• Record first half profit, revenue, and SaaS fees for 16th consecutive year
• SaaS+ offering fueling growth, delivering faster time to value for customers
• Significant customer wins, particularly in local government and education sectors

TechnologyOne (ASX: TNE), Australia's largest ERP Software as a Service (SaaS) company and the world's first SaaS+ company, has announced its financial results for the half year ended 31 March 2025, showing record first half profit, revenue, and SaaS fees for the 16th consecutive year. Key results include a 33% increase in Profit Before Tax to $81.9m, a 21% increase in Total Annual Recurring Revenue (ARR) to $511.1m, and a 19% increase in Total Revenue to $291.3m. The company's SaaS+ offering, which combines its vertical-specific and mission-critical SaaS ERP and implementation in a single fee, is fueling this growth and enabling faster time to value for customers. TechnologyOne secured significant customer wins in the first half, particularly in the local government and education sectors, including its first London Borough council in the UK. The company's Net Revenue Retention of 118% and low churn of 0.3% demonstrate the value customers see in its SaaS ERP solutions. TechnologyOne has stepped up its profit growth guidance for FY25 to 13%-17%, underpinned by strong ARR growth. The company is well-positioned to continue its strong growth trajectory, with a focus on expanding its SaaS+ offering, investing in R&D, and growing its UK business.

TechnologyOne has stepped up its Net Profit Before Tax growth guidance for FY25 to 13% to 17% growth from FY24.

TechnologyOne expects to see its ARR continuing to grow strongly over the full year, and sees significant growth opportunities in the coming years driven by its global SaaS+ ERP solution, increased product adoption by existing customers, new customers, and global expansion. The company is on track to double its business again and surpass total ARR of $1 billion by FY30, from its current base of $511 million.