USP Agreement with Australian DoD

Open PDF
Stock Objective Corporation Ltd (OCL.ASX)
Release Time 1 Jul 2026, 9:34 a.m.
Price Sensitive Yes
 Objective Corporation Ltd Announces Non-Renewal of DoD Agreement
Key Points
  • Objective ECM is Australia's largest public sector document and records management solution
  • Defence Digital Group (DDG) has not renewed the USP agreement with Objective
  • No impact on FY26 revenue or earnings, but ARR balance will be in line with FY25
  • Objective remains committed to ongoing investment in Defence and National Security solutions
Full Summary

Objective Corporation Ltd, a leading Australian technology company, announced that the Australian Department of Defence (DoD) has decided not to renew its Upgrade and Support Program (USP) agreement. The agreement, in place for over 25 years, provided operational information governance for approximately 140,000 users across all divisions, including critical support to deployed forces. The non-renewal will reduce Objective's Annual Recurring Revenue (ARR) balance, with the expected FY26 ARR balance expected to be in line with FY25 on a constant currency basis. Despite the non-renewal, Objective remains committed to the widescale use of Objective ECM across the DoD and continues to invest in Defence and National Security solutions for the Five Eyes (FVEY) market.

Guidance

Expected FY26 ARR balance in line with FY25 on a constant currency basis

Outlook

Objective remains committed to ongoing investment in Defence and National Security solutions for the Five Eyes (FVEY) market.