• FY26 Revenue: $195.2m, up 0.4%
• Annualised Recurring Revenue (ARR): $174.3m, down 0.5%
• Free Cash Flow (to the firm): $0.1m normalized to $14.4m
• Net Loss After Tax: -$161.1m
• Strong liquidity with $49m and $65m credit facility

EROAD Limited reported its financial performance for the 12 months ended 31 March 2026. The results reflect the company's transformation plan to address legacy operational and product challenges, a refocus on core ANZ markets, and a reset of operations under a regional operating model. The company achieved revenue of $195.2m, up 0.4%, with significant growth in Australia offsetting a decline in North America due to customer non-renewals. Annualised Recurring Revenue (ARR) was $174.3m, down 0.5%. Free Cash Flow (to the firm) was $0.1m, normalized to $14.4m. The company reported a net loss after tax of $161.1m, including a non-cash impairment to North American assets of $134.7m. Liquidity remains strong at $49m with a $65m credit facility. EROAD is focused on executing its transformation strategy and expects to deliver positive free cash flow to support sustainable growth over the medium to long-term.

Normalized EBIT: $2.9m, Free Cash Flow: $14.4m, ARR: $174.3m

EROAD expects its core markets of New Zealand and Australia to drive performance, while North America is being managed with a disciplined, cash-focused approach. The company is committed to executing its transformation strategy and delivering sustainable growth.