• Revenue for the half-year was $110.1M, a 2% decrease from the previous year.
• Recurring revenue increased by 12% to $85.3M.
• EBITDA excluding acquisition costs was $7.9M, a 39% decrease.
• Net profit after tax was $5.1M, a 29% decrease.
• Cash reserves at $73.2M with no external debt.

Gentrack Group Ltd's half-year results for 2026 show a revenue decrease of 2% to $110.1M, driven by a 30% drop in non-recurring project revenue and lower hardware sales. However, recurring revenue increased by 12% to $85.3M, with utilities recurring revenue up 9%. EBITDA excluding acquisition costs fell 39% to $7.9M due to lower utilities project revenues impacting margins. Net profit after tax decreased 29% to $5.1M, partially offset by a tax credit of $3.9M. The company ended the half-year with cash reserves of $73.2M and no external debt. Looking ahead, Gentrack expects FY26 revenue between $229M and $238M, with recurring revenues growing by more than 10%.

Revenue expected between $229M and $238M for FY26, recurring revenues to grow by more than 10%

Gentrack expects to achieve medium-term growth target of more than 15% CAGR, with emphasis on building recurring revenue and improving EBITDA margin to 15-20%.