Half-year Results

Celebrus Technologies PLC

03 December 2024

 

03 December 2024

Celebrus Technologies plc

Half-year results for the six months to 30 September 2024

Celebrus Technologies plc (AIM: CLBS, "the Group", "Celebrus"), the AIM-listed data solutions provider, announces its half year results for the six months to 30 September 2024 ("H1 FY25" or the "Period").

On 9 July 2024 the Group announced that from the beginning of the current financial year it would be changing the currency in which it presents its financial results from UK pounds sterling ("Sterling") to US dollars ("Dollars").  Accordingly, the reported results for the six months ended 30 September 2024 and comparatives are shown in Dollars.

Financial highlights

 ·     Annual recurring revenue ("ARR") increased to $26.2m (H1 FY24: $21.3m, FY24: $25.5m)*

·     Total Revenue of $17.2m (H1 FY24: $16.2m, FY24: $40.9m)

·     Software Revenue (excluding third-party hardware) up 22.6% to $11.2m (H1 FY24: $9.1m, FY24: $27.7m)

·    Gross profit margin of 48.0% (H1 FY24: 37.0%, FY24: 52.9%) due to a lower proportion of low margin third-party hardware compared to the prior period

·     Adjusted profit before tax** of $1.0m (H1 FY24: $0.1m, FY24: $7.6 m), and statutory profit before tax of $0.3m (H1 FY24: $0.2m, FY24: $7.0m)

·     Adjusted diluted EPS of 2.55 cents (H1 FY24: 0.40 cents, FY24: 13.76 cents) and diluted basic EPS of 0.61 cents (H1 FY24: 0.47 cents, FY24: 12.27 cents)

·      Cash position of $25.9m (H1 FY24: $17.9m: FY24: $38.8m) with no debt

·      Interim dividend of 0.95p per share, up 3.3% (H1 FY24: 0.92p)

Operational highlights

·    Key wins both during and after the Period include a healthy mix of new logos and upsells of existing customers, which included a large global airline, a UK energy company, a US financial institution, an existing European retail customer, a bank in Poland, and an expansion within a healthcare customer in the US.

·    We continue to innovate the Celebrus platform, which now includes significant enhancements to PII protection, the launch of a self-service analytics platform, and cross-device continuance as a patent extension to our existing digital identity capabilities.

·    We continue to innovate our marketing approach and have launched several new campaigns for both awareness and lead generation. We are moving towards more focused Account Based Marketing campaigns for the next financial year.

·     We continue to invest in ensuring our security certifications and processes are consistently enhanced year on year.

·     Celebrus Cloud, our single-tenant private cloud offering, continues to be prominent in our key wins and pipeline.

·   We have migrated away from multiple datacenters to a single site as part of our transformation to being a cloud business. The new infrastructure includes several enhancements to how we onboard and support our customers.

Outlook

After some slowing down of customer decision making in the past couple of months reflecting the uncertain global geopolitical situation, we are seeing more positive movement in recent weeks. Year to date progress on growing the pipeline and the high visibility of opportunities expected to close in the second half underpin the Board's confidence in achieving full year expectations*** and continuing to drive the ongoing growth in ARR.

Bill Bruno, CEO of Celebrus, commented:

"We are grateful for the team's efforts in the first half of this fiscal year to set our organization up for success both this year and in future years. We have been on quite a journey as a business over the past few years, and it has been energizing to see the fruits of that labor starting to be realized across the business and with our customers. We continue to focus on how best to deliver value for our customers, while ensuring that our Sales, Delivery, and Customer Success teams are in lockstep across our key accounts. We have also continued to explore potential acquisition targets to enhance the Celebrus platform while continuing to invest in our organic growth initiatives."

* ARR (Annual Recurring Revenue) is the amount of revenue at a point in time that is expected to recur within the next twelve months.

** Adjusted profit before tax and EPS are calculated before amortisation of intangibles, one-off restructuring costs, foreign exchange gains/(losses) and share based payment charges.

