**Summary**
KRM22 plc, a technology and software investment company focused on risk management in capital markets, released a trading update for the fiscal year 2025 (FY2025) on January 29, 2026. Key financial highlights include
1. **Annual Recurring Revenue (ARR)** £7.6 million, a 19% growth at constant FX rates compared to FY2024 (£6.6 million). New contracted ARR was £1.6 million, driven by cross-sales and contractual price increases.
2. **Total Revenue** Approximately £7.5 million, an 11% increase from FY2024 (£6.8 million).
3. **Adjusted EBITDA:** £0.7 milliondown from £1.0 million in FY2024.
4. **Cash Position** Gross and net cash of £5.2 million as of December 31, 2025, significantly improved from a net debt of £3.5 million in FY2024, following a successful £9.2 million fundraise in November 2025.
The company attributed ARR growth to cross-sales of its Risk Manager, Limits Manager, and Market Surveillance applications, as well as contractual price increases. Churn of £0.4 million was primarily due to two institutional customers canceling Market Surveillance licenses but signing new multi-year contracts for other KRM22 applications.
With a strengthened cash position, KRM22 plans to invest in sales, marketing, and development to expand its risk management applications and offer multi-asset solutions. CEO Dan Carter emphasized the company’s strong sales pipeline, robust balance sheet, and strategic focus for continued growth in 2026. Audited results for FY2025 are expected in May 2026.