Sparks

Celebrus’ H126 trading update (six months ended 30 September 2025) confirmed that results are expected to be in line with management expectations, despite continued uncertain economic conditions. The company moved to new contract terms from 1 April, resulting in straight-line revenue recognition of software licenses rather than full recognition on signing or renewal, and is de-emphasising non-Celebrus software and hardware. This has resulted in H126 revenue of $10.3m being 40% lower y-o-y and software revenues of $7.8m being 30% lower y-o-y. Profit before tax is expected to be -$1.4m vs $1.0m in H125. Celebrus ARR (which excludes non-Celebrus managed services and third party software licenses) of $15.6m increased 14.7% y-o-y, showing the true underlying performance as it is not affected by the changes in revenue recognition. Net cash at the end of H126 was $27.2m. H126 results are scheduled for 2 December.