 
^***For the purpose of this announcement, the Group believes market consensus for FY25 to be revenue of £34.8m ($44.2 m), and adjusted profit before tax of £6.4m ($8.1 m).

Inside Information: This announcement contains inside information for the purposes of article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018.  Upon the publication of this announcement via Regulatory Information Service, this inside information is now considered to be in the public domain.

Enquiries Celebrus Technologies plc Bill Bruno, Chief Executive Officer Ash Mehta, Chief Financial Officer	[phone] [e-mail]
Cavendish (Nominated Adviser & Joint Broker) Julian Blunt / Edward Whiley / Elysia Bough, Corporate Finance Tim Redfern, Corporate Broking	[phone]
Canaccord Genuity (Joint Broker) Simon Bridges / Andrew Potts	[phone]

About Celebrus Technologies plc

As a disruptive data technology platform, Celebrus is focused on improving the relationships between brands and consumers via better data. Celebrus redefines what digital identity verification means to power both next-level marketing and fraud prevention use cases. Deployed across 30+ countries throughout the financial services, healthcare, retail, travel, and telecommunications sectors, Celebrus automatically captures, contextualizes, and activates consumer behavioral data in live-time across all digital channels. Through the addition of behavioral biometrics and AI, Celebrus empowers brands to detect and prevent fraud before it occurs. To ensure that brands can begin to improve those relationships quickly, Celebrus Cloud activates the Celebrus platform efficiently for brands in a single-tenant, private cloud capacity.

The Group has offices in the UK, USA, and India with key talent in all markets to drive the growth of the business. Celebrus is fully compliant with all major data privacy regulations and the Group is accredited to ISO27001: Information Security Management. For more information, please see www.celebrus.com .

Operational review

Our Values

As a business, we focus on four key values in how we operate both internally and externally. These values form the basis by which we evaluate each tactic in our business planning for each financial year.

·      Integrity

We are honest and straightforward, and we do our best to communicate clearly and effectively. We don't use vendor terminology to confuse customers, and we trust each other to deliver on our goals. When we make promises, or set goals, internally or externally, we deliver upon them and hold ourselves accountable. We respect each other and work together to achieve the common goals of the business.

·      Customer-First Mentality

We put the customer first and go the extra mile for them. We live our mission to improve the relationships between brands and consumers via better data and we do that with our people, our technology, and our services. We aim to simplify their lives and deliver value.

·      Innovation

We do not rest, because complacency in the software space signals failure. But it's not just about our technology. It's about innovating everything we do, always questioning our processes and how we work, and looking for ways to improve in every facet of our business.

·      Simplicity

We use simple and effective communication. Arranging purpose-driven meetings, providing explanations to customers that are easy to comprehend, placing messaging in the marketplace that anyone can understand, and focusing on being efficient in our actions. 

Strategy

The mission for our business is to improve the relationships between brands and consumers via better data. Better data, from our perspective, is compliant, complete, timely, and usable in real-time. We have continued to innovate and build solutions for some of the most difficult challenges that organizations face today in digital. This has included enhancements to our digital identity capabilities, the further rollout of more analytics options for brands, and furthered PII protection to name a few.

We explain the Celebrus platform by likening it to a smartphone. The platform supports many capabilities and use cases, but what we sell to customers are applications that sit on top of the platform. Use cases range from marketing to customer experience (CX) to fraud, and this allows us to continue to focus on the "land and expand" approach to sales. What this creates is two funnels for the business: a sales funnel and an upsell funnel, which are managed by Sales and Customer Success respectively. We have continued to sell across many verticals and have established key wins over the past couple of years in financial services, travel and hospitality, retail, healthcare (US), and telecommunications. These wins have come from both our direct sales staff as well as partner-influenced opportunities.

