Celebrus Technologies – close to inflection point, this cash-rich group’s shares have an upward momentum, AGM this Thursday, shares 104p, cash 58p

Mark Watson-Mitchell - 12.08.2026 

What do Bank of America, Citi, Qantas, HSBC, Lloyds, Toyota, Nationwide, BNP Paribas and The Very Group all have in common?

The simple answer is that they are just a handful of clients of the £39.5m-capitalised Celebrus Technologies (LON:CLBS).

Using its patented digital identity data technology, the group’s clients include global leaders in Banking, Retail, Travel, Healthcare, and all major industries.

On Thursday of this week, 13^th August, the group will be holding its AGM to approve its 2026 Report & Accounts.

On the face of it the 2026 year was dreadful for the group, however it has undergone a series of strategic changes, which when progressed this year and next will help to see its prospects as being beneficial.

Within the last year, the group’s shares have been as high as 194p and as low as 75.50p; they are now on the rise again at 104p currently, offering some attractive upside on a one-year view.

The group has some 58p per share in cash!

The Business

Founded 1999, the Sunbury-on-Thames based group also has offices in Cary, North Carolina and at Chennai in India.

It was founded around a passion for helping global enterprises derive value from their data assets.

The group supports its customers in financial services, retail, travel, healthcare, and telecommunications across 35 countries, enabling their businesses to make smarter, informed decisions via Celebrus, the company's flagship first-party product suite.

Celebrus CDP automatically captures, contextualises, and activates user-based behavioural data in real-time across all digital channels.

Through behavioural biometrics and analytics, Celebrus FDP helps companies prevent fraud before it happens.

Celebrus CDM provides an enterprise platform that automates the integration and transformation of customer data from all relevant data sources, whether on-premises or cloud, to deliver customer and regulatory analytics.

Celebrus captures 100% of customer behavioural data in real time — across every device, session, and channel — resolving identity across anonymous, logged-out, and authenticated users into a single, persistent profile. 

That profile becomes the foundation for more effective marketing, more accurate analytics, more performant AI, and faster fraud detection.

2026 Final Results

On Tuesday, 14^th July, the group reported its Final Results for the year to end-March, with its Group ARR increasing 8.0% to $20.3m, alongside a robust cash balance of $32.5m and no debt.

Despite a significant 39.0% decrease in Group Revenue to $23.6m, primarily due to accounting changes for license revenue recognition and a reduction in third-party product sales, the company saw an improved gross profit margin of 87.0%.

Adjusted profit before tax fell to $0.2m from $8.7m in the prior year, with adjusted diluted EPS at 1.04 cents.

The company proposed a final dividend of 2.41p per share, an increase of 3.9%.

* ARR (Annual Recurring Revenue) is redefined as the amount of revenue contracted at a point in time, and derived from software licenses and managed services, that is expected to recur within the next twelve months.

Management Comment

CEO Bill Bruno stated that:

"FY26 was a year where our platform and our people proved their quality, but in which new business didn't perform where we needed it to.

We've made real structural changes in response, not just tweaks, and going into FY27 we have a focused commercial team, a genuinely differentiated AI-enabled platform, and a pipeline that's building well.

We're in a strong position and we're determined to show it in the numbers."

Current Trading and Outlook

The Update stated that the Board entered FY27 with confidence, supported by a strong balance sheet with $32.5m in cash and no debt, a fully re-platformed AI-enabled technology offering, and a restructured commercial model that is already generating encouraging pipeline momentum.

It went on to note that with dedicated, accountable teams across Marketing, Sales and Customer Success, the Group is well positioned to convert its strong customer retention performance and growing new business pipeline into ARR growth.

The Equity

There are some 40.43m shares in issue.

Larger holders include Mission Trail Capital Management (29.53%), Charles Stanley (9.25%), Canaccord Genuity Wealth Management (7.99%), TrinityBridge (7.32%), Chelverton Asset Management (4.40%), and Herald Investment Management (4.11%).

Since the mid-July Results statement, it is worth noting that a number of Directors, including the CFO, have been buying the group’s shares, paying up to 102.14p for each share.

Broker Views

Analysts Andrew Darley and Kimberley Carstens, at Cavendish Capital Markets, have a Buy out on the group’s shares, with a 200p Target Price.

For the current year to end-March 2027, they estimate group revenues almost standing still at $23.5m (£23.6m), while producing a much greater loss at $1.4m ($0.1m), with a loss per share of 2.01c (0.12c profit), but with a maintained uncovered dividend payment of 3.27p per share.

For 2028 they see $27.0m revenues, a $0.7m profit, with 2.07c earnings and a dividend of 3.4p per share.

Over at Canaccord Genuity Capital Markets, the trio of analysts – Kai Korschelt, Hayley Palmer and Tom Like – have a Buy with a 150p per share Target Price.

For 2027 they look for $23.7m sales, a $1.0m adjusted pre-tax loss, generating a 2.4c loss of earnings, while paying out a 3.5p per share dividend.

The 2028 year could show $25.2m sales, with a $0.3m profit, 0.8c earnings and a 3.6p dividend.

Looking further ahead the analysts estimate that 2029 could report $27.6m sales, a $1.6m profit, earnings of 3.6c per share and a dividend of 3.7p.

My View

Despite this year’s expected loss, the group has a good balance sheet with an attractive net-cash position, its shares at 104p could soon trade the 120p/130p price range.