• Revenue growth of 16%, EBITDA growth of 21%, and NPAT growth of 35%
• Cashflow Manager integration completed, Legal Group subscription revenue up 18%
• Reckon One cloud-based product driving 26% revenue improvement in Business Group

Reckon Limited ('Reckon' or the 'Company') (ASX: RKN) is pleased to report that it has delivered impressive growth across revenue, EBITDA and NPAT. The acquisition of Cashflow Manager in January 2025 supplemented the solid organic growth in the Business Group, and the Legal Group delivered subscription revenue growth of 18% over HY24 with a doubling of subscription revenue for the Billing Workflows product lines. Reckon One, the Business Group's proprietary cloud-based product, underpinned the Business Group's growth producing a 26% improvement in revenue over the prior period and proving the Company's strategy of continued investment in Reckon One and its mobile-based products while managing the transition of its legacy product customers to Reckon One. Group revenue was $33.0m, up 16% on the previous corresponding period (PcP) and up 5% excluding the contribution from the acquisition of Cashflow Manager. EBITDA during H1 was $14.1m, up 21% on the PcP (up 8% excluding the contribution from the acquisition of Cashflow Manager). Group Net Profit After Tax (NPAT) was $4.2m, up 35% on the PcP (up12% excluding the contribution from the acquisition of Cashflow Manager). Cloud-based subscription revenue for the Business Group grew by 8% compared to HY24 to $14.0m. Reckon One contributed $4.4m to total cloud-based subscription revenue compared to $3.5m for HY24. Subscription revenue growth for the Legal Group was 18% (13% in constant currency). nQ Zebraworks continued to pursue topline growth for its product lines in the lucrative US legal market, with the focus on the Billing Workflows products.

The Company declared a 2.5 cent fully franked dividend for the half, payable on 2 September 2025. For the foreseeable future, the Board anticipates paying one dividend annually following the half year.

Reckon Group CEO, Mr Sam Allert said: 'We are very pleased with our first half results, as we continue with our plan to generate stable cash flows from our well-established Business Group, providing us the flexibility to invest in high growth opportunities such as nQ Zebraworks, our US and UK focused Legal Group, as well as the continued investment in our Reckon One cloud-based products.'