We are continuing to evaluate potential acquisition targets as mentioned in our interim results this time last year. This discovery process is framed by a profile agreed at the Board level. While nothing is imminent at this time, our clear goal is to find proven technology that can be bolted on to the Celebrus platform providing us with an immediate ability to cross-sell to our customer base by way of a value-driven integration working similarly to our engagement with technology partners over the years. We will continue to innovate our platform regardless of the results of this search, but we believe it is prudent to continue reviewing options.

In the market, we have several "tailwinds" such as the rapidly declining digital identity capabilities of our competitors, browser changes and regulations, increased privacy awareness around the globe, and general frustration with tagging-based solutions and analytics platforms based on poor data structures. Our largest "headwind" tends to be organizations that have a fear of change and choose to remain with the status quo despite the acknowledgment that their data is not fit for purpose.

Contract wins

ARR increased to $26.2m (H1 FY24: $21.3m; FY24: $25.5m).

Key wins both during and after the Period include a healthy mix of new logos and upsells of existing customers, which included a large global airline, a UK energy company, a financial institution in the US, an existing European retail customer, a bank in Poland, and an expansion within a healthcare customer in the US.

We have evolved our usage of Hubspot further for both CRM and marketing automation, and we have combined that with our recent expansion of Celebrus Analytics' capabilities to ensure we are consistently measuring our pipeline, the impact of our marketing and sales investments, and the success of our outreach in our business development team. This continues to give us strong data to evaluate our pipeline and to continue to innovate our approach and improve our ability to close deals effectively and find new opportunities.

Partnerships

Our approach to partnerships continues to evolve over time. During the Period, we have furthered our engagement with several solution integrator partners and have developed new offerings with a few of our longer-standing consulting partners. This is critical to ensuring our ability to scale and leverage the business consulting expertise in these partner organizations to help guide our customers in their ability to gain more value from Celebrus.

We have also continued to extend and grow our technology partnerships, which are largely now focused on the sharing of joint customers and a value story from those customers to drive our messaging and joint-value proposition in the market. Some examples of this include our newer partnerships with Braze, Optimizely, and others, as well as our long-standing technology partners including Pegasystems and Teradata.

People

We are very fortunate to have our global team continually driving our business forward and working to ensure that we are always customer-first in our thinking and actions. We have seen great results from much of the restructuring completed in the prior financial year which has streamlined decisions, innovation, and created the opportunity for more accountability across the business.

We have rolled out an internal training platform to ensure our people have access to training for topics and skills required to add more value to our customers, and we will continue to focus on professional and personal development in the coming years. This has also included the launch of an apprenticeship program.

We have worked as a Management Team to put even more effort into our culture and bring people together from our various teams in meaningful ways, especially as we have continued to support hybrid working. This also includes finding ways to celebrate key wins within the business and with our customers to recognize the great efforts being put in by our people.

Current Trading & Outlook

After some slowing down of customer decisions in the past couple of months, which we believe was largely attributed to the uncertain global geopolitical situation, we are seeing more positive progress in our pipeline in recent weeks. Year to date progress on growing the pipeline and the high visibility of opportunities expected to close in the second half underpin the Board's confidence in achieving full year expectations and our target of continuing to drive the ongoing growth in ARR.

Financial review

 

Revenue and Gross Margin 

Total revenue for the Period was $17.2m (H1 FY24: $16.2 m) with a gross profit of $8.3m (H1 FY24: $6.0 m). License revenue increased to $3.8m (H1 FY24: $3.1 m), with total Software revenue (Revenue excluding third party hardware) up 22.6% to $11.2m (H1 FY24: $9.1 m) reflecting the impact of new logo wins and customer upsell in the Period. The gross margin on Software revenue was 66.3% (H1 FY24: 56.2%).

Annual Recurring Revenue

Annual recurring revenue increased during the Period to $26.2m (H1 FY24: $21.3 m, FY24: $25.5 m). The Board is confident of further growth in ARR in the second half as a result of the signing of new contracts either already signed in the second half or currently under negotiation.

