REG - Cerillion PLC - H1 Trading Update

CerillionAnnouncement

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RNS Number : 3805B  Cerillion PLC  22 April 2026

AIM: CER

Cerillion plc

("Cerillion" or the "Company")

 

Half-Year Trading Update

 

Cerillion plc, the billing, charging and customer relationship management
software solutions provider, announces an update on trading for the first six
months of its current financial year ending 30 September 2026.

 

The dominant feature of the first half was the signing in January of Omantel
as a major new client in a contract worth c. £42.5m(1) over its term. As
previously reported, this is Cerillion's largest win to date and another
valuable reference customer. Software implementation remains on track and the
contract is expected to contribute significantly in the second half of the
financial year.

 

Like last year, the Company's full year results are expected to be strongly
weighted to the second half of the financial year, with H1 revenue expected to
be c. £18.0m (H1 2025: £20.9m) and H1 EBITDA c. £6.2m (H1 2025: £9.9m).
This reflects the timing of contracts and the fact that, as anticipated, very
little high-margin software licence revenue was recognised in H1 2026. The
expected stronger performance in H2 is underpinned by the anticipated
unwinding of the very strong back-order book. New orders(2) have doubled to
£39.6m as at 30 March 2026 (H1 2025: £19.6m), driven principally by the
January win, but also by demand from existing customers. The Company's net
cash at the half-year end was higher year-on-year at approximately £32.5m (31
March 2025: £31.2m).

 

Given progress to date, the expected income mix in the second half and
anticipated new orders from existing customers, the Board believes that
Cerillion remains well-positioned to meet market expectations for the
financial year. In addition, the pipeline of new business opportunities
remains strong, and the Company continues to invest in the business to support
growth.

 

Interim results will be published on 1 June 2026, when a further update on
current trading and prospects will be provided.

 

Notes

(1) The contract with Omantel is denoted in Omani Rials ("OMR") and the spot
exchange rate price used to convert its value to from OMR to Pound Sterling
("GBP") is 1 OMR to 1.93 GBP.

(2)New orders does not include revenue from maintenance and support.

 

 

Enquiries:

 Cerillion plc                                     c/o KTZ Communications
 Louis Hall, CEO                                   T: 020 3178 6378

 Panmure Liberum Limited (Nomad and Joint Broker)  T: 020 3100 2000
 Bidhi Bhoma, Edward Mansfield, Freddie Wooding

 Singer Capital Markets (Joint Broker)             T: 020 7496 3000
 Rick Thompson, James Moat, James Fischer

 KTZ Communications                                T: 020 3178 6378
 Katie Tzouliadis, Robert Morton

 

About Cerillion

www.cerillion.com

Cerillion has a 26-year track record in providing mission-critical software
for billing, charging and customer relationship management ("CRM"), mainly to
the telecommunications sector. The Company has c. 70 customer installations
across c. 45 countries.

 

Headquartered in London, Cerillion also has operations in India and Bulgaria
as well as a sales presence in Continental Europe, the USA, Singapore and
Australia.

 

The business was originally part of Logica plc before its management buyout,
led by CEO, Louis Hall, in 1999. The Company joined AIM in March 2016.

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