Cerillion (AIM:CER) expects first-half revenue of c. £18m and H1 EBITDA of about £6.2m, down from £20.9m and £9.9m a year earlier, but says second-half receipts should be materially stronger and the group remains on track for the full year.
The dominant event in H1 was the January signing of Omantel, Cerillion's largest contract to date, worth c. £42.5m over its term, with software implementation reported to be on track and set to contribute in H2. As anticipated, very little high-margin software licence revenue was recognised in H1, concentrating results in the second half. New orders (excluding maintenance and support) have doubled to £39.6m at 30 March (H1 2025: £19.6m), and net cash at the half-year was c. £32.5m (31 March 2025: £31.2m).
"Given progress to date, the expected income mix in the second half and anticipated new orders from existing customers, the Board believes that Cerillion remains well‑positioned to meet market expectations for the financial year," Cerillion added.
Interim results are scheduled for 1 June.