Administration expenses and Profit before Tax

Administration expenses increased to $8.7m (H1 FY24: $6.2 m). Excluding items such as net foreign exchange differences and share-based payments, Operating expenses were $7.9m (H1 FY24: $6.2 m). The increased expense reflects further ongoing investment into customer-facing roles in the first half of FY25, as well as increased marketing activity.

Profit before tax was $0.3m (H1 FY24: $0.1m), and the Adjusted Profit before tax was $1.0m (H1 FY24: $0.1 m). The adjustments include a share-based payment charge of $0.6m (H1 FY24: $0.4 m).

Interest income

The Group continues to have a strong focus on maximizing interest income from cash holdings and in the Period earned interest income of $0.7m (H1 FY24: $0.4 m).

Balance Sheet

Property, plant and equipment of $2.0m reflects the IFRS16 lifetime value of property leases entered into in the UK and India during FY24 for new office space, along with the cost of leasehold improvements to those offices.

Trade debtors and other receivables (current) were $6.4m (H1 FY24: $21.2 m; FY24: $11.0 m) with good billing and collection in the Period, and no bad debts. The decrease in trade debtors reflects in part the timing of sales of third party hardware during the Period.

Cash balance and cash flows 

Net cash from operating activities was an outflow of $11.0m (H1 FY24: $2.0 m) due to the high level of creditors for customer-related hardware purchases at the start of the Period. Net cash used in financing activities was $1.4m (H1 FY24: $1.3 m) with the majority comprised of the final dividend payment for the prior year. The total decrease in cash and cash equivalents was $12.2m resulting in a closing cash balance of $25.9m (H1 FY24: $17.9 m; FY24: $38.8 m), the bulk of which is now held as Dollars. The Group remains debt-free.

Dividend

The Board continually monitors the balance between delivering on a progressive dividend policy whilst at the same time balancing investment in the business for future growth, both organic and by acquisition.

During the Period, the Group paid a final dividend of 2.23p per share. For this current half year, the Board is pleased to declare an interim dividend of 0.95p per share, a 3.2% increase over the comparative period last year. The interim dividend will be paid on 17 January 2025 to shareholders on the Register as at 13 December 2024. The shares will become ex-dividend on 12 December 2024.

Consolidated income statement
for the period ended 30 September 2024 (unaudited)

				Six months ended 30 September			Year ended 31 March
				2024	2023		2024
			Note	$'000	$'000		$'000
Continuing operations
	Revenue		3	17,219	16,164		40,886
	Cost of sales			(8,959)	(10,180)		(19,266)
Gross Profit				8,260	5,984		21,620
	Administration expenses		4	(8,668)	(6,196)		(15,396)
(Loss) / profit from operations				(408)	(212)		6,224
	Finance income			692	394		763
	Finance costs			(34)	(10)		(22)
Profit before tax			5	250	172		6,965
	Tax			-	19		(1,947)
Attributable to equity holders of the parent				250	191		5,018
Earnings per share from continuing operations attributable to the equity holders of the parent
	Basic		6	0.63 cents	0.48 cents		12.61 cents
	Diluted		6	0.61 cents	0.47 cents		12.27 cents

Consolidated statement of comprehensive income
for the period ended 30 September 2024 (unaudited)

				Six months ended 30 September			Year ended 31 March
				2024	2023		2024
				$'000	$'000		$'000
Attributable to equity holders of the parent				250	191		5,018
Other comprehensive income:
Items that will not be reclassified to profit or loss
	Exchange differences on translation of foreign operations			356	(67)		724
Total comprehensive income for the period   attributable to equity holders of the parent				606	124		5,742

Consolidated statement of changes in equity attributable to Equity Holders of the Parent
for the period ended 30 September 2024 (unaudited)

