Key points
- Total revenue down 3% to $16.57m
- Profit after tax improved by 26%
- Annual Recurring Revenue (ARR) increased by 23% to $6.2m
- Secured $8m contract with Wagner Corporation
- Positive cash flow from operations
Full summary
Orcoda Ltd released its FY26 Audited Annual Report and Appendix 4E, detailing financial performance and strategic initiatives. The company reported a 3% decline in total revenue to $16.57 million, while profit after tax improved by 26%. Annual Recurring Revenue (ARR) increased by 23% to $6.2 million. The company secured a significant $8 million contract with Wagner Corporation, contributing to a 26% improvement in profit after tax. The Transport Technology Division, featuring the Transport360 platform, demonstrated robust performance with an EBITDA of $1.89 million. The Resource & Infrastructure Division saw a total income increase of 8% to $9.8 million. The company's strategic focus on high-margin recurring software revenue and integrated transport management systems positions it for future growth.
Outlook
Orcoda's strategy focuses on growing high-margin recurring software revenue, leveraging integrated transport management systems, and expanding the customer base to reduce concentration risk.