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AIM-listed billing and CRM solutions provider, Cerillion, has published a trading update reflecting lower revenue and reduced profitability during the first half of the current fiscal. The update for the six months ending 31 March 2025 revealed that revenue is expected decline by 7.1% year-on year, to come in at around £20.9m whilst adjusted EBITDA is expected to be down by 9.1% at around £10m.
The interim declines come after a sustained period of consistent strong growth for Cerillion which enjoyed a double-digit revenue increase in its last full fiscal (FY24). The company’s management explained that the interim revenue shortfall reflects a higher weighting of software licence renewals and extensions in the second half of FY25, compared to FY24, when the majority of these occurred in the first half. Cerillion has also indicated that its sales pipeline of remains “very strong” and is actually ahead of last year's record level.
In January 2025 Cerillion secured a major new contract win worth $11.4m, which was followed up in March with a renewal worth £5.4m with a major European customer. The vendor has also confirmed that another significant European customer recently committed to use its software, with this major migration programme expected to boost revenue through into next fiscal. As a result, Cerillion appears well-placed to meet market expectations for the current financial year and beyond, despite a seemingly below par performance in H1.
Posted by: Jon C Davies at 09:33