**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)** ยฃ7.6 million, a 19% growth at constant FX rates compared to FY2024 (ยฃ6.6 million). New contracted ARR was ยฃ1.6 million, driven by cross-sales and contractual price increases.
2. **Total Revenue** Approximately ยฃ7.5 million, an 11% increase from FY2024 (ยฃ6.8 million).
3. **Adjusted EBITDA:** ยฃ0.7 milliondown from ยฃ1.0 million in FY2024.
4. **Cash Position** Gross and net cash of ยฃ5.2 million as of December 31, 2025, significantly improved from a net debt of ยฃ3.5 million in FY2024, following a successful ยฃ9.2 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 ยฃ0.4 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 companyโs strong sales pipeline, robust balance sheet, and strategic focus for continued growth in 2026. Audited results for FY2025 are expected in May 2026.
Below is the HTML table code comparing the financials and debt year-on-year for KRM22 PLC based on the provided text:
### Key Notes:
- **ARR Growth**: 19% growth at constant FX rates, from ยฃ6.4m in FY2024 to ยฃ7.6m in FY2025.
- **Revenue Growth**: 11% increase in total revenue recognised, from ยฃ6.8m to ยฃ7.5m.
- **Adjusted EBITDA**: Decreased by 30%, from ยฃ1.0m to ยฃ0.7m.
- **Cash Position**: Significant improvement in gross cash from ยฃ1.0m to ยฃ5.2m, and moved from net debt of ยฃ3.5m to net cash of ยฃ5.2m.
- **Fundraise**: ยฃ9.2m raised in November 2025, enabling the company to become debt-free. This table provides a clear comparison of key financial metrics between FY2024 and FY2025 for KRM22 PLC.