• FY25 was challenging due to a key customer delaying their works program, impacting revenue and profitability
• However, the company has diversified its customer base and reduced concentration risk
• The Transport Technology division delivered strong EBITDA growth and signed 11 new contracts

Orcoda Ltd reported a challenging FY25, with a key customer of the The Betta Group (TBG) delaying their works program to FY26, impacting revenue and profitability in the Resource & Infrastructure division. However, the company is now back on track, with two new contracts signed with that customer worth $3 million for the first quarter of FY26. The delay in work proved a blessing in disguise, prompting Orcoda to diversify its customer base and significantly reduce customer concentration risk. The Resource & Infrastructure division successfully onboarded three major new customers: EQL (Energex, Ergon, Yurika), Queensland Rail, and EPC Solutions. The Transport Technology division signed 11 new contracts during and resulting from the ACTA trial, taking Annual Recurring Revenue (ARR) to circa $5 million. The Transport Technology division delivered $2 million EBITDA for FY25, up 11% on the previous year, while the Future Fleet division delivered $633,000 EBITDA, up 25% on the previous year. Orcoda strengthened its sales team by adding five top-tier sales professionals, including a new C-suite executive, and rebranded its AI proprietary software as Transport360 and Contractor360, also upgrading its website to improve its market presence. Looking ahead, the Resource & Infrastructure division now holds $5.4 million in work for the first quarter of FY26, with a strong pipeline ahead. The Transport Technology division anticipates significant ARR growth from new customer sign-ups driven by the ACTA trial. Overall, Orcoda is optimistic about growth prospects for the year ahead and has renewed its rolling five-year Strategic Plan.

The Resource & Infrastructure division now holds $5.4 million in work for the first quarter of FY26, with a strong pipeline ahead. The Transport Technology division anticipates significant ARR growth from new customer sign-ups driven by the ACTA trial.

Orcoda is optimistic about growth prospects for the year ahead and has renewed its rolling five-year Strategic Plan. The board is confident that the updated plan will guide Orcoda through its next phase of long-term growth.