	Share capital	Share premium	Merger reserve	Revaluation reserve	Own shares	Retained earnings	Total $'000
Balance at 1 April 2023	1,059	4,406	8,207	1,378	(1,833)	20,319	33,536
Dividends paid	-	-	-	-	-	(1,089)	(1,089)
Purchase of own shares	-	-	-	-	(180)	-	(180)
Settlement of share-based payments	-	-	-	-	382	(384)	(2)
Share-based payment charge	-	-	-	-	-	430	430
Transactions with equity holders	-	-	-	-	202	(1,043)	(841)
Profit for the period	-	-	-	-	-	191	191
Other comprehensive income	-	-	-	-	-	(66)	(66)
Total comprehensive income	-	-	-	-	-	125	125
Balance at 30 Sept 2023	1,059	4,406	8,207	1,378	(1,631)	19,401	32,820
Dividends paid	-	-	-	-	-	(464)	(464)
Purchase of own shares	-	-	-	-	(1,037)	-	(1,037)
Settlement of share based payments	-	-	-	-	84	(173)	(89)
Share-based payment charge	-	-	-	-	-	459	459
Transactions with equity holders	-	-	-	-	(953)	(178)	(1,131)
Profit for the period	-	-	-	-	-	4,827	4,827
Other comprehensive income	-	-	-	-	-	724	724
Total comprehensive income	-	-	-	-	-	5,551	5,551
Balance at 1 April 2024	1,059	4,406	8,207	1,378	(2,584)	24,774	37,240
Dividends paid	-	-	-	-	-	(1,124)	(1,124)
Purchase of own shares	-	-	-	-	(155)	-	(155)
Settlement of share-based payments	-	-	-	-	5	(5)	-
Share-based payment charge	-	-	-	-	-	500	500
Transactions with equity holders	-	-	-	-	(150)	(629)	(779)
Profit for the period	-	-	-	-	-	250	250
Other comprehensive income	-	-	-	-	-	355	355
Total comprehensive income	-	-	-	-	-	605	605
Balance at 30 Sept 2024	1,059	4,406	8,207	1,378	(2,734)	24,750	37,066

Consolidated statement of financial position
as at 30 September 2024 (unaudited)

			30 September		30 September		31 March
				2024	2023		2024
				$'000	$'000		$'000
Non-current assets
Goodwill				12,653	11,528		11,929
Other intangible assets				1,497	1,110		1,234
Property, plant and equipment				2,011	638		2,097
Trade and other receivables				299	1,040		294
Deferred tax assets				322	278		304
				16,782	14,594		15,858
Current assets
Inventories				338	-		4,661
Trade and other receivables			7	6,428	21,174		10,951
Tax receivables				161	107		115
Cash and cash equivalents				25,855	17,881		38,790
				32,782	39,162		54,517
Assets in disposal groups classified as held for sale				4,018	3,661		3,788
Total assets				53,582	57,417		74,163
Current liabilities
Trade and other payables			8	(2,614)	(8,000)		(10,772)
Tax liabilities				-	-		(1,875)
Deferred income				(11,903)	(11,367)		(22,271)
Lease obligations				(315)	(124)		(253)
				(14,832)	(19,491)		(35,171)
Non-current liabilities
Lease obligations				(986)	(98)		(1,105)
Deferred income				(118)	(4,507)		(100)
Deferred tax liabilities				(580)	(501)		(547)
				(1,684)	(5,106)		(1,752)
Total liabilities				(16,516)	(24,597)		(36,923)
Net assets				37,066	32,820		37,240
Equity
Share capital				1,059	1,059		1,059
Share premium account				4,406	4,406		4,406
Merger reserve				8,207	8,207		8,207
Revaluation reserve				1,378	1,378		1,378
Own shares				(2,734)	(1,631)		(2,584)
Retained earnings				24,750	19,401		24,774
Attributable to equity holders of the parent				37,066	32,820		37,240

Consolidated cash flow statement
for the period ended 30 September 2024 (unaudited)

