,219                  38,675
                 Cost of sales                               (1,567)       (5,698)                 (8,148)
 Gross Profit                                                8,783         11,521                  30,527
                 Administration expenses       3             (11,486)      (11,929)                (24,230)
 (Loss) / profit from operations                             (2,703)       (408)                   6,297
                 Finance income                              477           692                     1,115
                 Finance costs                               (31)          (34)                    (71)
 (Loss) / profit before tax                    4             (2,257)       250                     7,341
                 Tax                                         (3)           -                       (948)
 Attributable to equity holders of the parent                (2,260)       250                     6,393

 Earnings per share from continuing operations attributable to the equity
 holders of the parent
                 Basic                         6             (5.68) cents  0.63 cents              16.20 cents
                 Diluted                       6             (5.68) cents  0.61 cents              15.78 cents

 

 

 

Consolidated statement of comprehensive income
for the period ended 30 September 2025 (unaudited)

                                                                                                                      Six months ended        Year ended 31 March

30 September
                                                                                                                      2025       2024         2025
                                                                                                                      $'000      $'000        $'000
 Attributable to equity holders of the parent                                                                         (2,260)    250          6,393
 Other comprehensive income:
 Items that will not be reclassified to profit or loss
                                          Exchange differences on translation of foreign operations                   (25)       356          264
                                          Losses on financial instruments                                             (114)      -            -
 Total comprehensive income for the period   attributable to equity holders                                           (2,399)    606          6,657
 of the parent

 

 

Consolidated statement of changes in equity attributable to Equity Holders of
the Parent
for the period ended 30 September 2025 (unaudited)

                                     Share                                                                                                                                                 Share     Merger    Revaluation  Own      Retained   Total

capital
premium
reserve
reserve
shares
earnings  $'000
 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
 Dividends paid                      -                                                                                                                                                     -         -         -            -        (490)      (490)
 Purchase of own shares              -                                                                                                                                                     -         -         -            (250)    -          (250)
 Settlement of share                                                                                                                                                                       -         -         -            1,193    (1,523)    (330)
 based payments                      -
 Share-based payment charge          -                                                                                                                                                     -         -         -            -        556        556
 Disposal of revaluation  reserve    -                                                                                                                                                     -         -         (1,378)      -        1,378      -
 Transactions with equity holders                                                                                                                                                          -         -         (1,378)      943      (79)       (514)
                                     -
 Profit for the period               -                                                                                                                                                     -         -         -            -        6,143      6,143
 Other comprehensive income                                                                                                                                                                -         -         -            -        (91)       (91)
                                     -
 Total comprehensive income                                                                                                                                                                -         -         -            -        6,052      6,052
                                     -
 Balance at 1 April 2025             1,059                                                                                                                                                 4,406     8,207     -            (1,791)  30,723     42,604
 Dividends paid                                                                                                                                                                            -         -         -            -        (1,237)    (1,237)
                                     -
 Purchase of own shares              -                                                                                                                                                     -         -         -            (970)    -          (970)
 Settlement of share-based payments  -                                                                                                                                                     -         -         -            276      (267)      9
 Share-based payment charge          -                                                                                                                                                     -         -         -            -        393        393
 Transactions with equity holders    -                                                                                                                                                     -         -         -            (694)    (1,111)    (1,805)
 Loss for the period                                                                                                                                                                       -         -         -            -        (2,260)    (2,260)
                                     -
 Other comprehensive income                                                                                                                                                                -         -         -            -        (139)      (139)
                                     -
 Total comprehensive income                                                                                                                                                                -         -         -            -        (2,399)    (2,399)
                                     -
 Balance at 30 Sept 2025             1,059                                                                                                                                                 4,406     8,207     -            (2,485)  27,213     38,400

Consolidated statement of financial position
as at 30 September 2025 (unaudited)

 

