REG - Corero Network Sec. - Key Customer Renewal and H2 2025 Sales Momentum

Corero Network SecurityAnnouncement

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RNS Number : 1986G  Corero Network Security PLC  05 November 2025

5 November 2025

 

 

Corero Network Security plc

("Corero" or the "Company")

 

Key Customer Renewal and Expansion Order

Product Enhancements Support H2 2025 Sales Momentum

 

Strong Q3 2025 order intake and key customer renewal and expansion order in
early Q4 2025

 

Corero (https://www.corero.com/) (AIM: CNS)
(https://www.londonstockexchange.com/stock/CNS/corero-network-security-plc/company-page)
(OTCQX: DDOSF) (https://www.otcmarkets.com/stock/DDOSF/overview) , the
distributed denial of service ("DDoS") protection specialists and champion of
adaptive, real-time service availability, is pleased to announce good sales
traction across Q3 2025, driven by a number of new customer wins and  product
enhancement launches, as well as a key customer renewal and expansion order in
October delivering a strong start to Q4 2025.

 

Corero delivered a strong Q3 2025, with order intake(1) of $7.4 million (Q3
2024: $6.0 million) and new contract wins secured across the US, UK, Europe,
Brazil and Singapore. Two additional CORE(2) customer wins were secured in Q3
2025, following the first two CORE contracts secured in Q2 2025.

 

Corero secured a renewal and significant expansion order with a key customer,
a leading US cloud computing provider in October 2025. The renewed and
expanded contract, providing DDoS protection solutions to the customer's
current and planned data centre portfolio, has a total contract value of $6.8
million, $0.8 million of which was included in the Q3 2025 order intake value
noted above. The $6.8 million contract consists of a $3.1 million renewal (of
all existing contracts) and $3.7 million expansion, which will be delivered
and recognised on a subscription basis over the three-year contract term.

 

In addition to good customer traction in H2 2025 to date, Corero has also
recently announced a number of key platform enhancements to serve customer
demand requirements:

 

·    Layer 7 TLS(3) Protection blocks high volume application-layer
attacks in real time at the network edge with no additional latency, no false
positives and no additional hardware.

·    Zero Trust Admission Control uses behavioural analytics to detect and
block anomalies at login portals, reducing risk from credential abuse and
bot-driven attacks.

·    Extended WAF(4) and Application Security for Service Providers which
protects web applications and APIs using adaptive analytics, threat modelling
and anti-bot capabilities, enabling service providers to offer high-value
application-layer security as a managed service.

·    Bare Metal and Commercial Off-the-Shelf Deployment Options which
extend the use cases for Corero's software-led, hardware agnostic capabilities
to customers who desire to run Corero's solution on hardware of their
choosing.

 

Management reaffirms the guidance for the year ending 31 December 2025 as
announced on 16 July 2025 of revenue between $24.0 million and $25.5 million
(FY 2024: $24.6 million) and EBITDA between $1.5 million loss and $0 million
(FY 2024: $2.5 million profit).

 

 

(1) Order intake is defined as orders received from customers in the period

(2) The new Corero Observability & Resiliency Ecosystem ('CORE') solution

(3) Transport Layer Security, an encryption protocol that secures data
transferred over the internet, such as website traffic and emails

(4) Web Application Firewall

 

 

Carl Herberger, Chief Executive Officer at Corero, commented:

 

"I am delighted to extend our partnership with a key Corero customer and to
continue to support their growing business and DDoS protection requirements.
This expanded contract demonstrates Corero's technical leadership and the
confidence customers, including those managing critical infrastructures, have
in our SmartWall ONE platform.

 

I am encouraged by the sales growth in Q3 2025 and the strong start to Q4
2025. Our success in winning new customers and expanding our global presence,
combined with Corero's strategic focus on product innovation, continues to sit
at the heart of our customer proposition.

 

The H2 2025 sales momentum not only reflects our strengthening market presence
but highlights the ongoing and urgent shift towards performance-driven,
flexible and scalable DDoS protection to mitigate cybersecurity attacks."

 

Enquiries:

 

 Corero Network Security plc                                     Tel: +44(0)20 7390 0230
 Carl Herberger, Chief Executive Officer
 Chris Goulden, Chief Financial Officer

 Canaccord Genuity Limited (Nominated Adviser and Joint Broker)  Tel: +44(0)20 7523 8000
 Simon Bridges / Andrew Potts / Harry Rees

 Zeus Capital (Joint Broker)                                     Tel: +44(0)20 3829 5000

 Ben Robertson / Ed Beddows

 Vigo Consulting (Financial PR and Investor Relations)           Tel: +44(0)20 7390 0230
 Jeremy Garcia / Anna Sutton
 corero@vigoconsulting.com (mailto:corero@vigoconsulting.com)

 Harbor Access (Investor Relations)                              Tel: +1 475 477 9401

 Jonathan Paterson

 

About Corero Network Security

 

Corero Network Security is a leading provider of DDoS protection solutions,
specialising in automatic detection and protection solutions with network
visibility, analytics, and reporting tools. Corero's technology protects
against external and internal DDoS threats in complex edge and subscriber
environments, ensuring internet service availability. With operational centres
in Marlborough, Massachusetts, USA, and Edinburgh, UK, Corero is headquartered
in London and listed on the London Stock Exchange's AIM market (ticker: CNS)
and the US OTCQX Market (OTCQX: DDOSF).

 

For more information, visit www.corero.com (http://www.corero.com/) , and
follow us on LinkedIn (https://www.linkedin.com/company/corero/)  and X
(https://twitter.com/Corero) .

 

 

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