Catapult FY26 Trading Update

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Stock Catapult Sports Ltd (CAT.ASX)
Release Time 26 Mar 2026, 9:29 a.m.
Price Sensitive Yes
 Catapult FY26 Trading Update
Key Points
  • ACV growth accelerates to record level
  • Free Cash Flow positive despite 2H collections impact
  • Management EBITDA expected to grow by approximately 50% year-on-year
Full Summary

Catapult Sports Ltd (ASX:CAT), the global leader in sports technology solutions for professional teams, has provided a trading update for the twelve months ending March 31, 2026 (FY26). The company expects closing ACV (Annualized Contract Value) for FY26 to be in the range of US$133-134M, representing reported year-on-year growth of 27-28% on a constant currency basis with low churn. This includes ACV contributed by the acquisitions of IMPECT and Perch, and is consistent with Catapult's track record of strong, durable subscription revenue growth. The integration of the two acquisitions within the FY placed temporary capacity pressure on Catapult's finance and collections function, resulting in a portion of 2H FY26 receivables that would have ordinarily been collected before March 31 to be received in early 1H FY27. As a result, the company expects FY26 Free Cash Flow (excluding transaction costs) to be between US$5-6M. Following the successful capital raise and acquisition of IMPECT, Catapult expects to end FY26 with a cash balance of approximately US$50M and no debt. Catapult expects FY26 Management EBITDA -- a non-IFRS measure of operating profitability -- to grow by approximately 50% year-on-year, as the company's profitability continues to outpace its strong top-line growth. This expected performance reflects the accelerating operating leverage in Catapult's business model and the company's continued discipline in managing its fixed and variable cost base.

Guidance

Catapult expects closing ACV for FY26 (as at March 31, 2026) to be in the range of US$133-134M, representing reported year-on-year growth of 27-28% on a constant currency basis. The company expects FY26 Free Cash Flow (excluding transaction costs) to be between US$5-6M. Catapult expects FY26 Management EBITDA to grow by approximately 50% year-on-year.