• SaaS+ Delivers Profit growth 33% to $81.9m (NPBT)
• ARR growth driven by SaaS+ Up 21% to $511.1m
• ARR exceeds $500 million in the half - 18 months ahead of schedule

TechnologyOne Ltd reported a strong set of H1 FY25 results, with profit growth of 33% to $81.9m (NPBT) and ARR growth of 21% to $511.1m, exceeding $500m 18 months ahead of schedule. The company's SaaS+ strategy continues to drive growth, with SaaS & Recurring Revenue up 19% to $265m. The UK market also performed well, with UK ARR up 50% to $43.1m and UK sales ARR up 61% to $4.3m. The company remains focused on R&D investment, with $68.8m spent in H1 FY25, up 21% on the prior period, to drive future growth through initiatives like AI, DxP, ERP in 30, and Solution as a Service. The balance sheet remains strong, with no debt and significant cash holdings. The interim dividend was increased by 30% to 6.60 cps, reflecting the strong profit performance. Looking ahead, TechnologyOne has provided FY25 profit guidance of 13-17% growth, underpinned by continued strong ARR growth.

TechnologyOne has provided FY25 profit guidance of 13-17% growth, underpinned by continued strong ARR growth.

TechnologyOne is targeting $1B+ ARR by FY30, with profit before tax margin expansion to 35%+ in the long-term. The company will continue to double in size every 5 years, leveraging its $13.5B total addressable market and multiple platforms for growth.