• Revenue grew 6% to $61.3 million
• Adjusted EBITDA increased 6% to $23.3 million
• Net profit after tax rose 4% to $17.0 million
• Annualised recurring revenue (ARR) up 10% to $107.0 million

Objective Corporation Ltd has reported a solid set of financial results for the first half of FY2025. Group revenue grew by 6% to $61.3 million, while adjusted EBITDA increased by 6% to $23.3 million. Net profit after tax rose 4% to $17.0 million. The company's annualised recurring revenue (ARR) balance at 31 December 2024 was up 10% to $107.0 million, with growth across all three of Objective's business lines - Content Solutions, Planning and Building, and Regulatory Solutions. The company continued to invest heavily in R&D, spending $15.1 million, or 30% of software revenue, on product development. Operating cash flow for the half was $12.6 million, with the company's cash balance increasing 26% to $84.3 million. Objective paid a total of $16.1 million in dividends to shareholders during the period. The company remains well-positioned for further growth, with a robust pipeline of opportunities and continued investment in its market-leading products.

Objective is targeting annualised recurring revenue (ARR) growth of 15% for FY2025.

The company is well placed against its targeted ARR growth of 15% and has taken a robust set of advanced opportunities into the second half of the financial year. Objective remains focused on executing against the stronger organic growth options that continue to emerge from its long-term investment in R&D.