Cerillion flags record new orders, higher full-year profits

(Sharecast News) - Cerillion said Thursday that it expects to report record new orders and higher profits for the year ended 30 September, following strong second-half trading and major contract wins with an existing European customer.

The AIM-traded billing, charging and customer relationship management software provider said total new orders reached �47.6m, up 25% on the previous year, driven by both new customer additions and increased value from its existing client base.

Revenue for the year was expected to rise to about �45.3m from �43.8m in 2024, while adjusted profit before tax was forecast to come in slightly ahead of consensus market expectations of �20.5m, compared with �19.8m a year earlier.

Cerillion said it secured two significant follow-on contracts in September, worth a combined �25.3m over five years, with a long-term European customer.

The deals followed a major new services agreement with the same client signed in May, and reportedly ranked among the company's largest ever wins.

Cerillion said it ended the financial year with net cash of �34.4m, up from �29.9m in 2024, reflecting what it called a "very strong" balance sheet.

It said it entered the new financial year with a robust back-order book and a strong sales pipeline containing several substantial opportunities.

"The board therefore continues to view growth prospects very positively," the company said.

Full-year results were due to be published in late November, when Cerillion would also provide an update on current trading.

At 1043 BST, Cerillion shares were down 2.31% at 1,436p.

Reporting by Josh White for Sharecast.com.