• Group 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 (ASX:OCL) announced its first-half financial year 2025 (1HY2025) results. Group revenue grew by 6% to $61.3 million, up from $57.8 million in 1HY2024. Adjusted EBITDA increased by 6% to $23.3 million, compared to $22.0 million in the prior corresponding period. Net profit after tax rose 4% to $17.0 million, up from $16.4 million in 1HY2024. The Annualised Recurring Revenue (ARR) balance at 31 December 2024 increased by 10% to $107.0 million, compared to $97.5 million at 31 December 2023. The company's Content Solutions ARR increased by 8% to $77.0 million, Planning and Building ARR grew 7% to $13.9 million, and Regulatory Solutions ARR rose 22% to $16.1 million. Objective invested $15.1 million in Research & Development (R&D) in 1HY2025, an increase of 7% over the $14.1 million invested in the prior corresponding period, representing 30% of software revenue. Operating cash flow in 1HY2025 was $12.6 million, compared to $16.3 million in 1HY2024. The company's cash balance at 31 December 2024 was $84.3 million, an increase of 26% over the $67.1 million balance at 31 December 2023. Objective paid a total of $16.1 million in dividends to shareholders in 1HY2025, up from $12.8 million in the prior corresponding period.

Objective Corporation has set a targeted Annualised Recurring Revenue (ARR) growth of 15% for the full financial year 2025.

Objective Corporation's CEO, Mr. Tony Walls, stated that 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. The company continues to invest in its sales capability, expand its funnel of opportunities, and sustain its investment levels in R&D to refine its market-leading products and capitalize on significant opportunities ahead.