Quarterly Activities Report
| Stock | Icetana Ltd (ICE.ASX) |
|---|---|
| Release Time | 30 Oct 2025, 8:16 a.m. |
| Price Sensitive | Yes |
icetana AI delivers strongest quarterly growth
- Successful conversion of SoftBank Robotics partnership into annualised recurring revenue growth
- Strongest ever quarterly ARR growth of 21% to $2.3m
- Total quarterly revenue up 22% to $600k
icetana AI, a company building self-learning security AI software, has released its activities report and Appendix 4C for the quarter ended 30 September 2025 (Q1 FY26). The company reported its strongest ever quarter of growth, with a 21% increase in annualised recurring revenue (ARR) to $2.3 million, mostly driven by the previously-announced SoftBank Robotics research & development agreement and SoftBank Robotics' first new sale in the Japanese market, as well as other new customer contracts. On a year-on-year basis, ARR grew 32%. Total quarterly revenue of $600k was up 22% quarter-on-quarter and 29% year-on-year, generated by ARR growth, paid proof-of-concepts and hardware sales. The company also won the small business category award at the West Australian Export Awards in September. During the quarter, icetana AI took the first steps in converting the multi-year strategic partnership with SoftBank Robotics into revenue momentum, with the company's sales and marketing initiatives resulting in new customer orders, deployments of existing orders and contract renewals. The company continued to strengthen its AI-driven video analytics platform, delivering key advancements in integration, performance, and customer usability. At the end of the quarter, the company's cash balance was $2.7 million, down from the previous quarter's $3.9 million.
The company reported annualised recurring revenue (ARR) of $2.3 million as at 30 September 2025, up 21% quarter-on-quarter and 32% year-on-year.
The company looks forward to further traction over the coming quarters, particularly across the APAC region following its new partnership with SoftBank Robotics. The company continues to build momentum through its growing partnership with SoftBank Robotics, supported by the addition of two new APAC Business Development Managers into the team to accelerate pipeline development and deepen partner engagement.