                                                                  30 September      30 September      31 March
                                                                           2025     2024              2025
                                                                           $'000    $'000             $'000
 Non-current assets
 Goodwill                                                                  12,240   12,653            12,240
 Other intangible assets                                                   2,005    1,497             1,649
 Property, plant and equipment                                             1,414    2,011             1,626
 Trade and other receivables                                               163      299               -
 Deferred tax assets                                                       322      322               323
                                                                           16,144   16,782            15,838
 Current assets
 Inventories                                                               -        338               -
 Trade and other receivables                                      6        4,019    6,428             9,231
 Tax receivables                                                           391      161               135
 Cash and cash equivalents                                                 27,255   25,855            31,541
                                                                           31,665   32,782            40,907
 Assets in disposal groups classified as held for sale                     -        4,018             -
 Total assets                                                              47,809   53,582            56,745
 Current liabilities
 Trade and other payables                                         7        (2,760)  (2,614)           (4,518)
 Tax liabilities                                                           -        -                 (619)
 Deferred income                                                           (4,931)  (11,903)          (7,128)
 Lease obligations                                                         (314)    (315)             (345)
                                                                           (8,005)  (14,832)          (12,610)
 Non-current liabilities
 Lease obligations                                                         (772)    (986)             (899)
 Deferred income                                                           -        (118)             -
 Deferred tax liabilities                                                  (632)    (580)             (632)
                                                                           (1,404)  (1,684)           (1,531)
 Total liabilities                                                         (9,409)  (16,516)          (14,141)
 Net assets                                                                38,400   37,066            42,604

 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             -
 Own shares                                                                (2,485)  (2,734)           (1,791)
 Retained earnings                                                         27,213   24,750            30,723
 Attributable to equity holders of the parent                              38,400   37,066            42,604

 

Consolidated cash flow statement
for the period ended 30 September 2025 (unaudited)

 

                                                                   Six months ended                    Year ended

30 September
31 March
                                                                                    2025     2024      2025
                                                                                    $'000    $'000     $'000
 Operating activity
 (Loss)/profit before tax                                                           (2,257)  250       7,341
 Adjustments for:
 Depreciation of property, plant and equipment                                      285      287       599
 Amortisation of intangible assets                                                  170      127       276
 Finance income                                                                     (477)    (692)     (1,115)
 Finance expense                                                                    30       35        71
 Share-based payments                                                               386      645       583
 (Gain)/loss on sale of property, plant and equipment                               -        (6)       42
 Operating cash flows before movements in working capital                           (1,863)  646       7,797
 Decrease in inventories                                                            -        4,323     4,661
 Decrease in receivables                                                            5,057    4,479     2,005
 (Decrease) in payables                                                             (3,955)  (18,476)  (21,499)
 Cash generated (used in) operations                                                (761)    (9,028)   (7,036)
 Income tax paid                                                                    (934)    (1,919)   (2,096)
 Net cash (used in) operating activities                                            (1,695)  (10,947)  (9,132)

 Investing activities
 Interest received                                                                  477      692       1,115
 Purchase of property, plant and equipment                                          (69)     (213)     (191)
 Purchase of intangible fixed assets                                                (17)     (82)      (89)
 Sale of Land and Buildings                                                         -        -         3,972
 Capitalisation of development costs                                                (507)    (309)     (603)
 Net cash (used in) /generated from  investing activities                           (116)    88        4,204

 Financing activities
 Dividends paid                                                                     (1,237)  (1,124)   (1,614)
 Lease repayments                                                                   (285)    (57)      (231)
 Interest paid                                                                      (30)     (35)      (71)
 Purchase of own shares                                                             (970)    (155)     (405)
 Exercise of share options                                                          (10)     -         (16)
 Net cash used in financing activities                                              (2,532)  (1,371)   (2,337)
                                                                                    (4,343)  (12,230)  (7,265)

 Net (decrease) in cash and cash equivalents
 Cash and cash equivalents at start of period                                       31,541   38,790    38,790
 Effect of foreign exchange on cash and cash equivalents                            57       (705)     16
 Cash and cash equivalents at end of period                                         27,255   25,855    31,541

 

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 2025, except for the changes in reporting
outlined in the final results announcement on 08 July 2025. The interim
financial information for the six months to 30 September 2025, which complies
with IAS 34 'Interim Financial Reporting', has been approved by the Board of
Directors on 02 December 2025.

 

The unaudited interim financial information for the period ended 30 September
2025 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
2025 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. Business and geographical segments

 

The Group operates as a single business with no separation into divisions or
allocation of 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 nature and 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
                                            2025       2024         2025
                                            $'000      $'000        $'000
 Celebrus Software                          4,112      5,664        13,272
 Non-Celebrus managed services              2,617      2,901        5,560
 Professional Services                      1,132      2,638        3,742
 Software revenues                          7,861      11,203       22,574
 Third Party Products                       2,489      6,016        16,101
 Revenue                                    10,350     17,219       38,675

 

                                       Six months ended        Year ended 31 March

 Geographical information              30 September
                                       2025       2024         2025
                                       $'000      $'000        $'000
 United States of America              6,532      13,586       29,535
 United Kingdom                        2,512      2,501        6,991
 Rest of Europe                        691        394          908
 Others                                615        738          1,241
                                       10,350     17,219       38,675

 

The geographical revenue segment is determined by the domicile of the
customer.

