• Revenue up 9.8% to $112m, with Utilities revenue up 7.2% and Veovo revenue up 24%
• EBITDA at $13m, up 5.1% with higher investment in Sales and Product
• NPAT up 34.7% to $7.2m, benefiting from lower effective tax rate and forex gains

Gentrack Group Ltd reported strong financial results for the half year ended 31 March 2025 (HY25). Revenue grew 9.8% to $112m, with Utilities revenue up 7.2% to $92.8m and Veovo revenue up 24% to $19.2m. EBITDA increased 5.1% to $13m, reflecting higher investment in Sales and Product to support the company's high levels of sales activity. NPAT was up 34.7% to $7.2m, benefiting from a lower effective tax rate (from income tax treatment of long-term incentives) and forex gains on intercompany loans. The company's cash balance at the end of the period was $70.7m, around $4m higher than the start of the year. Gentrack expects revenue for FY25 to be at or above $230m, with an EBITDA margin above 12%. The company remains confident of its mid-term guidance of growing revenue more than 15% CAGR and an EBITDA margin of 15-20% after expensing all development costs.

For FY25, Gentrack expects revenue to be at or above $230m and its EBITDA margin to be above 12%.

Gentrack remains confident of its mid-term guidance of growing revenue more than 15% CAGR and an EBITDA margin of 15-20% after expensing all development costs.