• Exit run rate of platform subscription revenue up 47% vs pcp
• Reiteration of FY26 guidance for ~35% or greater growth in platform subscription revenue and EBITDA breakeven
• Launch of AI-driven PolePilot™ capability within IKE Office Pro product

ikeGPS Group Limited (IKE) has provided a performance update for the six-months to 30 September 2025, reporting another strong period of growth. The company's exit run rate (ERR) of platform subscription revenue reached ~NZ$19.4m annualized, up 47% versus the prior corresponding period (pcp). Recognized platform subscription revenue grew 35% to ~NZ$8.8m. Total revenue was ~NZ$12.8m, up 5% versus pcp, with the lower margin services revenue component down due to volatility in the fibre communications market, which is expected to rebound. Gross margin increased to ~75%, up from 67% in the pcp, demonstrating the operating leverage in ikeGPS's software business model. The company reiterated its FY26 guidance for ~35% or greater growth in platform subscription revenue and EBITDA breakeven on a run-rate basis within 2H26. During the quarter, ikeGPS launched PolePilot™, a breakthrough AI-driven product capability that automates complex engineering workflows for utility pole analysis, driving significant productivity gains for customers. The company also completed a significantly oversubscribed NZ$26 million capital raise to accelerate growth initiatives, including investment in next-generation platform capabilities, sales and marketing, and customer success. With a strong balance sheet, leading product capabilities, and favorable market dynamics, ikeGPS is well-positioned to deliver sustained growth and capture an increasing share of the large and growing market for electric utility infrastructure software solutions.

FY26 guidance for ~35% or greater growth in platform subscription revenue and EBITDA breakeven on a run-rate basis within 2H26.

With a strong balance sheet, leading product capabilities, an experienced and capable team, and favorable market dynamics, ikeGPS is well positioned to deliver sustained growth and capture an increasing share of the large and growing market for electric utility infrastructure software solutions.