Investor Presentation
Stock | Reckon Ltd (RKN.ASX) |
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Release Time | 5 Aug 2025, 8:27 a.m. |
Price Sensitive | Yes |
Reckon Ltd Reports Strong H1 2025 Results
- $33M in revenue, $14M EBITDA, $4M NPAT in H1 2025
- 18% subscription revenue growth for Legal Group, 26% Reckon One revenue growth
- Consistent 2.5 cents annual dividend, clean balance sheet with $4.8M net debt
Reckon Ltd, a software-as-a-service (SaaS) company, has reported strong financial results for the first half of 2025. The company generated revenue of $33M, EBITDA of $14M, and NPAT of $4M, representing growth of 16%, 21%, and 35% respectively over the prior corresponding period. The company's two key business segments, Accounting and Payroll Solutions for SMEs and Practice Management and Workflow for Legal Firms, both performed well. The Accounting and Payroll Solutions for SMEs business saw cloud revenue growth of 8% and a 26% increase in Reckon One revenue. The company also completed the strategic acquisition of Cashflow Manager, adding 20,000 new SME clients. In the Legal Group, the company reported 18% subscription revenue growth and continued investment in its cloud-based Billing Workflows solutions. Reckon maintained a clean balance sheet with $4.8M in net debt as of 30 June 2025 and a $25M bank facility. The company also declared a consistent 2.5 cents annual dividend to be paid in September 2025.
Reckon Ltd reported revenue of $33M, EBITDA of $14M, and NPAT of $4M for the first half of the 2025 financial year.