• 47% growth in exit run rate of subscription revenue vs pcp
• Reiteration of FY26 guidance for ~35% or greater growth in platform subscription revenue and EBITDA breakeven
• Launch of AI-driven PolePilot capability to automate utility pole analysis workflows

ikeGPS Group Limited (IKE) reported a strong performance for the six-months to 30 September 2025. The key highlights include: 47% growth in the exit run rate (ERR) of platform subscription revenue to ~NZ$19.4m annualized; 35% growth in recognized platform subscription revenue to ~NZ$8.8m; 5% growth in total revenue to ~NZ$12.8m; 18% growth in gross margin to ~NZ$9.6m; and gross margin percentage increasing to ~75% (up from 67% in the prior corresponding period). IKE reiterated its FY26 guidance for ~35% or greater growth in platform subscription revenue and EBITDA breakeven on a run-rate basis within 2H26. The company also launched PolePilot, a breakthrough AI-driven product capability that automates complex engineering workflows for utility pole analysis, delivering significant productivity gains for customers. IKE's balance sheet remains strong with ~NZ$34m in cash and no debt, providing ample liquidity to execute the product roadmap and market development. The company also completed a significantly oversubscribed A$24 million capital raise to accelerate growth initiatives. Overall, IKE is well-positioned to deliver sustained growth and capture an increasing share of the large and growing market for electric utility infrastructure software solutions.

IKE reiterated its 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 favourable market dynamics, IKE is well positioned to deliver sustained growth and capture an increasing share of the large and growing market for electric utility infrastructure software solutions.