Cerillion (CER) Trading Update summary

Financial performance

• Revenue for the year ended 30 September 2024 expected at approximately £43.8m, up from £39.2m in 2023.

• Adjusted profit before tax will be comfortably ahead of the consensus market forecast of £17.9m (2023: £16.8m).

• Year-end cash increased to £29.8m from £24.7m a year earlier.

Order intake and contracts

• Total new orders signed during the year were significantly higher than any previous year.

• Two major new customer agreements: a €12.4m contract in Ireland and an $11.1m contract in May 2024.

• The full benefit of these new orders is yet to be realized in future periods.

Operational developments

• Moved to a new, larger office in Bulgaria to support growth and near-shoring strategy.

• Entered the new financial year with a robust back-order book and strong sales pipeline.

• Board maintains a very positive outlook on growth prospects.