Appendix 4D and Interim Report
| Stock | Readytech Holdings Ltd (RDY.ASX) |
|---|---|
| Release Time | 26 Feb 2026, 8:24 a.m. |
| Price Sensitive | Yes |
ReadyTech Reports 1H FY26 Results
- Revenue up 5.6% to $61.6 million
- Loss reduced by 92.8% to $1.4 million
- Flagship product growth drives enterprise strategy
ReadyTech Holdings Limited reported a 5.6% increase in revenue to $61.6 million for the first half of FY26, driven by growth in enterprise flagship products but moderated by churn in the mature portfolio. Subscription revenue rose 3.8% to $51.8 million, with recurring revenue now accounting for 84% of total revenue. The Education business is positioned for significant long-term opportunities across Australia's TAFE and higher education markets, while the Work Pathways segment continued to expand, supported by a major State Government VET win and the landmark Skills Tasmania contract. Expenses increased 10% to $44.1 million, reflecting ReadyTech's targeted investment in capabilities to support future revenue growth. The company continued its investment into flagship products, with 29.5% of revenue invested back into Research & Development. ReadyTech's loss for the half-year was reduced by 92.8% to $1.4 million, compared to $18.7 million in the previous corresponding period.
ReadyTech's refreshed strategy, under the banner 'Clearer, Faster, Stronger', supported by a growing backlog of opportunity across key markets, positions the company to lift execution velocity and drive stronger, more resilient growth through FY26 and beyond.