Cirata plc AIM:CRTA
- Incorporated
- Jersey
- Chief executive
- Stephen Kelly
- Employees
- 103
- Reports in
- USD
Read straight from the annual reports
7.7c at close on 5 Oct 2026 · 10 reported years, 2015–2024
| Line | FY201512/15 | FY201612/16 | FY201712/17 | FY201812/18 | FY201912/19 | FY202012/20 | FY202112/21 | FY202212/22 | FY202312/23 | FY202412/24 | FY2026unreported |
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| Exceptional items | — | ||||||||||
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| Dividend per share | — | — | — | — | — |
USD millions, negatives in brackets. Per-share lines in cents, share counts in millions. later is what a following report restated the figure to; vs is a second reading that disagrees. The figure shown is the one the original filing printed, and both readings are kept. Click any figure: opens the report page it was read from, highlighted; shows how it was calculated. The share price above is drawn to the same columns: each close sits over the financial year it fell in.
10 years, at a glance
Dashed: Operating margin, in % on its own scale — read its shape, not its height against the bars.
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Data Integration (DI) bookings growth
DI bookings increased 80% YoY to $4.7m, representing 67% of FY24 bookings (FY23: 36%), described as the core growth driver
page 7OEM/Big Replicate partnership with IBM
Signed largest-ever OEM Big Replicate implementation to date; c.$2.0m Live Data Migrator (LDM) contract with a top 3 US bank via IBM OEM relationship
page 5Cost base reduction
Annualised cash overheads reduced from ~$45m in 2023 to $20.4m in FY24 (down further to $16-17m targeted exiting Q1FY25); cash overheads were $20.6m in FY24 vs $30.3m in FY23
page 16Revenue growth outpacing cost reduction
Revenue grew 15% YoY while adjusted EBITDA loss nearly halved to $13.5m (FY23: $24.2m loss)
page 7FY24 was the recovery phase and FY25 marks the transition to a more predictable growth phase; management does not anticipate an FY25 fundraise for working capital given assessment of pipeline and reduced cost base
page 9There are no subsequent events to report (stated in both the CFO's financial review and Note 27 to the financial statements)
page 21Auditor Crowe U.K. LLP issued an unqualified (true and fair) opinion but drew attention to a material uncertainty related to going concern (note 2(b)): under a severe but plausible downside scenario, the Group may be unable to meet its financial obligations as they fall due; the Directors nonetheless prepared accounts on a going concern basis. Group had net assets of $9.6m and cash of $9.7m at 31 Dec 2024, no debt facilities. Key audit matter: risk of fraud in revenue recognition. Overall materiality $426,000 (1.6% of three-year average loss before tax)
page 41- Liquidity and cash runway - failure to convert sufficient sales could threaten cash position; going concern material uncertainty flagged by auditorp.18
- Technology scalability and customers - customer concentration in financial services, telecom and automotive; reputational risk from data breach or migration failurep.18
- People - risk of key leadership team members leaving, impacting ability to execute turnaround, exacerbated by lack of succession planning/documentationp.19
- Sales - failure to achieve GTM/sales targets via partners and direct channels, pricing/commercial model challengesp.19
Read from C000287-AR-2024-website.
9 annual reports read, FY2016 to FY2024
Open a year to see what its report said. Every line in it carries the page it was read from.
Sources: Company website (9)
FY2025Next report expected 11 May 2026