• FY26 Platform Subscription Revenue ~NZ$19.2m (+33% vs pcp)
• Positive underlying EBITDA achieved in March 2026
• FY27 guidance for similar levels of growth for Platform Subscription revenue

ikeGPS Group Limited (IKE) (NZX: IKE / ASX: IKE) has provided a performance update for the 12 months to 31 March 2026. Key highlights include: FY26 Platform Subscription Revenue of ~NZ$19.2m (+33% vs pcp), delivering on FY26 guidance of approximately 35% subscription revenue growth; Positive underlying EBITDA achieved in the month of March 2026, in line with FY26 guidance; FY27 guidance for similar levels of growth for Platform Subscription revenue; Exit Run Rate (ERR) of Platform Subscription Revenue ~NZ$20.7m annualised at 31 March 2026 (+18% vs pcp; +21% in constant currency); FY26 Total Revenue of ~NZ$26.6m (+6% vs pcp); Gross margin percentage increased to ~81% (up from pcp of 69%), with Platform Subscription Gross Margin ~94%; Total Cash of ~NZ$33m, net receivables ~NZ$4.3m and no debt as at 31 March 2026; 463 subscription customers in trailing 12 months at 31 March 2026, with 83 new subscription customers added in FY'2026 and customer retention ~97%; IKE PoleForeman annualised recurring revenue (ARR) has now grown to ~NZ$11m, achieved inside two years from product launch; and PolePilot, an AI automation platform, was launched and enabled a ~10% price increase across the entire IKE Office Pro subscription base with no churn.

IKE expects platform subscription revenue in FY27 to grow at similar levels to FY26, which saw 33% growth.

IKE enters FY27 with strong momentum across subscription revenue growth, product development, customer acquisition, and market positioning. The company believes the macro tailwinds underpinning its market are strengthening, not weakening, though there are risks such as potential new competitor market entry, potential new disruptive technologies, and macro-economic shocks.