• Significant increase in Total Contract Value with several new material contracts awarded
• Growth supplemented by expansion and extensions of existing major contracts
• International growth in key target markets (North America, UK, NZ) gaining momentum
• Product innovation and enhancement strategy opening new opportunities for future growth

Acusensus, a leading provider of road safety enforcement solutions, has reported its financial results for the first half of FY25. The company has made significant progress across its core growth strategies, securing new contracts and expanding existing ones. The Total Contract Value increased by 36% to $278 million, with several new material contracts awarded, including a Western Australia multi-function trailer-based enforcement contract worth $9.4 million and a nationwide New Zealand mobile speed camera enforcement program worth up to NZ$92 million. Growth was also supplemented by the extension and expansion of existing major contracts, such as the NSW mobile speed camera contract and the Queensland mobile phone and seatbelt contract. Acusensus is also gaining momentum in its international growth, with 46% year-on-year increase in international revenues, which now contribute 7% to the group's total revenues. The company has secured three long-term contracts for real-time enforcement in the US and its first long-term contract for distracted driving and seatbelt enforcement in the UK. Additionally, Acusensus has established a presence in the New Zealand market with the award of the New Zealand speed camera contract. The company's product innovation and enhancement strategy is also opening new opportunities for future growth, with the signing of a long-term contract for the rollout of worker safety technology at selected Fulton Hogan sites and the pilot of railway level crossing safety cameras in Queensland. Financially, Acusensus reported a 16% increase in revenue to $28.8 million, a 230bps expansion in gross margins to 47.3%, and an 8% growth in EBITDA (pre-SBP) to $3.4 million.

Acusensus expects the New Zealand speed enforcement program to commence initial deployments in the second half of FY25 and gradually increase towards full operational capacity during FY26, with an estimated contract value of up to NZ$92 million over the first five years.

Acusensus is well-positioned for continued growth, with a strong pipeline of new contract opportunities and a focus on expanding its international presence, driving product innovation, and enhancing its existing solutions to address the critical road safety issues of distracted driving, speeding, seatbelt compliance, and impaired driving.