• Record first-half profit and revenue for 17th consecutive year
• Profit Before Tax up 9% to $89.1 million
• Net Revenue Retention at 114%, industry-leading
• Interim dividend increased by 21% to 8 cents per share
• Strong growth in SaaS and Recurring Revenue at 13%

Technology One Ltd has announced its financial results for the half-year ended 31 March 2026, reporting record revenue of $318.4 million, up 11% from the previous year. The company achieved a Profit Before Tax of $89.1 million, an increase of 9%, and a Net Profit After Tax of $66.8 million, up 6%. Annual Recurring Revenue (ARR) reached $598.0 million, up 17%, and Net Revenue Retention (NRR) stood at 114%, reflecting strong customer retention. The company also announced an interim dividend of 8 cents per share, a 21% increase from the previous year. The strong financial performance was driven by significant customer wins, particularly in the local government and education sectors, and the successful launch of new AI products. The company remains well-positioned to achieve its growth targets, with a strong balance sheet and continued investment in research and development.

FY26 ARR growth goal: 16% to 18% range, aiming for $1 billion+ ARR by FY30

Technology One Ltd anticipates continued strong performance, driven by its AI strategy, diversified revenue streams, and ongoing R&D investment. The company is confident in achieving its growth targets and surpassing $1 billion in total ARR by FY30.