Cerillion (CER) Trading Update summary

Financial performance

• Revenue for H1 2025 expected at approximately £20.9m, down from £22.5m in H1 2024 due to timing of software licence renewals and extensions.

• Adjusted EBITDA anticipated at around £10.0m, compared to £11.0m in H1 2024.

• Net cash increased to about £31.0m as of 31 March 2025, up from £26.6m a year earlier.

Business development and outlook

• New customer pipeline remains very strong, slightly ahead of last year's record level.

• Major new contract win in January valued at $11.4m and a £5.4m term renewal with a major European customer in March.

• Another significant European customer confirmed intention to use Cerillion's BSS/OSS software for a large migration, expected to benefit revenues in current and next year.

• Well-positioned to meet market expectations for the current year and beyond.

Company background

• Cerillion provides mission-critical billing, charging, and CRM software, mainly for telecoms, with about 80 installations in 45 countries.

• Headquartered in London, with operations in India and Bulgaria, and sales presence in the USA, Singapore, and Australia.