Business
Trading Statement
Cirata plc reported its first quarter FY26 trading update, achieving positive cash flow for the first time in its history and seeing a pipeline growth of approximately 40% since January 2026. The company's closing Annualized Contract Value (ACV) stood at $4.9 million, with billings of $2.3 million and Remaining Contract Billings (RCB) of $5.8 million. Cirata ended the quarter with $4.7 million in cash and $0.7 million in short-term trade receivables, totaling $5.4 million. Cash overheads for the quarter were $3.1 million, aligning with the full-year target of $12-13 million, and the company reaffirmed its outlook to achieve cash flow break-even for FY26. Disclaimer*
About this update from Cirata Plc
14 April 2026 Cirata plc ("Cirata" or the "Company") Q1 FY26 Trading Update Positive Cash flow, strong pipeline growth, KPIs providing greater visibility Cirata plc (LSE: CRTA) today provides an unaudited trading update for the quarter ended 31 March 2026 (Q1FY26). A supporting video presentation with Q&A will be available here shortly. Highlights · Q1FY26 cash flow positive -the first positive cash flow quarter in its reporting history · Continuing Go-To-Market momentum following a record FY25, which included the highest Data Integration bookings achieved since 2017 · Pipeline growth of c.40% (in value) since January 2026, consisting of new logos and existing customers · As previously stated, the introduction of KPI tracking improving visibility: o Annualized Contract Value ("ACV")[1], Billings[2] and Remaining Contract Billings ("RCB")[3] to enhance visibility of underlying performance § Q1 FY26 closing ACV of $4.9m § Billings of $2.3m § RCB of $5.8m · Cash at 31 March 2026 of $4.7m and short term trade receivables[4] of $0.7m, resulting in a cash and short term receivable balance of $5.4m · Cash overheads in Q1 FY26; $3.1m, in line with our FY26 annualized expected range of $12-13m · Outlook re-affirmed: continuing to target cash flow break even for FY26 and visibility is anticipated to improve by mid-year FY26, with a positive momentum and improving visibility in Q1 Stephen Kelly, Chief Executive Officer of Cirata, commented: "Following a transformational FY25, where records were set for Data Integration bookings, cash flow and with 77% revenue growth, we have entered the new financial year with stronger momentum across our pipeline and customer engagements. Also in line with our outlook statement we achieved positive cash flow for the quarter. This is a significant milestone and represents the first reported period of positive cash generation in the Company's history and a key step towards sustainable cash generation. We are seeing encouraging commercial traction with Cirata Symphony as our expanding sales team engages with a growing set of global customers and partners. Our pipeline which includes both new logo and existing customer opportunities ...