Cirata (CRTA) H2 2025 earnings summary

Executive summary

• FY25 marked a pivotal year, with a strategic focus on Data Integration (DI) and the divestment of the DevOps business, streamlining operations and reducing the cost base by over 70% from its peak.

• Launched Cirata Symphony, a next-generation data orchestration platform, and secured record bookings, including the largest direct and OEM contracts in company history.

• Strengthened governance with new board appointments and concluded the FCA investigation with no action taken.

Financial highlights

• Total revenue grew 77% year-over-year to $13.6m (FY24: $7.7m), with DI revenue up 157% to $11.9m.

• Bookings (TCV) increased 96% to $13.9m, with DI bookings up 181% to $13.2m.

• Adjusted EBITDA loss reduced by 74% to $3.8m (FY24: $14.4m loss); operating loss improved 71% to $4.6m (FY24: $15.8m loss).

• Cash overheads decreased 22% to $16.1m; cash and equivalents at year-end were $4.0m.

Outlook and guidance

• FY26 priorities include scaling Cirata Symphony, achieving cash-flow breakeven, and expanding in North America, UK, and ANZ.

• Focus on new customer acquisition, deepening strategic partnerships, and maintaining financial discipline.

• Management targets an annualized cost run-rate of $12-13m entering FY26.