• Revenue stable at $2.5M for Q2 FY25
• Net cash used in operating and investing activities of $1.16M
• R&D tax refund of $1.52M received in Q2

Activeport Group Ltd (ASX:ATV) delivered consistent revenue and costs across the first two quarters of 2025 and is positioned to accelerate growth from this recurring revenue baseline with limited fixed cost growth. Following the restructure undertaken in FY24, Activeport reached a consistent baseline of recurring revenue from its two core segments, software licensing and Software-as-a Service. Operating costs were also stable, demonstrating that the restructure is complete and the company is rightsized to deliver positive expanding operating margins on a stable cost base. Projects delivered in Q2 will generate steadily increasing recurring revenue throughout the second half and ramp in FY26 as the company pursues its goal of recurring revenue exceeding operating costs in the first half of FY26. The company also completed a successful rights issue and placement, raising $6.1M against a target of $5.3M (before costs), which will be reflected in the upcoming half-year report.

The company is positioned to deliver consistent revenue reporting across its two segments of SaaS and Software licenses, with a new agreement to license Activeport's GPU orchestration product to Radian Arc for a cash payment of $4M expected to close in Q3.

The company is excited about its Q3 roll-out of bandwidth-on-demand using the FibreconX network in Australia, new projects being deployed for international telco and data centre operators, and the potential revenue upside its version 4.0 GPU orchestration software might offer.