 

3.  Administration expenses

                                                       Six months ended          Year ended 31 March

                                                       30 September
                                                       2025       Restated       Restated

                                                                  2024           2025
                                                       $'000      $'000          $'000
 Operating expenses                                    10,624     11,141         22,897
 Amortisation of intangible assets                     169        127            276
 Share-based payments                                  386        645            583
 Net foreign exchange differences                      (218)      (73)           135
 Restructuring costs                                   525        89             339
 Administration expenses                               11,486     11,929         24,230

 

4.  Adjusted (loss)/profit before tax

                                                             Six months ended        Year ended 31 March

                                                             30 September
                                                             2025       2024         2025
                                                             $'000      $'000        $'000
 (Loss)/profit before tax                                    (2,257)    250          7,341
 Amortisation of intangible assets                           169        127          276
 Share-based payments                                        386        645          583
 Net foreign exchange differences                            (218)      (73)                         135
 Restructuring costs                                         525        89           339
 Adjusted (loss)/profit before tax                           (1,395)    1,038        8,674

 

 

 

5. Earnings per share

                                                                           Six months ended              Year ended 31 March

30 September
                                                                     2025             2024               2025
                                                                     $'000            $'000              $'000
 (Loss)/profit attributable to owners of the parent                  (2,260)          250                6,393
 Amortisation of intangible assets                                   169              127                276
 Share-based payments                                                386              645                583
 Net foreign exchange differences                                    (218)            (73)                             135
 Restructuring costs                                                 525              89                 339
 Tax on the adjustments                                              -                -                  (333)
 Adjusted (loss)/profit attributable                                 (1,398)          1,038              7,393

    to owners of the parent

                                                                                     30 September 2025  30 September 2024      31 March

                                                                                                                               2025
                                                                                     Number             Number                 Number
 Basic weighted average number of shares, excluding own shares, in issue             39,813,432         39,550,296             39,460,436
 Dilutive effect of share options                                                    1,266,664          1,117,888              1,062,160
 Diluted weighted average number of shares, excluding own shares, in issue           41,080,096         40,668,184             40,522,596

 

 

                                                                     30 September     30 September 2024  Year ended 31 March 2025

                                                                     2025
                                                                     Cents per share  Cents per share    Cents per share
 Basic (loss)/earnings per share                                     (5.68)           0.63               16.20
 Diluted (loss)/earnings per share                                   (5.68)           0.61               15.78
 Adjusted Basic (loss)/earnings per share                            (3.51)           2.63               18.73
 Adjusted Diluted (loss)/earnings per share                          (3.51)           2.55               18.24

 

6. Trade and other receivables

                                 Six months ended        Year ended 31 March

                                 30 September
                                 2025       2024         2025
                                 $'000      $'000        $'000
 Non-current assets
 Prepayments                     163        299          -
                                 163        299          -

 Current assets
 Trade receivables               1,973      1,022        5,010
 Other debtors                   -          -            100
 Prepayments                     1,787      1,747        1,875
 Accrued income                  259        3,659        2,246
                                 4,019      6,428        9,231

7.  Trade and other payables

 

                                             Six months ended        Year ended 31 March

                                             30 September
                                             2025       2024         2025
                                             $'000      $'000        $'000
 Trade payables                              620        459          1,958
 Other taxes and social security             293        243          229
 Other creditors                             312        99           231
 Accruals                                    1,535      1,813        2,100
                                             2,760      2,614        4,518

 

 

8. Dividends

 

                                                                                                               Six months ended        Year ended 31 March

                                                                                                               30 September
                                                                                                               2025       2024         2025
                                                                                                               $'000      $'000        $'000
 Amounts recognised as distributions to equity holders
 Final dividend for the year ended 31 March 2025 of 2.32p (FY24: 2.23p)                                        1,237      -            -
 Final dividend for the year ended 31 March 2024 of 2.23p (FY23: 2.15p)                                        -          1,124        1,124
 Interim dividend for the year ended 31 March 2025 of 0.95p (FY24: 0.92p)                                      -          -            490
                                                                                                               1,237      1,124        1,614

An interim dividend of 0.98p per share (H1 FY25: 0.95p) will be paid on 14
January 2026 to Members on the Register as at 12 December 2025. The shares
will become ex-dividend on 11 December 2025.

 

10. Investor presentation

The investor presentation will be available on the company's investor website
later today https://investors.celebrus.com/ (https://investors.celebrus.com/)
.

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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.   END  IR TBBMTMTIMTRA



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