Reckon Ltd Releases HY26 Results Investor Presentation
Key points
- Reckon Ltd generated $32M in revenue for HY26 with an EBITDA of $14M and NPAT of $5M
- Reckon One billing grows by 23%
- Investment into AI delivers approximately 30% efficiency gains in product development
- Net debt reduced to $1.5M at 30 June 2026
- 2.5 cents annual dividend to be paid in August 2026
Full summary
Reckon Ltd, a software-as-a-service company, reported strong half-year results for 2026, generating $32 million in revenue, $14 million in EBITDA, and $5 million in NPAT. The company's Reckon One billing grew by 23%, and investments in AI have delivered approximately 30% efficiency gains in product development. Reckon Ltd's net debt has been reduced to $1.5 million, and the company will pay a fully franked dividend of 2.5 cents per share in August 2026. The Legal Group's billing workflow business continues to grow, and the company has a strong balance sheet with a $25 million bank facility.
Guidance
Reckon Ltd expects to continue delivering strong financial results and growth in the coming periods.
Outlook
Reckon Ltd is optimistic about its future growth prospects, driven by its strong subscription-based business model and ongoing investments in AI and cloud-based solutions.
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