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Craneware PLC on Tuesday said it expects to report increased revenue and earnings growth for its first half, and is on track for double-digit growth in its short-term future. However, shares in Craneware were down 6.4% at 1,765.00 pence late on Tuesday morning in London. The Edinburgh, Scotland-based software solutions provider said it delivered ‘a strong performance’, with revenue of around $106 million for the six months ended December 31, up 6% from $100 million the previous year. Craneware also expects to report ‘double-digit growth’ in adjusted earnings before interest, tax, depreciation and amortisation to approximately $33.4 million from $30.3 million. Furthermore, Craneware said annual recurring revenue ‘so far’ has increased by around 4% to around $184.3 million from $177.3 million, ‘with continued sales and net revenue retention above 100%’. The company said it has used continued high levels of operating cash conversion to invest in its product portfolio, reduce debt and interest costs. Bank debt totalled $23.4 million as of December 31, down from $31.6 million one year prior, and total cash reserves remain ‘healthy’ at $71.2 million, down from $72.2 million. Craneware stated: ‘Against a backdrop of global economic uncertainty, Craneware has maintained momentum through ongoing investment in innovation, operational efficiency, and disciplined cost management. ‘The group’s ability to navigate macroeconomic challenges underscores the resilience of its business model and strength of customer relationships.’ Looking ahead, Craneware ‘continues to trade in line with current market expectations’ for the 12 months ending June 30. Additionally, it ‘is on track to deliver double-digit growth in the near term, supported by a robust pipeline, favourable market conditions, and strategic initiatives that position the company for sustainable expansion.’ ‘We are pleased to have delivered another healthy first half performance,’ commented Chief Executive Officer Keith Neilson, ‘which combined with the strength of our recurring revenue model provides confidence in near-term, sustainable double-digit growth, as customers increase their use of our Trisus platform and platform partner offerings.’ He continued: ‘With continued sales successes, ARR growth and continued strong cash generation, we are well positioned to leverage our strategic position as a powerful source of independent data and insights at the heart of the US healthcare market. ‘We look to the future with confidence.’ Copyright 2026 Alliance News Ltd. All Rights Reserved.
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