• Revenue of $19.3m, in line with full-year guidance
• Gross Margin of 66%, remaining elevated
• Adjusted EBITDA of $0.53 million, consistent with full-year guidance
• Headcount reduced by ~11% versus pcp and 5% versus FY25 year-end

Straker Ltd (ASX: STG), an AI-driven language and content services provider, has reported its FY26 H1 financial results. The company delivered revenue of $19.3 million, down 15.3% on the prior corresponding period, but in line with full-year guidance of $38-$41 million. Gross Margin remained elevated at 66%, while Adjusted EBITDA was $0.53 million, consistent with full-year guidance. Headcount was reduced by ~11% versus the prior corresponding period and 5% since FY25 year-end, reflecting ongoing operational efficiencies. The company ended the half with $8.7 million in cash and no debt, maintaining a strong balance sheet to support its AI strategy. Key highlights include the renewal and expansion of Straker's strategic partnership with IBM, as well as the creation of Tiri, the company's proprietary Small Language Model (SLM), with a commercialisation strategy well advanced. Straker remains focused on executing its AI-led growth strategy through scaling the Verify platform, advancing SLM commercialisation, and driving operational excellence through AI adoption and disciplined cost management.

Straker reaffirms its full-year FY26 guidance of revenue of $38-$41 million and positive Adjusted EBITDA.

Straker remains focused on executing its AI-led growth strategy through scaling the Verify platform, advancing SLM commercialisation, and driving operational excellence through AI adoption and disciplined cost management.