Cerillion (CER) Trading update summary

Financial performance update

• Revenue for the year ending 30 September 2026 is estimated at £46m–£48m, below consensus of £52.8m.

• Adjusted EBITDA margin is expected between 43%–45%, compared to last year's 50.9% and consensus of 45.2%.

• Second-half results will be significantly ahead of the first half, but not enough to meet market expectations.

Operational highlights and outlook

• Delays or deferrals in new and existing customer orders, including software licence expansions and upgrades, impacted results.

• Major implementations are progressing, with UCom's transformation project nearing completion and Omantel's software installation finished.

• Back-order book and new customer pipeline remain strong, and the balance sheet is described as very robust.

• Full year results will be announced at the end of November 2026.