Business
Year End Trading Update
Crimson Tide plc reported a strong financial turnaround for the year ended 30 April 2026, with unaudited EBITDA reaching £1.2 million, a significant improvement from a £0.1 million loss in the prior period, and profit after tax of £0.3 million compared to a £2.0 million loss. Revenue remained stable at £5.9 million, consistent with the pro forma 12-month prior period, while cash reserves increased by 62% to £2.1 million with no bank debt. The company experienced approximately 28% gross revenue churn, largely due to a significant contract loss, but anticipates substantially lower churn in the upcoming year, supported by a strengthened customer success model and a more scalable operating structure, alongside encouraging progress in the US market and a landmark contract renewal valued at £3.88 million. Disclaimer*
About this update from Crimson Tide Plc
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION NO. 596/2014 (AS INCORPORATED INTO UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 AS AMENDED BY VIRTUE OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019). UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN. 5 May 2026 Crimson Tide plc ("Crimson Tide", the "Company" or the "Group") Year-End Trading Update Crimson Tide plc (AIM: TIDE), the provider of the mpro5 operational compliance platform, is pleased to provide an update on trading for the financial year ended 30 April 2026 ("FY26"). The Group has continued to make strong operational and financial progress during FY26, with significant improvement in unaudited EBITDA, profit after tax and cash generation compared with the prior 16 month period ended 30 April 2025 ("FY25"). Following the change in the Group's financial year‑end, comparative information includes both reported statutory results for the prior 16‑month period ended 30 April 2026 and pro forma figures for FY25 presented on a 12‑month basis for comparability. The financial information in this announcement is unaudited save for FY25 figures. Highlights · Strong operational and financial turnaround in FY26, with a return to profitability and materially improved cash generation, underpinned by disciplined cost control and a resilient recurring revenue base. o Revenue of £5.9 million (FY25: £5.9 million on a pro forma 12‑month basis) o EBITDA of £1.2 million (FY25: EBITDA loss of £0.1 million) o Cash of £2.1 million at 30 April 2026 (£1.3 million at 30 April 2025) and no bank debt · Significant progress in strengthening the Group's commercial foundations, including a landmark contract renewal, early momentum in the US, and a sharpened go‑to‑market focus to support sustainable growth. · Delivery of a more scalable operating model during the year, with enhanced customer success and onboarding processes designed to drive materially lower churn going forward. · The Group enters FY27 with a stronger balance sheet, lower contract renewal exposure, and a growing pipeline, providing...