• Revenue up 9.8% to $112m, with recurring revenues up 16.7%
• EBITDA up 5.1% to $13m, with investment in product and sales
• Statutory NPAT up 34.7% to $7.2m

Gentrack Group Ltd, a leading provider of software solutions for utilities and airports, today released its results for the half-year to 31 March 2025. Revenue increased 9.8% over the prior period to $112m, with the Group's recurring revenues growing strongly by 16.7% to $76.4m. EBITDA was $13m, up 5.1% on H1 24, as the company invested more in sales and product development, including the first deployment of its g2.0 platform. Statutory NPAT increased 34.7% to $7.2m, with the company benefiting from foreign exchange gains and a lower effective tax rate. The company's Utilities and Veovo businesses both saw growth, with Veovo's revenues increasing 24% to $19.2m. Gentrack continues to generate strong cash flow, with $70.7m in cash as of 31 March 2025, up $4m since the start of the year. The company has decided not to pay a dividend, instead focusing on investing in growth opportunities. Gentrack has signed several new customer contracts and renewals across its Utilities and Veovo businesses, and is excited about the potential of its g2.0 platform and AI/ML capabilities.

For FY25, Gentrack expects revenue to be at or above $230m and its EBITDA margin to be above 12%. The company remains confident in its mid-term guidance of growing revenue more than 15% CAGR and an EBITDA margin of 15-20% after expensing all development costs.

Gentrack sees strong growth potential in its core markets, with utilities and airports continuing to transform at a rapid pace. The company is focused on expanding into Asia, the Middle East, and Europe, building on its early wins and maturing pipeline.