• License revenue increased by 2% to $5.9 million
• Recurring revenue continued to represent the vast majority of total revenue
• EBITDA improved by 41% compared to prior period

During the first half of FY2025, Urbanise continued to execute its strategic initiatives, delivering revenue growth in key areas while maintaining disciplined cost and cash management. License revenue increased by 2% to $5.9 million, driven by recurring revenue growth, contributing to a total revenue of $6.3 million, up $35,000 compared to the prior corresponding period. Urbanise secured 19 new contracts during H1 FY2025, contributing $563,000 in ARR from license fees and $214,000 in professional fees. Recurring revenue continued to represent the vast majority of total revenue, demonstrating the resilience of Urbanise's business model. EBITDA improved by $628,000 (41%) compared to the prior period, reflecting revenue growth, cost efficiencies, and a more disciplined approach to expenditure. The company also made meaningful progress in improving cash flow, with disciplined cost management initiatives contributing to stronger cash generation. Urbanise remains focused on further strengthening its market position, with key priorities including strategic partnerships and enhancements to the Strata platform.

Looking ahead, Urbanise expects continued momentum in the second half of FY2025, underpinned by a robust pipeline of opportunities and disciplined financial management. The company is progressing discussions with financial institutions to establish banking service partnerships for Strata, targeting agreement finalisation in the second half of FY2025.