FY25 Full Year Media Release
| Stock | Readytech Holdings Ltd (RDY.ASX) |
|---|---|
| Release Time | 27 Aug 2025, 8:36 a.m. |
| Price Sensitive | Yes |
ReadyTech delivers $15.4m in new business wins
- Total revenue up 7.1% to $121.8 million
- Subscription revenue of $102.7 million, with recurring revenue at 84.3% of total
- New business wins of $15.4 million, with $10.5 million delivered in 2H FY25
ReadyTech Holdings Limited (ASX:RDY), a SaaS provider of cloud-based software to the education, workforce, government and justice sectors, has announced its results for the twelve months ended 30 June 2025 (FY25). The company reported a 7.1% increase in total revenue to $121.8 million, with subscription revenue of $102.7 million, representing 84.3% of total revenue. ReadyTech secured $15.4 million in new business wins, with $10.5 million delivered in the second half of FY25, demonstrating improved momentum. The company's enterprise strategy has been successful, with the average revenue per new customer up 36% to $166.9k. ReadyTech signed major enterprise contracts in FY25 totalling $15.4 million in deal value and has an enterprise pipeline of $33.1 million. The company has made targeted investments in capabilities to support future revenue growth, including in Research & Development and Sales & Marketing. ReadyTech has also advanced seven AI product initiatives in FY25, including the development of its first AI agents, positioning the company to deliver significant productivity gains for customers and anticipating multiple incremental revenue streams as AI-enabled solutions scale.
ReadyTech is projecting FY26 revenue in the range of $132-135 million, with FY27 revenue projected to be in the range of $150-153 million. Cash margins are projected to be mid-teens for FY26, including targeted incremental investment of $2.5 million, expanding to late teens in FY27.
ReadyTech is exceptionally well-positioned to capitalise on the accelerating demand for digital transformation and cloud-based solutions across its target markets. The company's proven track record of delivery, growing customer references, and products that address critical business needs provide confidence in its ability to win an increasing share of large enterprise opportunities.