Key points
- Senetas revenue up 4.7% to $20.2 million
- Product sales revenue up 22%, maintenance revenue lower
- Strong operating cash flow of $4.4 million
- Indirect interest in Menlo valued at $21.0 million
Full summary
Senetas Corporation Ltd reported a 4.7% increase in revenue to $20.2 million for the year ended 30 June 2026. On a constant currency basis, revenue grew by 9.3%. Product sales revenue increased by 22%, while maintenance revenue was lower due to the timing of large contract renewals. Gross margin was 82%, down from 87% in FY2025, primarily due to a higher mix of lower margin inventory transfer sales. Senetas generated strong operating cash flow of $4.4 million, a turnaround from a loss of $3.6 million in FY2025. The company's indirect interest in Menlo, via VGM, was valued at $21.0 million at 30 June 2026. The sales pipeline for FY2027 is strong, with revenue expected to grow broadly in line with FY2026.
Guidance
FY2026 revenue $20.2 million, operating cash flow $4.4 million, FY2027 revenue growth expected
Outlook
FY2027 revenue growth expected broadly in line with FY2026, driven by organic growth and a rebound in maintenance revenue.