Rosslyn Data Regulatory News (RDT)

19 June 2025

Rosslyn Data Technologies plc

("Rosslyn" or the "Company")

Trading Update

Rosslyn to report strong growth for FY 2025 in line with market expectations

Rosslyn (AIM: RDT), the provider of a leading cloud-based spend intelligence platform, is pleased to provide the following update on trading for the year ended 30 April 2025 ("FY 2025") and the Company's outlook.

In line with market expectations and the Company's last trading update that was announced on 5 March 2025, the Company expects to report revenue growth for FY 2025 of c. 14% to £3.3m (FY 2024: £2.9m) and a significant improvement in adjusted EBITDA loss to £1.7m (FY 2024: £2.5m loss). Furthermore, the Company had cash and cash equivalents of c. £1.7m as at 30 April 2025 (30 April 2024: £0.6m), with cash burn rate significantly reduced to £142k per month (FY 2024: £218k).

The increase in revenue in FY 2025 reflects the contribution from development fees and also growth in professional services fees, the latter being for work undertaken to tailor the Company's solution to align with customers' infrastructure or meet specific additional solution requirements. Development fees are for additional bespoke development performed for the Company's major new client (the "Major New Client") that was won during the first half of FY 2025 and is a leading global technology company and household name.

The improvement in adjusted EBITDA reflects the increased contribution to revenue from professional services and development fees as well as the strategic decision to prioritise quality of revenues and not renew certain low-value or low-margin contracts. It also reflects a reduction in operating expenses due to lower employee-related costs following a restructuring in the prior year and lower rent costs following the closure of the Company's Portsmouth office.

The Company entered the current financial year to 30 April 2026 ("FY 2026") experiencing increased momentum compared with the same time in the prior year, and with a larger total and weighted pipeline. Rosslyn is in advanced negotiations with a number of potential new and existing customers regarding new contracts and is pleased to have already secured a three-year contract, worth £200k of revenue over the term of the contract, with a British train operating company, which is a new customer. With the expected conversion of the Company's pipeline as well as further planned development work for the Major New Client, the Company expects its monthly cash burn rate to be further reduced significantly over the course of the first half of FY 2026 and for it to become cash generative on a monthly basis by the end of FY 2026.

As previously announced, the Board has been prioritising sustainable growth, and it continues to do so. One of the outcomes from prioritising quality of revenues has been the Company's pipeline including customer profiles that are moving up the size spectrum. Commensurate with this, the timeline for conversion of some of these opportunities has taken longer than initially anticipated, including the rollout to other departments of the Major New Customer, and this is expected to continue into FY 2026.

Notwithstanding the impact on the Company's short-term growth rate, the Board believes that this approach will enable Rosslyn to generate maximum value for shareholders in the medium- to long-term. Accordingly, and with the Company having a clear path to delivering positive and sustainable growth for FY 2026, the Board looks to the future with confidence.

The Company will provide further detail in its full year results announcement.

Enquiries

About Rosslyn

Rosslyn (AIM: RDT) provides an award-winning spend intelligence and predictive analytics platform. The Rosslyn Platform helps organizations with diverse supply chains mitigate risk and make informed strategic decisions. It leverages automated workflows, artificial intelligence and machine learning to extract and consolidate procurement data providing visibility of complex supplier data, enabling supplier spend savings and delivering rapid ROI. For more information visit www.rosslyn.ai. Investors wishing to contact the Company should email investors@rosslyn.ai.