Cyanconnode Holdings plc AIM:CYAN
- Incorporated
- United Kingdom
- Chief executive
- John Cronin
- Employees
- 113
- Reports in
- GBP
- Companies House
- 04554942
Read straight from the annual reports
10.1p at close on 14 Sept 2026 · 10 reported years, 2015–2025
| Line | FY201512/15 | FY201612/16 | FY201712/17 | FY201812/18 | FY202003/20 | FY202103/21 | FY202203/22 | FY202303/23 | FY202403/24 | FY202503/25 | FY2026unreported |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||
| Gross profit | |||||||||||
| Operating profit | |||||||||||
| Adjusted operating profit | — | — | — | — | — | — | — | ||||
| Exceptional items | — | — | — | — | |||||||
| Net finance cost | |||||||||||
| Profit before tax | |||||||||||
| Tax charge | |||||||||||
| Profit for the year | |||||||||||
| EBITDA | |||||||||||
| Basic EPS | |||||||||||
| Diluted EPS | |||||||||||
| Dividend per share | — | — | — | — | — | — |
GBP millions, negatives in brackets. Per-share lines in pence, 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.
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum. Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo.
India smart metering rollout under the government's RDSS scheme (target raised from 250m to 330m meters)
India generated 85% of FY25 revenue (£11.98m of £14.177m)
page 84Contracted outstanding order book
Order book more than tripled from £50m to £180m during FY25, providing revenue visibility
page 6Release of new, lower-cost gateway no longer requiring an end-of-life component purchased at a premium
Gross margin increased from 30% to 35% year-on-year despite a 24.3% revenue decline
page 6Project margin phasing: hardware-heavy early years vs higher-margin support/services later
Targeting gross margin of 30-37% in first two years of each project, moving to >90% thereafter as revenue transitions to support and services
page 6CEO John Cronin: 'no orders have been lost, only deferred, and the strength of our current pipeline positions us well for the periods ahead'; order book tripled to £180m; Goa AMISP contract (c.£70m) expected to be a key contributor to returning to the strong revenue growth seen prior to FY25
page 6Receipt of $15m in aggregate via two unsecured convertible loan notes ($7.5m each, May and July 2025) from Smart Sustainability Solutions Limited; first tranche used to repay the £5m Axia short-term loan; interest at 7% p.a., repayable April/July 2028-2030 or convertible to equity
page 105The directors do not recommend a dividend (2024: £nil) and the Group has no plans to adopt a dividend policy in the immediate future; all funds generated are to be reinvested in the business
page 35Material uncertainty related to going concern disclosed by both directors and auditor (RSM UK Audit LLP), given reliance on timing/level of sales, customer payments and working capital funding; auditor's opinion is unmodified (true and fair view) notwithstanding this uncertainty. Key audit matters: revenue cut-off/valuation, carrying value of goodwill and acquired intangible assets, and (parent company) carrying value of investments in/receivables from subsidiaries
page 62- Global events (e.g. pandemic) causing deployment and payment delays, component sourcing disruptionp.25
- Movements in component pricing and stock shortages, particularly for end-of-life componentsp.25
- Funding/working capital risk, with reliance on five customers in India and one in the UAE for cash receiptsp.25
- Currency risk from INR, USD and SEK exposure against GBP reporting currencyp.26
Read from C000354-AR-2025-ch.
9 annual reports read, FY2016 to FY2025
Open a year to see what its report said. Every line in it carries the page it was read from.
Sources: Companies House (9)
FY2026Next report expected 1 Aug 2026
FY2019No annual report read for this year