Celebrus Technologies

Celebrus Technologies Dividend Analysis and Summary

• Type: Interim
• Amount: 0.98p per share (up 3.2% year-on-year vs 0.95p)
• Ex-dividend date: 11/12/2025
• Record date: 12/12/2025
• Payment date: 14/01/2026
• Recent distribution: Final dividend of 2.32p per share paid during the period
• Policy: Board reiterates a progressive dividend policy

• Growth trajectory: Interim DPS increased 3.2%, consistent with a low single-digit progressive approach after the FY25 final (+4% vs FY24).
• Earnings cover: Weak near term. H1 FY26 shows an adjusted loss before tax of $1.4m and statutory LBT of $2.3m; adjusted diluted EPS –3.51c. On current period earnings, the dividend is not covered.
• Cash backing: Solid. Cash of $27.3m, no debt. Operating cash outflow was $1.7m in H1, much improved vs prior year. The dividend size is modest relative to cash on hand.
• Visibility: Celebrus ARR up 14.7% to $15.6m (total ARR $20.8m), and gross margin strong (84.9%). These support medium-term cash generation if pipeline conversion improves.
• Outlook/consensus: Company cites FY26 consensus of $22.7m revenue and $0.6m adjusted LBT (still loss-making). Near-term dividend therefore relies more on balance sheet strength than earnings cover.
• Overall: The interim increase looks manageable and supported by cash resources and ARR momentum, but sustained progression will depend on returning to profitability and improving cash conversion.