• Record recurring revenue as % of total revenue in 1HY25
• Profitable growth, in line with strategic plan
• Path to 15% ARR growth target through business line expansion

Objective Corporation Ltd reported its financial results for the first half of FY2025, highlighting strong performance across key metrics. Revenue grew 6% to $61 million, annualized recurring revenue (ARR) increased 10% to $107 million, and adjusted EBITDA rose 6% to $23 million compared to the prior year period. The company's transition to a subscription-based revenue model continued, with recurring revenue now accounting for a record 84% of total revenue in 1HY25. Objective maintained its significant investment in R&D, which represented 30% of software revenue. The company is progressing towards its 15% ARR growth target through expansion across its three business lines - Content Solutions, Planning & Building, and Regulatory Solutions. Key highlights include the successful migration of customers to the Objective Nexus platform, growing traction for Objective 3Sixty in North America, and strong demand for Objective RegWorks in Australia, New Zealand, and the emerging UK market. Objective is also leveraging AI capabilities across its product suite to drive innovation and enhance customer value. The company remains focused on executing its strategic plan, which includes efficiently scaling the business, delighting customers, and investing in its people to maintain its position as a leading provider of GovTech solutions.

Objective Corporation Ltd is targeting 15% ARR growth for FY2025.

Objective Corporation Ltd is focused on achieving its 15% ARR growth target for FY2025 through a balanced approach of investment in product innovation, geographic expansion, and operational efficiency. The company will continue to expand the use cases for its Objective Intelligence AI capabilities across its product portfolio to drive further customer value.