• ACV crosses US$100M milestone, driven by 19% YoY growth
• SaaS revenue now 94% of total revenue, with 20% YoY growth
• Incremental profit margin of 65%, exceeding 30% target

Catapult Group International Ltd reported a milestone year in FY25, with strong financial performance underpinned by a robust SaaS engine. The company's Annualized Contract Value (ACV) crossed the US$100M mark, driven by 19% year-over-year growth on a constant currency basis. This growth was fueled by strong performance across both the Performance & Health and Tactics & Coaching verticals, with the new Video Solutions segment also contributing positively. Catapult's SaaS revenue now accounts for 94% of total revenue, growing 20% year-over-year. The company also delivered exceptional profitability, with an incremental profit margin of 65% - well above its 30% target. This was achieved through continued improvements in operational efficiency, with variable costs declining as a percentage of revenue. Catapult's fixed costs also grew at a slower pace than revenue, resulting in a 5 percentage point improvement in fixed costs as a percentage of revenue. The company's strong SaaS performance, including high ACV retention, expanding ACV per pro team, and growing multi-vertical pro teams, provides confidence in future revenue growth.

Catapult expects to maintain its focus on profitable growth, targeting a 'Rule of 40' metric (the sum of annual ACV growth percentage on a constant currency basis and Management EBITDA margin) of 25% as the company scales its business.