			Six months ended 30 September			Year ended 31 March
				2024	2023	2024
				$'000	$'000	$'000
Operating activity
Profit before tax				250	172	6,955
Adjustments for:
Depreciation of property, plant and equipment				287	157	368
Amortisation of intangible assets				127	96	207
Finance income				(692)	(394)	(763)
Finance expense				35	10	22
Share-based payments				645	431	962
Gain on sale of property, plant and equipment				(6)	-	(21)
Operating cash flows before movements in working capital				646	472	7,730
Decrease / (increase) in inventories				4,323	-	(4,662)
Decrease / (increase) in receivables				4,479	(11,720)	(751)
(Decrease) / increase in payables				(18,476)	9,339	18,610
Cash generated (used in) / from operations				(9,028)	(1,909)	20,927
Income tax paid				(1,919)	(78)	(166)
Net cash (used in) / generated from operating activities				(10,947)	(1,987)	20,761
Investing activities
Interest received				692	394	763
Purchase of property, plant and equipment				(213)	(37)	(517)
Purchase of intangible fixed assets				(82)	(11)	(48)
Capitalisation of development costs				(309)	(199)	(396)
Net cash generated from / (used in) investing activities				88	147	(198)
Financing activities
Dividends paid				(1,124)	(1,089)	(1,553)
Lease repayments				(57)	(52)	(126)
Interest paid				(35)	(10)	(22)
Purchase of own shares				(155)	(181)	(1,283)
Exercise of share options				-	(1)	(25)
Net cash used in financing activities				(1,371)	(1,333)	(3,009)
Net (decrease) / increase in cash and cash equivalents				(12,230)	(3,173)	17,554
Cash and cash equivalents at start of period				38,790	21,218	21,218
Effect of foreign exchange on cash and cash equivalents				(715)	(168)	(23)
Effect of translation				10	4	41
Cash and cash equivalents at end of period				25,855	17,881	38,790

Notes to the financial statements

1. Basis of preparation

These consolidated interim financial statements have been prepared in accordance with International Financial Reporting Standards ("IFRS") as adopted by the UK and on a historical basis, using the accounting policies which are consistent with those set out in the Group's annual report and accounts for the year ended 31 March 2024. The interim financial information for the six months to 30 September 2024, which complies with IAS 34 'Interim Financial Reporting', has been approved by the Board of Directors on 03 December 2024.

The unaudited interim financial information for the period ended 30 September 2024 does not constitute statutory accounts within the meaning of Section 435 of the Companies Act 2006. The comparative figures for the year ended 31 March 2024 are extracted from the statutory financial statements which have been filed with the Registrar of Companies and contain an unqualified audit report and did not contain statements under Section 498 to 502 of the Companies Act 2006.

2. Change in currency

On 9 July 2024 the Group announced that from the beginning of the current financial year it would be changing the currency in which it presents its financial results from UK pounds sterling ("Sterling") to US dollars ("Dollars").  Accordingly, the reported results for the six months ended 30 September 2024 and comparatives are shown in Dollars. A change in presentation currency represents a change in accounting policy which is accounted for retrospectively. At the same time, the UK company changed its functional currency from Sterling to Dollars.

3. Business and geographical segments

The Group operates as a single business with no separation into divisions or allocation or people or assets to a particular division or product group. The management team is responsible for all products with no individual having responsibility for a particular product or product group. This is consistent with the internal reporting for management purposes. Management does however monitor revenues by revenue type due to the differing margins of each revenue type.

The revenue analysis set out below is consistent with that provided to the Board of Directors.

Business Segments				Six months ended 30 September			Year ended 31 March
				2024	2023		2024
				$'000	$'000		$'000
Licenses				3,771	3,138		15,151
Celebrus Cloud Hosting, support and maintenance				4,783	4,823		9,478
Services				2,631	1,165		3,060
Software revenues				11,185	9,126		27,689
Third party products				6,034	7,038		13,197
Revenue				17,219	16,164		40,886

3. Business and geographical segments (continued)

Geographical information				Six months ended 30 September			Year ended 31 March
				2024	2023		2024
				$'000	$'000		$'000
United States of America				13,586	11,022		31,879
United Kingdom				2,501	4,420		7,549
Rest of Europe				394	594		1,070
Others				738	128		388
				17,219	16,164		40,886

The geographical revenue segment is determined by the domicile of the customer.

