• 48% growth in annual subscription revenue exit run rate
• Continued strong ARR growth expected in FY26
• Received unsolicited acquisition offer at NZ$1 per share

IKE Group Limited (IKE) has released a performance update for the recent quarter and 12-month period to 31 March 2025. Key highlights include:- Exit run rate of annual platform subscription revenue grew to NZ$17.6m (+48% vs pcp)- Total recognized revenue in the period of NZ$25.2m (+19% vs pcp), with recognized revenue in Q4 of NZ$6.6m- Subscription revenue of NZ$14.4m (+34% vs pcp), transaction revenue of NZ$7.6m (+3% vs pcp), and hardware and other services revenue of NZ$3.2m (+5% vs pcp)- Gross margin of NZ$17.4m (+37% vs pcp), with gross margin in Q4 of NZ$4.8m- Gross margin percentage of 69% (up from pcp of 60%), driven by revenue mix continuing to shift to high margin subscription software products- Total cash and net receivables grew +NZ$1.8m in the quarter to NZ$15.4mThe company also received an unsolicited, non-binding acquisition approach at NZ$1 per share, or ~NZ$165-170m enterprise value. However, the IKE Board determined that the proposal had no realistic chance of securing sufficient shareholder support and ceased discussions.Looking ahead, IKE expects its ARR to continue to increase very strongly at growth levels of 35% or greater in FY26.

IKE expects its ARR to continue to increase very strongly at growth levels of 35% or greater in FY26.

Macro-market tailwinds in North America remain highly supportive of IKE's business and are expected to drive growth over the coming decades. The company's North American-based team continues to capitalize on significant sales opportunities.