• Total revenue of $3.9m, up 26.8% on prior year
• New contract wins of $160k in annual licence fees and $110k in professional fees
• Net operating cash outflows of $160k, driven by DPIS investment and working capital increase
• Closing cash balance of $12.3m, with no material debt

Urbanise.com Limited (ASX: UBN) reported its Q3 FY2026 results, with total revenue of $3.9m, up 26.8% on the prior corresponding period. This was driven by growth in licence revenue from the NAB Partnership, customer growth, and new contract wins. New contract wins for the quarter totalled $160k in annual licence fees and $110k in professional fees. Urbanise progressed the execution of its Data and Payments Integration Services (DPIS) initiative with its banking partner, with a focus on application build, banking integrations, and customer usability testing. Net operating cash outflows were $160k in the quarter, driven by ongoing investment in the DPIS project, an increase in working capital, and one-off costs. The closing cash balance was $12.3m, with the company having no material debt. Looking ahead, Urbanise's focus is on converting pipeline opportunities into contracted revenue while continuing to execute the DPIS roadmap. The company's outlook remains positive across all markets.

Urbanise expects continued net operating cash outflows for the remainder of FY2026 as part of the DPIS rollout, although not at the levels recorded in Q1 FY2026, which included one-off pre-contract costs. As timing effects unwind, the NAB Partnership's go-to-market gains traction, and the core business continues to grow, a return to positive operating cash flow is targeted in FY2027.

Urbanise's outlook remains positive across all markets. The company's focus for the remainder of FY2026 is on converting pipeline opportunities into contracted revenue while continuing execution of the DPIS roadmap. With respect to the company's Middle East operations, the team remains safe and the business has not been materially impacted by the recent regional instability, although some prospects paused certain activities during the quarter.