4.  Administration expenses

				Six months ended 30 September			Year ended 31 March
				2024	2023		2024
				$'000	$'000		$'000
Operating expenses				7,880	6,222		14,785
Amortisation of intangible assets				127	96		206
Share-based payments				645	431		962
Net foreign exchange differences				(73)	(582)		(679)
Restructuring costs				89	29		122
Administration expenses				8,668	6,196		15,396

5.  Adjusted profit before tax

				Six months ended 30 September			Year ended 31 March
				2024	2023		2024
				$'000	$'000		$'000
Profit before tax				250	172		6,965
Amortisation of intangible assets				127	96		206
Share-based payments				645	431		962
Net foreign exchange differences				(73)	(582)		(679)
Restructuring costs				89	29		122
Adjusted profit before tax				1,038	146		7,576

6. Earnings per share

						Six months ended 30 September			Year ended 31 March
					2024		2023		2024
					$'000		$'000		$'000
Profit attributable to owners of the parent					250		191		5,018
Amortisation of intangible assets					127		96		206
Share-based payments					645		431		962
Net foreign exchange differences					(73)		(582)		(679)
Restructuring costs					89		29		122
Adjusted profit attributable to owners of the parent					1,038		165		5,629
					30 September 2024		30 September 2023		31 March 2024
					Number		Number		Number
Basic weighted average number of shares, excluding own shares, in issue					39,550,296		39,822,702		39,781,184
Dilutive effect of share options					1,117,888		1,145,987		1,117,888
Diluted weighted average number of shares, excluding own shares, in issue					40,668,184		40,968,689		40,899,072

				30 September 2024	30 September 2023	Year ended 31 March 2024
				Cents per share	Cents per share	Cents per share
Basic earnings per share				0.63	0.48	12.61
Diluted earnings per share				0.61	0.47	12.27
Adjusted Basic earnings per share				2.63	0.41	14.15
Adjusted Diluted earnings per share				2.55	0.40	13.76

7. Trade and other receivables

				Six months ended 30 September			Year ended 31 March
				2024	2023		2024
				$'000	$'000		$'000
Non-current assets
Prepayments				299	91		294
Accrued income				-	949		-
				299	1040		294
Current assets
Trade receivables				1,022	16,947		7,557
Prepayments				1,747	1,371		2,043
Accrued income				3,659	2,856		1,351
				6,428	21,174		10,951

8.  Trade and other payables

				Six months ended 30 September			Year ended 31 March
				2024	2023		2024
				$'000	$'000		$'000
Trade payables				459	6,498		2,587
Other taxes and social security				243	249		236
Other creditors				99	261		439
Accruals				1,813	992		7,510
				2,614	8,000		10,772

9. Dividends (in GBP)

				Six months ended 30 September			Year ended 31 March
				2024	2023		2024
				£'000	£'000		£'000
Amounts recognised as distributions to equity holders
Final dividend for the year ended 31 March 2024 of 2.23p (FY23: 2.15p)				879	-		-
Final dividend for the year ended 31 March 2023 of 2.15p (FY22: 2.07p)				-	856		856
Interim dividend for the year ended 31 March 2024 of 0.92p (FY23: 0.88p)				-	-		365
				879	856		1,221

An interim dividend of 0.95p per share will be paid on 17 January 2025 to Members on the Register as at 13 December 2024. The shares will become ex-dividend on 12 December 2024.

10. Investor presentation

The investor presentation will be available on the company's investor website https://investors.celebrus.com/ later today.

Bill Bruno (CEO) and Ash Mehta (CFO) will host a live presentation of the results via the Investor Meet Company platform later today at 2.00pm GMT.

Investors can sign up to Investor Meet Company for free and add to meet Celebrus via:

https://www.investormeetcompany.com/celebrus-technologies-plc/register-investor

 

END