• Revenue growth of 8% to $230.2m, results in line with guidance
• Utilities revenue up 7%, with recurring revenue 12% higher
• Veovo revenue 15% higher, including 18% growth in recurring revenues

Gentrack Group Ltd reported FY25 results with revenue growth of 8% to $230.2m, in line with guidance. Utilities revenue grew 7%, with recurring revenue up 12% from prior period wins and upsells, partially offset by lower non-recurring revenues. Veovo revenue increased 15% (or 30% excluding hardware sales), including 18% growth in recurring revenues and continued strong levels of project work. EBITDA was $27.8m (up 18%) with EBITDA margin up 1% to 12%. NPAT more than doubled to $20.9m, benefiting from a credit to tax and forex gains. The company continues to generate strong cash flow, with a cash balance of $84.8m. Gentrack is confident of higher revenue growth in FY26 than FY25, based on a strong and growing pipeline across EMEA and APAC, and is reiterating its medium-term guidance of growing revenue more than 15% CAGR and an EBITDA margin of 15-20% after expensing all development costs.

For FY26, Gentrack expects recurring revenues to grow around 10% and is targeting revenue growth of more than 15% CAGR, with an EBITDA margin of 15-20% after expensing all development costs.

Gentrack is confident of higher revenue growth in FY26 than FY25, based on a strong and growing pipeline across EMEA and APAC. The company remains confident of its medium-term guidance of growing revenue more than 15% CAGR and an EBITDA margin of 15-20% after expensing all development costs.