LONDON: Celebrus Technologies plc (AIM: CLBS), a leading data solutions provider, announced its financial results for the year ended 31 March 2025, highlighting double-digit growth in annual recurring revenue (ARR) and improved profitability despite macroeconomic challenges.
The company reported a 13.9% increase in ARR to $18.8 million, driven by new customer wins and upsells. Total revenue dipped to $38.7 million (FY24: $40.9 million), but software revenue—excluding third-party hardware—rose 9.4% to $30.3 million. Gross profit margin improved to 61.9%, up from 52.9% in FY24, reflecting a strategic shift toward higher-margin software sales.
Adjusted profit before tax climbed to $8.7 million (FY24: $7.6 million), with a proposed 3.8% dividend increase. However, cash reserves fell to $31.5 million (FY24: $38.5 million) due to adjusted payment terms.
Operational Highlights:
- Transitioned fully to Celebrus Cloud as its primary deployment model.
- Secured key contracts with a global airline and major fintech firm.
- Refined ARR definition to exclude third-party software, aligning with industry standards.
CEO Bill Bruno acknowledged “operational challenges” but emphasized progress in scaling the cloud platform and sharpening go-to-market strategies. The company expects continued growth in FY26, with ARR already nearing $20 million early in the new fiscal year.