Corero Network Security

CNS · AIM · Technology · mcap £62m · 11.5p

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Financials · LTM to 30 Jun 26

Source: results 09 Sep 26 ↗

Revenue: £22.5m
Operating profit: £2.4m
Net income: £3.3m
Free cash flow: −£919k
Net cash: £1.6m
Market cap: £61.5m
EV / EBIT: 24.8×
FCF yield: −1.5%
Price / book: 4.1×

Latest half-year · H1 26 vs H1 25 results 09 Sep 26 ↗

Revenue: £11.5m
Operating profit: £1.1m
Net income: £1.1m
Cash from operations: £82k

Extracted automatically from the company's results announcements; check the source before relying on a figure. Not investment advice.

Income statement Cash flow Balance sheet

Annual Half-yearly

Latest report: H1 26 (six months to 30 Jun 26), published 09 Sep 26 · read the results ↗

£m unless stated · newest first · italic = calculated (LTM, H2 = FY − H1) · hover a value for its source

	LTM Jun 26	FY 25	FY 24
Revenue	22.5	19.4	19.2
Gross profit	20.6	17.4	17.5
Adjusted EBITDA	4.4	1.4	–
EBITDA	4.2	1.1	2.0
Operating profit	2.4	(0.5)	0.4
Depreciation (owned assets)	0.6	0.4	0.4
Depreciation (right-of-use)	0.1	0.1	0.1
Amortisation	1.3	1.3	1.2
Share-based payments	0.2	0.3	0.4
Finance costs	(0.0)	(0.0)	(0.0)
Profit before tax	2.4	(0.5)	0.4
Tax	(0.0)	(0.0)	(0.0)
Net income (owners)	3.3	0.4	0.4
EPS basic	0.5p	(0.1p)	0.1p
EPS diluted	0.5p	(0.1p)	0.1p

	H1 26	vs H1 25	H2 25	H1 25
Revenue	11.5	+37%	10.9	8.4
Gross profit	10.8	+41%	9.8	7.6
Adjusted EBITDA	2.0	n/m	2.4	(1.0)
EBITDA	2.0	n/m	2.2	(1.1)
Operating profit	1.1	n/m	1.3	(1.8)
Depreciation (owned assets)	0.2	n/m	0.4	0.1
Depreciation (right-of-use)	0.1	−55%	(0.0)	0.1
Amortisation	0.6	+12%	0.7	0.6
Share-based payments	0.1	−47%	0.1	0.1
Finance costs	(0.0)	n/m	(0.0)	(0.0)
Profit before tax	1.1	n/m	1.3	(1.8)
Tax	0.0	n/m	(0.0)	(0.0)
Net income (owners)	1.1	n/m	2.2	(1.9)
EPS basic	0.2p	–	0.3p	(0.4p)
EPS diluted	0.2p	–	0.3p	(0.4p)

	LTM Jun 26	FY 25	FY 24
Cash from operations	2.9	2.3	2.6
Tax paid	(0.0)	(0.0)	(0.0)
Capex (PP&E)	(0.6)	(0.6)	(0.6)
Capex (intangibles)	(3.1)	(2.7)	(2.5)
Lease principal paid	(0.1)	(0.1)	(0.2)
Lease interest paid	(0.0)	(0.0)	–
Shares issued	–	0.0	0.8

	H1 26	vs H1 25	H2 25	H1 25
Cash from operations	0.1	n/m	2.9	(0.6)
Tax paid	0.0	n/m	(0.0)	(0.0)
Capex (PP&E)	(0.1)	−34%	(0.4)	(0.2)
Capex (intangibles)	(1.5)	+41%	(1.6)	(1.1)
Lease principal paid	(0.1)	n/m	(0.1)	(0.1)
Lease interest paid	(0.0)	n/m	(0.0)	(0.0)

	Latest Jun 26	FY 25	FY 24
Goodwill	6.8	6.7	7.2
Other intangibles	7.0	6.2	5.1
Property, plant & equipment	0.8	0.9	0.8
Inventories	0.3	0.2	0.3
Trade receivables	8.4	7.2	9.0
Cash	1.6	3.0	4.2
Current assets	10.3	10.4	13.5
Total assets	25.2	24.4	26.7
Trade payables	2.5	3.3	3.5
Lease liabilities, current	0.1	0.1	0.1
Current liabilities	8.1	9.2	9.0
Lease liabilities, non-current	0.2	0.3	0.0
Total equity	15.1	13.8	14.9
Undrawn facilities	1.5	–	–

	H1 26	H2 25	H1 25	H2 24
Goodwill	6.8	6.7	6.6	7.2
Other intangibles	7.0	6.2	5.2	5.1
Property, plant & equipment	0.8	0.9	0.7	0.8
Inventories	0.3	0.2	0.4	0.3
Trade receivables	8.4	7.2	6.3	9.0
Cash	1.6	3.0	2.3	4.2
Current assets	10.3	10.4	9.0	13.5
Total assets	25.2	24.4	21.8	26.7
Trade payables	2.5	3.3	2.3	3.5
Lease liabilities, current	0.1	0.1	0.4	0.1
Current liabilities	8.1	9.2	7.3	9.0
Lease liabilities, non-current	0.2	0.3	0.0	0.0
Total equity	15.1	13.8	12.1	14.9
Undrawn facilities	1.5	–	–	–

Line items extracted automatically from each results announcement; when a later report restates a period, the later figure is shown. LTM and H2 are calculated from reported periods. Check the source before relying on a figure.

Company filings. Not investment advice.