Annual Results for the year ended 30 September 2025
| Stock | Gentrack Group Ltd (GTK.ASX) |
|---|---|
| Release Time | 24 Nov 2025, 7:30 a.m. |
| Price Sensitive | Yes |
Gentrack Group Ltd reports strong FY25 results
- Revenue up 8% to $230.2m, with recurring revenue up 13%
- EBITDA up 18% to $27.8m, with all R&D and g2.0 investment costs expensed
- Statutory NPAT up 119% to $20.9m
Gentrack Group Ltd, a leading provider of software solutions for utilities and airports, has reported strong financial results for the full-year ended 30 September 2025. Revenue increased 8% to $230.2m, with the Group's recurring revenues 13% higher at $155.4m. EBITDA was up 18% to $27.8m, with all R&D and g2.0 investment costs expensed. Statutory NPAT increased 119% to $20.9m. The Group's cash position also improved, with $84.8m at the end of the year, a $18.1m increase over FY24. Gentrack's Utilities and Veovo businesses both operate in high growth and consolidating markets, and the company continues to see new opportunities for more water and energy customer wins across its core markets. Gentrack's track record of successful transformations is a core strength, with the company helping customers navigate complex industry changes such as the UK's Market-Wide Half-Hourly Settlement (MHHS) programme. Veovo's growth story has continued, driven by airports investing in digital transformation, with major expansions within existing customers, new customer wins, and the signing of a long-term contract with NAV CANADA. Looking forward, Gentrack is confident in its ability to lead its markets globally, with revenue growth expected to be higher in FY26 than in FY25, and the company reiterating its mid-term guidance of growing revenue more than 15% CAGR and an EBITDA margin of 15-20% after expensing all development costs.
For FY25, the company reported revenue of $230m at a 12% EBITDA margin. For FY26, the company expects revenue growth to be higher than in FY25, but it is too early to provide further guidance. The company's mid-term guidance is to grow revenue more than 15% CAGR and achieve an EBITDA margin of 15-20% after expensing all development costs.
Gentrack is confident in its ability to lead the utilities and airports industries globally over time, with strong and growing engagement across EMEA and APAC, a proven track record, and significant market potential.