• Record Annual Recurring Revenue run rate of $9.8m
• Launch of new Libero library app and Libero 6 Library Management System
• Positive operating cash flow of $0.5m for the quarter

Knosys Ltd delivered strong cash receipts of $3.2m in Q3 FY25, supported by the annual billing cycle of major enterprise clients and solid underlying operations. The company's Annual Recurring Revenue run rate reached a record high of $9.8m, underpinned by client retention, including several large enterprise contract renewals, and new customer acquisitions. In the quarter, Knosys strengthened its library business with the successful launch of the Libero mobile library app and the upgrade of the Libero 6 Library Management System (LMS). These new products are currently under consideration in a number of live tenders. The company also increased investment in R&D and staff costs to accelerate the development of its next-generation library-tech solutions, including AI-enabled capabilities. Knosys generated positive operating cash flow of $0.5m for the quarter, with a cash balance of $3.9m at 31 March 2025.

Knosys will continue to invest in AI-enabled library solutions and progress its product pipeline, with commercial revenue from these initiatives expected from FY26 onwards.