Celebrus Technologies reports 13.9% growth in annual recurring revenue

LONDON - Celebrus Technologies plc (AIM:CLBS), a data solutions provider, reported a 13.9% increase in annual recurring revenue (ARR) to $18.8 million for the year ended March 31, 2025, according to its final results released Tuesday.

The company, which is presenting its financial results in US dollars for the first time, saw its software revenue grow 9.4% to $30.3 million, while total revenue decreased to $38.7 million from $40.9 million in the previous year due to lower third-party hardware sales.

Adjusted profit before tax rose to $8.7 million from $7.6 million, while statutory profit before tax increased to $7.3 million from $7.0 million. The company reported a gross profit margin of 61.9%, up from 52.9% in the previous year, attributed to a lower proportion of lower-margin third-party hardware revenue.

"Overall, this was a year of continued progress offset by operational and macroeconomic challenges, particularly some slowing down of customer decision making in the second half of our financial year," said Bill Bruno, Chief Executive Officer.

Celebrus secured key new customer wins during the year, including a global airline and a major fintech business. The company has fully transitioned to Celebrus Cloud as its primary deployment option for customers.

The company ended the year with a cash position of $31.5 million, down from $38.5 million, which it attributed to the unwinding of debtor and creditor positions related to third-party hardware.

Celebrus proposed a final dividend of 2.32 pence per share, making a total dividend for the year of 3.27 pence, an increase of 3.8%.

The company announced that in the first quarter of the current financial year, contract wins including two new customers have increased its ARR to almost $20.0 million.

The financial results were released as a correction to the final results announced on July 8, with amendments to the consolidated cash flow statement.

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