Key points
- Achieved first full-year net profit of $105,987
- Revenue from continuing operations down 12% to $6.4M
- EBITDA improved to $925k, up from a loss of $1.88M in FY24
- Secured a three-year ATO contract worth $1.95M
- Net current liability reduced by $549,000 to $1.24M
Full summary
8COMMON Ltd has delivered its maiden full-year profit for the 2026 financial year, reporting a net profit after tax of $105,987. This marks a significant turnaround from the previous year's loss of $793,946. Despite a 12% decrease in revenue from continuing operations to $6.4 million, the company achieved a positive EBITDA of $925k, up from a loss of $1.88 million in FY24. The company's strategic initiatives, including infrastructure consolidation and cost management, have contributed to this improved financial performance. Additionally, 8COMMON Ltd secured a three-year contract with the Australian Taxation Office worth $1.95 million, which further validates the platform's position in the federal government market. The company's net current liability has also reduced by $549,000 to $1.24 million, reflecting improved financial stability.
Outlook
8COMMON Ltd expects continued growth in FY27, driven by expanding Expense8 across government and enterprise customers, converting the current implementation pipeline to live usage, and increasing recurring SaaS and transaction revenue.