• Significant growth in Annual Recurring Revenue (ARR) of 178% in FY25
• 9 new enterprise contract customers added during FY25
• Gathid won the AISA 2024 Cyber Security Award in the Start-up of the Year category

In FY25, Gathid continued to develop its solution, commercialize the Gathid software platform, and grow the customer base. The company saw significant growth in Annual Recurring Revenue (ARR) of approximately 178% compared to the previous financial year, reflecting positive progress. Gathid added a total of 9 new enterprise contract customers during FY25 and won the Australian Information Security Association (AISA) 2024 Cyber Security Award in the Start-up of the Year category. While the business invested in increased costs during FY25, the total expenditure for the year was lower than budgeted. At the end of the first quarter of FY26, the company had a cash & cash equivalents balance of $4.56m and ARR of $1.679m, down from $1.936m at the end of FY25. This reduction in ARR was due to two customers outside Gathid's Ideal Customer Profile (ICP) not renewing their subscriptions, and the company making a strategic decision not to renew a third engagement. However, the Board is satisfied that Gathid is well positioned to take advantage of the market opportunity, with a growing sales pipeline and greater brand awareness as it enters the new financial year. The company continues to work on the completion of the sale of the Physical Security related products to Bloom, which has been outlined in previous market releases. The Directors and management are exploring all options to ensure a satisfactory resolution for Gathid shareholders, but are currently unable to provide a specific timeframe for completion.

The company expects to grow Annual Recurring Revenue (ARR) again in FY26, but the exact rate will depend on the timing of project commencements and partner activity. The focus remains on managing costs responsibly and maintaining sufficient cash to support operations and growth.

Gathid is scaling in a measured way, building capability and readiness for larger growth ahead. The company is launching and capitalizing on its V2 platform, enabling its channel partners, and working on projects that continue to prove the real-world impact of its identity graph. Gathid is also laying the groundwork for future product enhancements, including expanded AI-driven analytics, new graph-based approaches to managing access and entitlements, and improved automation features.