• Total revenue for Q2 FY2026 of $3,687k, up 22.2% year-over-year
• New contract wins totaled $136k in annual licence fees and $76k in professional fees
• Progressed execution of Data and Payments Integration Services (DPIS) with banking partner

Urbanise.com Limited (ASX: UBN) reported its business update and cash flow report for the quarter ended 31st December 2025 (Q2 FY2026). Total revenue for the quarter was $3,687k, up 22.2% compared to the prior corresponding period, driven by growth in licence revenue and professional fees. New contract wins for the quarter totaled $136k in annual licence fees and $76k in professional fees. The company continued to progress the development of its Data and Payments Integration Services (DPIS) platform in collaboration with National Australia Bank Limited (NAB), advancing the application build and banking integrations. A selected group of customers participated in usability testing to validate workflows and ensure the solution aligns with real-world strata management and owner experiences. While internally indicative timelines exist, DPIS operates within a regulated banking environment and must meet stringent compliance, security, and operational standards. The company continues to target the launch of the integrated solution in CY2026. Net operating cash outflows were $211k in the quarter, driven by ongoing upfront investment in the NAB Partnership. The closing cash balance was $12.6m, with the company remaining focused on disciplined cash flow management and targeting a return to positive operating cash flow in FY2027.

Urbanise expects continued net operating cash outflows for the remainder of FY2026 as part of the DPIS rollout, although not at the levels recorded in Q1 FY2026, which included one-off pre-contract costs. Overall operating cash flow is expected to be negative in FY2026, but as timing effects unwind, the NAB Partnership's go-to-market gains traction, and the core business continues to grow, a return to positive operating cash flow is targeted in FY2027.

The outlook remains positive across all markets. The company's focus for the remainder of FY2026 is on converting pipeline opportunities into contracted revenue while continuing execution of the DPIS roadmap.