• Total income stable at $10.1m, with recurring mobile subscription revenue up 29%
• Annual Recurring Revenue (ARR) increased 9% to $12.0m
• Continued investment in software capabilities and international expansion to support long-term growth

Spacetalk Limited reported its Appendix 4D and 1H26 financial results, marking a significant and transformational period for the company as it executed its strategic pivot from a device-led business to a software-led, SaaS model underpinned by recurring revenues. During the period, the company completed the initial phase of a complex re-platforming, culminating in the launch of its new platform and technology stack. The transition to a software-led model has unlocked enterprise software opportunities not previously accessible, and the company has developed a growing pipeline of such opportunities. Total income remained stable at $10.1 million, with the decline in device revenue offset by a 29% increase in recurring mobile subscription revenue to $3.9 million. Annual Recurring Revenue (ARR) increased by 9% to $12.0 million, driven by continued growth in subscription services. Active Spacetalk Mobile subscribers increased to 57.4k, up from 45.6k in the prior corresponding period. The company continued to invest in software capabilities, international expansion, and brand-building initiatives to support its long-term growth strategy, with a focus on building sustainable, high-margin recurring revenue while maintaining a capital-light approach to market entry and expansion.

The company reconfirms its previously stated ARR guidance of $20-25 million in the calendar year 2026.

Spacetalk's combination of scalable partnerships, recurring revenue growth, product innovation and operational discipline positions the company well to execute its strategy and deliver sustainable long-term growth.