Earnings release
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14 October 2026 Cirata plc ("Cirata" or the "Company") Q3FY26 Trading Update Cirata plc (LSE: CRTA), the data orchestration technology company, is announcing anunaudited trading update for the quarter ending 30 September 2026 (Q3FY26). Asupporting video presentation with Q&A will be available here soon after this release. Q3FY26 Trading Update Highlights Q3FY26 KPIsACV reduced by $0.1m Q3FY26 closing ACV[1] of $5.2m (Q2FY26 closing ACV $5.3m) Billings[2] of $1.3m RCB[3] of $4.4mCompleted oversubscribed Placing and Subscription together with Retail Offer on24 July 2026, raising gross proceeds of £5.4m (c.$7.2m) Cash at 30 September 2026 of $6.2m[4] and short-term trade receivables of$1.1m, resulting in a cash and short-term receivable balance of $7.3mCash overheads in Q3FY26 of $3.2m, in line with our FY26 annualized expectedrange of $12-13m Full Year FY26 outlook unchanged from the interim results announced on 16September 2026 Stephen Kelly, Chief Executive Officer of Cirata, commented: “This year our second half is heavily weighted towards the final quarter as we continue topursue larger, higher quality enterprise opportunities. Importantly, opportunities remain inthe pipeline; engagement with the customers and partners involved remains strong; andour focus for Q4 rests squarely on converting them. Our go-to-market team is focussed, our balance sheet was strengthened by theoversubscribed fundraise we completed in July, and we continue to operate within our$12-13m annualized cost range. Cirata Symphony is now in deployment with a leadingUK retailer, progressing a POC with a major US Bank and is available to IBM customersas Cirata Symphony for IBM Big Replicate. While enterprise sales into the Forbes Global 2000 accounts are inherently lumpy, theyspeak to the opportunity our product and GTM organization is targeting. This drives usforward as we remain focused on disciplined execution and on demonstrating that ourteam and pipeline can convert these opportunities into new customer acquisition." Operational KPIs As introduced in the Q1FY26 trading update of 14 April 2026, ACV, Billings and RCB areadditional key operational metrics, providing greater visibility of the underlyingperformance of the business. ACV represents the annualized value of contracted customer agreements in forceat a point in time, including both licence and associated maintenancecomponents, and is independent of revenue recognition and billing timing.Billings represent the value of invoices issued to customers during the period.
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RCB represents contracted future invoicing not yet billed and provides visibilityover future cash flows. There was no net New ACV for the quarter, with two contract expirations in the period reflecting one off migration. Closing ACV[5] was therefore at $5.2m. Operational KPIs Metric Q3FY26Q2FY26 Q1FY26 Commentary Opening ACV $5.3m $4.9m $4.8m Annualized value atthe start of theperiod Net new ACV[6] Nil $0.4m $0.1m Existing customers:Renewals & Growth ACV New LogosNil Nil Nil New customercontracts signed inthe quarter ACV Expired $0.1m Nil Nil Two contracts rolledoff, reflecting one offmigrations Closing ACV $5.2m $5.3m $4.9m Annualized value atend of period Billings $1.3m $0.5m $2.3m Value of issuedinvoices in theperiod RCB (remaining contract billings)[7] $4.4m $5.7m $5.8m Contracted futureinvoicing not yetbilled -of which <12months $2.0m $3.3m $3.4m Near term visibility Cash (period end)$6.2m $2.6m $4.7m Cash position(Q3FY26 includesnet proceeds of July2026 fundraise) Trade receivables$1.1m $0.2m $0.7m Reflects normaltiming of collections Trading Update As set out in the Company’s Interim Results announced on 16 September 2026, certainanticipated contracts are now expected to close over a longer timeframe than initiallyexpected, partly reflecting a change in business outlook at one channel partner whichhas reduced visibility on the timing of a small number of key contracts. Theseopportunities remain in the pipeline, and the Company continues to engage actively withthe customers and partners concerned. The previously announced Retail customer engagement for Cirata Symphony isprogressing as the customer implementation moves from test to the productionenvironment, similarly the POC for a large US Bank is progressing and this alongsideIBM’s validation of the product through its OEM agreement, gives Cirata Symphonyimportant momentum. Management’s priority facing Q4 is to build on these opportunitiesto drive new logo wins, expand within existing customers and further improve visibilityand predictability in the business model. Cash and Overheads On 24 July 2026, following shareholder approval at a General Meeting, the Companycompleted an oversubscribed Placing and Subscription together with a Retail Offer,raising gross proceeds of £5.4m (c.$7.2m). As of 30 September 2026, the unaudited cash balance was $6.2m and the short-termtrade receivables balance was $1.1m, resulting in a cash plus short-term receivablesbalance of $7.3m as of 30 September 2026. Cirata has reduced its cash overhead by over 70% from its peak. Q3FY26 cashoverheads were $3.2m, consistent with the FY26 annualized expected range of $12-13m.
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This announcement contains inside information under the UK Market AbuseRegulation. The person responsible for arranging the release of thisannouncement on behalf of Cirata plc is Stephen Kelly, Chief Executive Officer. For further information, please contact: Cirata Via FTI ConsultingStephen Kelly, Chief Executive Officer Ed Kee, Finance Director Daniel Hayes, Investor Relations FTI Consulting +44 (0)20 3727 1137Matt Dixon / Kwaku Aning Stifel (Nomad and Joint Broker) +44 (0)20 7710 7600Fred Walsh / Brough Ransom / Ben Good / DanielDearden-Williams Panmure Liberum (Joint Broker) +44 (0)20 3100 2000James Sinclair-Ford / Rupert Dearden / PiersShimwell About Cirata Cirata, accelerates data-driven revenue growth by automating data transfer andintegration to modern cloud analytics and AI platforms without downtime or disruption.With Cirata, data leaders can leverage the power of AI and analytics across their entireenterprise data estate to freely choose analytics technologies, avoid vendor, platform, orcloud lock-in while making AI and analytics faster, cheaper, and more flexible. Cirata’sportfolio of products and technology solutions make strategic adoption of modern dataanalytics efficient and automated. For more information about Cirata, visit www.cirata.com
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