Shares in Craneware PLC (AIM:CRW) climbed 6% in early trading before dropping into the red after hospital admin software provider reported a strong set of results for the year to June, delivering growth across all key financial metrics as it continues to expand its footprint in the US healthcare market.
Revenue rose 9% to $205.7 million for the year ended 30 June 2025, while annual recurring revenue climbed 7% to $184 million, helped by improving net revenue retention.
Adjusted EBITDA increased 12% to $65.3 million, lifting margins to 32%, while statutory profit before tax jumped 52% to $24 million.
The dividend will be lifted 10% to a total of 32p for the year, thanks to a stronger cash position of $55.9 million, accompanied by a further reduction in bank debt to $27.7 million.
Post year-end, Craneware secured a new $100 million revolving credit facility on improved terms, with an additional $100 million accordion option.
Operationally, Craneware highlighted strong customer retention rates above 90% and the continued transition of its Trisus platform revenues to recurring models.
The shares rose to 2,411p in initial trades, before dropping into the red at 2,250p, down 20p from its last close.