ikeGPS Group 1H FY26 Financial Results
| Stock | Ikegps Group Ltd (IKE.ASX) |
|---|---|
| Release Time | 28 Nov 2025, 9:10 a.m. |
| Price Sensitive | Yes |
ikeGPS Group reports 1H FY26 financial results
- 47% growth in exit run rate of subscription revenue vs prior corresponding period
- Reiteration of FY26 guidance for ~35% or greater growth in platform subscription revenue and EBITDA breakeven on a run-rate basis within 2H26
- Launch of AI-driven PolePilot™ automation capability for electric utility distribution network analysis
ikeGPS Group Limited (IKE) has reported its financial results for the six-months to 30 September 2025. Key highlights include a 47% growth in the exit run rate (ERR) of platform subscription revenue to ~NZ$19.4m annualized, a 35% increase in recognized platform subscription revenue to ~NZ$8.8m, and a 6% rise in total revenue to NZ$12.9m. The company reiterated its FY26 guidance for ~35% or greater growth in platform subscription revenue and EBITDA breakeven on a run-rate basis within 2H26. Gross margin increased to 75% (up from 67% in the prior corresponding period), and net loss improved by 39% to $4.3m. IKE completed a significantly oversubscribed NZ$26 million capital raise in August to accelerate growth initiatives, including investment in next-generation platform capabilities, expansion of sales and marketing resources, and enhancement of customer success and implementation capabilities. The company also announced the appointment of Paul Cardosi as Chief Financial Officer. The macro-market environment remains highly favourable, with strong and sustained demand for IKE's platform driven by grid modernization, renewable energy integration, and deployment of 5G and fibre networks. The launch of the AI-driven PolePilot™ automation capability is expected to accelerate both new customer acquisition and expansion within existing accounts.
FY26 guidance for ~35% or greater growth in platform subscription revenue and EBITDA breakeven on a run-rate basis within 2H26.
The macro-market environment remains highly favourable, with strong and sustained demand for IKE's platform driven by grid modernization, renewable energy integration, and deployment of 5G and fibre networks. The launch of the AI-driven PolePilot™ automation capability is expected to accelerate both new customer acquisition and expansion within existing accounts.