Key points
- Revenue increased 7% to $15.8m
- Annual Recurring Revenue (ARR) grew 13% to $17.5m
- Site numbers increased 48% to 1,142
- Underlying EBITDA loss increased to ($1.4m)
- Cash flow improved by 40% in H2 FY2026
Full summary
EPX Ltd announced its full-year results for FY2026, showing a 7% increase in operating revenue to $15.8m, driven by a 3% rise in recurring revenue to $15.0m and $0.8m in Wattwatchers project revenue. Annual Recurring Revenue (ARR) increased by 13% to $17.5m, and site numbers grew by 48% to 1,142. The underlying EBITDA loss widened by $0.3m to ($1.4m), reflecting planned investments in sales, marketing, and product teams. Operating cash flow improved by 40% in H2 FY2026, with further improvement expected in FY27 due to better UAE collections. The company also signed a $3.0m debt facility in June 2026 and completed the acquisition of Wattwatchers in December 2025, with revenue now visible at $1.5m.
Outlook
EPX expects further growth in ARR and site numbers in FY27, with improving revenue from Wattwatchers and better UAE collections.