• H1 FY2025 licence revenue of $5.8m up 2% vs previous corresponding period
• Q2 FY2025 license revenue decreased by 2.6% to $2.9m, offset by growth from new contract wins
• Positive cash flow in Q2 FY2025 with $108k average monthly cash generated

Urbanise.com Limited (ASX: UBN) reported its Q2 FY2025 results, with H1 FY2025 license revenue of $5.8m up 2% versus the previous corresponding period. Total revenue of $6.3m in H1 FY2025 increased by $35k on the prior corresponding period, with license revenue gains offsetting a decline in professional fees. In Q2 FY2025, license revenue decreased by 2.6% to $2.9m compared to the prior corresponding period, with growth from new contract wins and implementations offset by customer churn. Total revenue of $3.0m in Q2 FY2025 was down 4.4% on the prior corresponding period, with 95% recurring revenue. The company secured $171k in ARR and $139k in professional fees from 8 new contract wins in Q2 FY2025, primarily comprising Australian strata managers and FM service providers. Urbanise generated positive cash flow in Q2 FY2025 with $108k average monthly cash generated, driven by improvement in collections and cost rationalisations implemented in FY2024. The company remains on track to achieve cash flow breakeven in FY2025.

Urbanise's immediate priority is to reach cash flow positive in FY2025, through driving ARR wins and ongoing cost discipline. The company is also progressing discussions with potential banking partners for its APAC Strata business, with the objective to secure one or more banking service partnerships by Q3 FY2025.