• 3.66k FM users billed $13.6m Contracted ARR, 89.0% Recurring revenue, 98.1% Net ARR retention
• ARR grew by 17% following the NAB Partnership and new customer implementations, predominantly for FM
• Underlying average monthly cash usage of $557k, focus on cash collections to offset DPIS development costs

Urbanise.com Ltd has announced its H1 FY2026 results, reporting a 15.3% increase in overall revenue driven by a 10% increase in total licence fees and a 89.5% increase in professional fee revenue. The company's ARR grew by 17% following the NAB Partnership and new customer implementations, predominantly for FM. The company's net ARR retention rate improved to 98.1%, up from 87.0% in the prior corresponding period. Strata ARR retention improved to 98.4% (up from 97.1%) and FM ARR retention improved to 97.6% (up from 72.9%). The company's underlying average monthly cash usage was $557k compared to $139k generated monthly in H1 FY2025, with a focus on cash collections to offset the ongoing expenditure related to the development of the DPIS solution. The company maintains a strong net cash position with no material debt.

Urbanise expects to improve license fee and professional fee profitability through upsell of additional features and services, improve ARR retention rates through increased customer engagement, and drive sales growth and operating leverage to achieve cashflow sustainability, with a target to return to cashflow breakeven in FY2027.

Urbanise is focused on improving license fee and professional fee profitability, increasing customer engagement to drive higher ARR retention, and pursuing key partnerships in the expanded strata market opportunity estimated at $30m-$54m, including those in the banking sector. The company has hired a new Chief Revenue Officer to ramp up sales and build capability for growth in H2 FY2026.