• 47% YoY growth in annualized exit run rate of platform subscription revenue
• 35% YoY growth in year-to-date platform subscription revenue
• EBITDA breakeven on a run-rate basis expected within 2H FY26

ikeGPS Group Ltd, a leading provider of software solutions for the distribution grid and overhead infrastructure, has reported a strong performance in the first half of fiscal year 2026 (1H FY26). The company's key highlights include:- 47% year-over-year (YoY) growth in the annualized exit run rate (ERR) of platform subscription revenue, reaching approximately NZ$19.4 million.- 35% YoY growth in year-to-date (YTD) recognized platform subscription revenue, which reached NZ$8.8 million.- YTD total revenue of NZ$12.8 million, a 5% increase compared to the prior calendar period (pcp).- Gross margin percentage increased to approximately 75%, up from 67% in the pcp.- Cash operating expenses remained materially flat compared to the pcp.- The company completed an oversubscribed NZ$26 million capital raise during the quarter and was elevated to the ASX All Ordinaries Index.ikeGPS also reiterated its FY26 guidance, which includes approximately 35% or greater growth in platform subscription revenue and EBITDA breakeven on a run-rate basis within the 2H FY26.The company's strong performance was driven by continued growth in platform subscription customers, increased seat licenses, and the successful sell-through of the IKE PoleForeman product. While the lower-margin services business faced some headwinds related to changes in U.S. government policy on rural fiber funding, the company's focus on high-margin subscription revenue has resulted in approximately 90% of total YTD revenue coming from recurring and re-occurring sources.

ikeGPS has reiterated its FY26 guidance, which includes:- Approximately 35% or greater growth in platform subscription revenue- EBITDA breakeven on a run-rate basis within the 2H FY26

ikeGPS is well-positioned to capitalize on the significant market opportunity in North America, driven by the aging infrastructure crisis, the need for grid modernization, and the expansion of fiber and 5G networks. The company's comprehensive solutions, trusted by leading utilities and communications companies, are expected to drive further growth and expansion in the coming years.