• Annual recurring revenue (ARR) up 12% quarter-on-quarter and 51% year-on-year to $2.6m
• Total quarterly revenue of $607k, up 2% quarter-on-quarter and 40% year-on-year
• Significant new customer wins and expansion sales from existing customers

Icetana Limited (ASX: ICE), a company building self-learning security artificial intelligence (AI) software for large-scale surveillance networks, has released its activities report and Appendix 4C for the quarter ended 31 March 2026 (Q3 FY26). The quarter saw strong growth in annual recurring revenue (ARR), which increased 12% quarter-on-quarter and 51% year-on-year to $2.6m. Total quarterly revenue was $607k, up 2% quarter-on-quarter and 40% year-on-year. This performance was driven by a combination of new customer wins and expansion sales from the company's existing customer base. Highlights during the quarter included an expansion sale to long-term customer Curtin University worth $242k over three years, an expansion sale to long-term customer Majid al Futtaim worth $2.1m over three years, and the deployment of a $376k, five-year contract with Australia-based partner Millennium Services Group. The company also continued to make progress in the Japanese market through local partners Macnica and SoftBank Robotics. A significant milestone was achieved with the company attaining Gold Certification with Genetec, reinforcing its position as a trusted technology partner within the Genetec ecosystem. On the product development front, Icetana AI released Antara Core, an on-premise AI engine powering intelligent security workflows within restricted, regulated or air-gapped networks. The company's net operating cash outflow for the quarter was $1.2m, up from $519k in the previous quarter, due to typically fewer contract anniversaries during Q3. At the end of the quarter, Icetana AI's cash balance was $1.0m, but the company has since received a payment of $705k from its largest customer.

Icetana AI reported annual recurring revenue (ARR) of $2.6m as at 31 March 2026, up 12% quarter-on-quarter and 51% year-on-year.

Icetana AI is continuing to improve momentum across its sales pipeline, strengthen its partner network, and increase adoption of its solution globally. The company is focused on scaling revenue and deepening customer relationships in the coming quarters.