Key points
- Group revenue increased by 8% year-on-year to $24.4 million
- Group EBITDA improved by 74% to $2.4 million
- Cloud gaming revenue rose by 16% with a 68% gross margin
- Ongoing negotiations with NVIDIA for additional Blackwell servers
- Total subscribers grew by 4% to 18,936
Full summary
Pentanet Ltd's FY26 results showed a notable improvement in financial performance, with group revenue increasing by 8% year-on-year to $24.4 million. The Group EBITDA saw a substantial rise of 74% to $2.4 million, reflecting improved profitability. The cloud gaming segment, a key driver of growth, reported a 16% increase in revenue with a gross margin of 68%. The company is in advanced negotiations with NVIDIA to acquire additional Blackwell servers, which could further boost its cloud gaming capabilities. Additionally, the telco segment saw a 7% increase in revenue to $21.6 million, supported by steady subscriber growth. The company is also exploring strategic options to enhance its national connectivity and leverage its gaming database for direct connectivity with CloudGG users.
Guidance
Pentanet Ltd expects continued growth in cloud gaming revenue and EBITDA in FY27.
Outlook
Pentanet Ltd anticipates further growth in its cloud gaming segment, driven by ongoing negotiations with NVIDIA and strategic initiatives to enhance national connectivity.