12th Jan 2026 15:24
(Alliance News) - Corero Network Security PLC shares jumped on Monday as it said it expects to report earnings ahead of guidance for 2025.
Shares in Corero Network Security were up 15% at 11.51 pence on Monday afternoon in London.
The London-based cybersecurity firm specialising in distributed denial of service protection said it delivered a "solid performance" in 2025, supported by strong trading in the second half.
Annual recurring revenue increased by 23% to USD23.9 million from USD19.5 million, while order intake rose 20% to USD33.8 million from USD28.2 million.
Revenue increased by 3.7% to around USD25.5 million from USD24.6 million, Corero Network Security said.
The firm said strong demand in the second half overcame external headwinds faced in the first quarter of 2025.
Earnings before interest, tax, depreciation and amortisation is expected to exceed USD1.3 million, down from USD2.5 million a year prior.
This is a "significant improvement" over the first half of the year, due to an increase in second half revenue and "actions taken to realign the cost base".
"We are pleased to have generated solid growth in H2 2025 with the business generating strong sales momentum across the second half of the year. 2025 was a transitional year with the business moving to a recurring subscription-based sales model," said Chief Executive Officer Carl Herberger.
"As we continue to innovate and enhance our product portfolio to deploy market-leading solutions to our global customer base, Corero is well positioned to deliver increased recurring revenues and profitable growth in 2026 and beyond."
By Michael Hennessey, Alliance News reporter
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