• Aligns accounting policy with AASB 15 Revenue from Contracts with Customers
• Reflects ongoing obligation to deliver services and support throughout subscription period
• Restates FY25 comparative figures, impacting revenue, costs, and contract assets/liabilities

Jcurve Solutions Ltd (ASX: JCS) has announced a change to its revenue recognition policy for Jcurve ERP subscription licenses. After reviewing the contractual terms and associated performance obligations, the Group has determined that revenue for these products should be recognised over time, reflecting the ongoing obligation to deliver services and support throughout the subscription period. Historically, revenue from these products was recognised at a point in time when the license was granted to the customer. This change aligns the Group's accounting policy with the guidance in AASB 15 Revenue from Contracts with Customers and reflects the substance of the underlying performance obligations in customer contracts. The impact of this change has resulted in a restatement of the Group's FY25 comparative figures, with increases in revenue, cost of revenue, and normalised EBITDA, as well as increases in current and non-current contract assets and liabilities. The company states that this change is part of its business transformation and will provide greater transparency as it accelerates the contribution to its recurring revenue mix from Jcurve owned products.