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Black Pearl Group Limited (ASX:BPG)

ALERT: Price-sensitive ASX Announcement for BPG
Current share price for BPG : $0.400 -0.225 (-36%)+
Announcement
Release
28 May 2026 7:39AM
Price at Release
$0.625
Full Release
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Summary
Blackpearl Group Limited reported a strong performance for FY26, with a 114% increase in Annual Recurring Revenue (ARR) to $26.8 million, driven by the Pearl Engine's superior performance compared to generalist AI models. Despite an EBITDAF loss of $15.7 million due to ongoing investments, the company strengthened its gross margin to 69% by implementing a fixed-cost structure. The successful integration of B2B Rocket into the Pearl Engine ecosystem yielded cost synergies, while the capital raised and refinancing ensured a cash position of $9.6 million. As Blackpearl Group enters FY27, the focus will be on converting ARR into recognised revenue and enhancing cash conversion, with operational improvements already piloted to streamline these processes.
Key Points
  • Annual Recurring Revenue (ARR) grew 114% year-on-year to $26.8 million.
  • Pearl Engine outperformed generalist AI models, delivering superior commercial results.
  • EBITDAF loss of $15.7 million due to investment and growth-stage costs.
  • B2B Rocket integration into Pearl Engine completed successfully with identified cost synergies.
  • Gross margin increased to 69% with fixed-cost structure in place.
  • Cash balance of $9.6 million at year-end after capital raising and acquisitions.
  • Refinanced debt facility providing non-dilutive funding through to FY28.
  • Focus on converting contracted ARR to recognised revenue in FY27.
  • Operational improvements piloted include shorter ramp cycles and cost optimisations.
  • Plan to increase ARR and cash conversion as equal priorities in FY27.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.