Trading Update

Celebrus Technologies plc (AIM: CLBS, the "Group", "Celebrus"), the AIM-listed data solutions provider, provides the following trading update for the year to 31 March 2026 ("FY26").

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.

Full year revenues for FY26 are expected to be approximately $23.3 million, broadly in line with expectations2 (FY25: $38.7 million), and at the pre-tax level we expect an adjusted loss before tax3 of approximately $0.2 million (FY25: profit of $8.7 million), slightly ahead of expectations and reflecting careful cost control through the second half.

Total revenues include software revenues of $20.0m (FY25: $30.3 million). The reduction results from the changes in the Group's contracts with customers, as detailed in the final results announcement in July 2025 and mentioned above, rather than from any reduction in underlying activity. Within total software revenues, Celebrus Software revenue accounted for $9.4 million (FY25: $13.3 million).

Celebrus ARR is expected to be $15.0 million (FY25: $13.6 million), an increase in the year of 10.3%. From an existing customer perspective, FY26 had a Net Revenue Retention of 97.6% through securing renewals across the business, along with some uplifts. Two existing banking customers, however, reduced their banking footprint through divestitures, which meant a reduction in the Celebrus software fees during those renewals. New business, via direct and partners, underdelivered against our expectations. Several deals at contractual stage in Q4 were lost or further delayed, which ultimately brings us to the Celebrus ARR for the year as outlined.

The year-end cash balance was $32.0 million (FY25: $31.5 million), and the Group remains debt-free.

Outlook

Looking ahead to FY27 (the year ending 31 March 2027), the Group is focused on optimizing our approach in the market and improving consistency in new business generation. Our investment into Customer Success gives us confidence in our ability to retain customers, but we are faced with the challenge of building better consistency for winning new logos and have made several changes to support this. Our pipeline remains strong and we have started FY27 with a good influx of new leads.

The Group will publish its full year results on 14 July 2026.

1 The trading performance reported in this statement is based on unaudited management accounts

2 For the purpose of this announcement, the Group believes market consensus for FY26 to be revenue of $24.1 million, and adjusted loss before tax of $0.3 million.

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

Bill Bruno, Chief Executive Officer commented:

"FY26 was a year comprised of a mix of both success and failure as a business. We continued to prove our ability to retain and grow our existing customers, and thus the stickiness of our software, but struggled with building consistency in securing new logos to add to the mix.

The start of FY26 had some key wins, but the end of the year saw several prospective deals, that were fully negotiated, being lost or suffering delays for various reasons. We have made adjustments to the business based upon our learnings from FY26. The team is focused on winning and is hungry to deliver better ARR growth in FY27."