Final results for the year ended 30 September 2024

Record financial performance

Growth prospects remain very strong

Cerillion plc, the billing, charging and customer relationship management software solutions provider, presents its annual results for the 12 months ended 30 September 2024.

• Revenue: +12% to £43.8m (Sep 2023: £39.2m)
• Recurring revenue:+11% to £15.5m (Sep 2023: £13.9m)
• Adjusted EBITDA: +15% to £20.7m (Sep 2023: £18.1m)
• Adjusted EBITDA margin: +120bps to 47.4% (Sep 2023: 46.2%)
• Adjusted profit before tax: +18% to £19.8m (Sep 2023: £16.8m)
• Statutory profit before tax: +22% to £19.7m (Sep 2023: £16.1m)
• Adjusted basic earnings per share: +13% to 52.2p (Sep 2023: 46.2p)
• Statutory basic earnings per share: +18% to 51.7p (Sep 2023: 43.8p)
• Total dividend per share: +17% to 11.3p (Sep 2023: 3.2p)
• Net cash: +21% to £29.9m (Sep 2023: £24.7m)

Louis Hall, CEO of Cerillion plc, commented:

“Revenue, pre-tax profit, and the new customer sales pipeline all reached new highs. Two major new customer wins in the year as well as orders from the existing customer base also helped to drive total new orders to a record level of £38.1m.

“Trading conditions remain favourable for us. While total global telco capital investment may have slowed, investment in the enterprise software layer connecting telcos’ network infrastructure to their customers remains essential. This is because it enables telcos to monetise their network infrastructure assets, driving more revenue from their existing assets, and to improve operational efficiency and the customer experience.

“The Company remains well-positioned to make further progress over the new financial year, with a healthy back-order book and strong new customer sales pipeline. We will continue to invest across the business, supported by our strong balance sheet, rising levels of recurring income and good cash flows. We view the future with confidence.”

News in full

We interviewed CEO Louis Hall at the time of the Group’s Interim Results, who outlines the reasons behind the Group’s record results and why there is more to come