24 July 2026

Cirata plc

("Cirata" or the "Company")

Q2FY26 Trading Update

Cirata plc (LSE: CRTA), the data orchestration technology company, is announcing an unaudited trading update for the quarter ended 30 June 2026 (Q2FY26). A supporting video presentation with Q&A will be available here shortly.

Q2FY26 Trading Update Highlights

Stephen Kelly, Chief Executive Officer of Cirata, commented:

"Q2FY26 was a quarter of substance for Cirata. We completed an oversubscribed fundraise that gives us a strong platform to scale and invest with discipline. Our go-to-market team is now fully resourced, with Dominic Arcari's final sales team hires joining in June and July.

With the platform now secured, our focus for the second half is to execute with focus: proving that a fully resourced GTM organisation can convert into new customer acquisition, building on our FY25 growth trajectory. Cirata Symphony continues to progress under our OEM partnership with IBM, and I am more confident in the new logo trajectory we're building into H2 and beyond. We are strongly positioned for Cirata Symphony to be understood as the 'Switzerland of live data orchestration' at petabyte scale. 

This quarter also marks three years since the start of Cirata's turnaround. In just the past year, we have divested a legacy business, doubled down on data orchestration with the launch of Cirata Symphony - now deployed with a major UK retailer running Iceberg-to-Iceberg replication - and delivered our first cash-positive quarter in Q1FY26. We have built the foundations for a growth business."

Operational KPIs

As stated previously for FY26, the Company introduced Annual Contract Value ("ACV"), Billings and Remaining Contract Billings ("RCB") as additional key operational metrics to provide enhanced transparency into the underlying performance of the business.

Operational KPIs

Trading Update

Q2FY26 new ACV was $0.4m, leading to a closing ACV[7] for the period of $5.3m.

The sales pipeline continued to progress during Q2FY26. Between January and April 2026, the pipeline grew by 40% to $21 million of ACV[8]. Since April, pipeline volume and quality have improved further, reflecting both the impact of marketing initiatives and increased activity levels from the recently onboarded sales team.

Management's priorities for FY26 remain to drive new logo acquisition, expand within existing customers, and continue to build visibility and predictability in the business model.

During the quarter, the Company ran two beta trials of Cirata Symphony with a large US bank and a UK retailer. The UK retailer has deployed Cirata Symphony, representing the Company's first customer for the Data Orchestration platform. In addition, a proof of concept ("POC") has commenced with a prospective new customer in the US.

Additionally, Cirata Symphony can now be delivered under the Company's revised OEM agreement with IBM (Cirata Symphony for IBM Big Replicate), which continues to progress. This is an important validation milestone for the product as announced on 16^th June 2026.

The Company's outlook remains unchanged, as outlined in the trading update announced on 14 January 2026.  

The Company's enterprise sales cycle is inherently lumpy. The sales strategy targets Global 2000 accounts, including both new logo engagements and expansion within existing customers. The increased pipeline and activity is supported by the Company's expanded sales organization (which has now reached its targeted complement).

Cash and Overheads  

Gross cash from the fundraise is expected to be circa $7.2m. In addition, as of 30 June 2026, the unaudited cash balance was $2.6m and the short-term trade receivables balance was $0.2m, resulting in a cash plus short-term receivables balance of $2.8m as of 30 June 2026.   

During Q2FY26, operationally, the Company's cash position reduced by $2.1m. After the positive cash-flow Q1, there was a year-to-date reduction in the cash position in H1 FY26 of $1.4m.

Cirata has reduced its cash overhead by over 70% from its peak. As stated in the 14 January outlook the annualized cash overhead is targeted to be between $12-13m, this is consistent with the Q2FY26 operating expense of $3.2m and is therefore in line with our FY26 expected range.

This announcement contains inside information under the UK Market Abuse Regulation. The person responsible for arranging the release of this announcement on behalf of Cirata plc is Stephen Kelly, Chief Executive Officer.

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About Cirata 

Cirata, accelerates data-driven revenue growth by automating data transfer and integration 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 entire enterprise data estate to freely choose analytics technologies, avoid vendor, platform, or cloud lock-in while making AI and analytics faster, cheaper, and more flexible. Cirata's portfolio of products and technology solutions make strategic adoption of modern data analytics efficient and automated.

For more information about Cirata, visit www.cirata.com