SaaS Plus Momentum Drives Record Results-Reaffirmed Guidance

• Record H1 FY26 profit before tax of $89.1 million, up 9%
• Total Annual Recurring Revenue (ARR) of $598 million, up 17%
• Reaffirmed FY26 guidance with 18% to 20% profit growth
• Successful launch of AI strategy with strong adoption
• Interim dividend increased by 21% to 8.0 cents per share

Technology One Limited (ASX: TNE) announced its financial results for the half year ended 31 March 2026, marking the 17th consecutive first-half record profit, record ARR, and record revenues, driven by the momentum from SaaS+ and the launch of AI products. The company reported a Profit Before Tax of $89.1 million, up 9%, and a Total Annual Recurring Revenue (ARR) of $598 million, up 17%. Technology One also reaffirmed its upgraded full year FY26 guidance issued at their February AGM, with a profit guidance range of 18% to 20% and ARR guidance of 16% to 18%. The company highlighted strong momentum and confidence in its SaaS+ strategy and AI products, which have surpassed expectations. Additionally, the interim dividend was increased by 21% to 8.0 cents per share.

FY26 guidance: 18% to 20% profit growth, ARR growth of 16% to 18%

Technology One is confident in achieving its upgraded FY26 guidance, driven by the momentum from SaaS+ and AI strategy, with expectations of continued growth and margin expansion.