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Gentrack Group Limited (ASX:GTK)

ALERT: Price-sensitive ASX Announcement for GTK
Current share price for GTK : $3.100 -0.39 (-11.17%)+
Announcement
Release
18 May 2026 7:30AM
Price at Release
$3.490
Full Release
download
Summary
The half-year results presentation for Gentrack Group Limited outlines significant financial performance and strategic initiatives. Gentrack reported a revenue of approximately NZ$110.1 million for HY26, with recurring revenue growing by 12% to NZ$85.3 million. However, non-recurring revenue fell to NZ$17 million due to project completions and delayed new wins. EBITDA, excluding acquisition costs, was NZ$7.9 million, down from the previous period due to lower utilities project revenues. The company maintains a strong cash position with NZ$73.2 million and no external debt. Gentrack emphasizes its strategic focus on enhancing recurring revenues, estimating a 10% growth for FY26. The acquisition of Factor is highlighted to enhance their B2B energy operations, while DTP's acquisition is anticipated to bolster Veovo’s AI-centric capabilities. CEO Gary Miles expresses confidence in achieving a 15% CAGR in the medium term, underscoring ongoing investments in AI-driven transformations across utilities and airports.
Key Points
  • Revenue for HY26 is approximately NZ$110.1 million.
  • Recurring revenue increased by 12% to NZ$85.3 million.
  • Non-recurring revenue decreased to NZ$17 million.
  • EBITDA, excluding acquisition costs, is NZ$7.9 million.
  • Strong cash position with NZ$73.2 million and no external debt.
  • Focus on enhancing recurring revenue with a projected 10% growth for FY26.
  • Acquisition of Factor to enhance B2B energy operations.
  • DTP acquisition to strengthen Veovo’s AI-centric offerings.
  • Targeted CAGR of more than 15% in the medium term.
  • Investment in AI-driven transformations across utilities and airports.
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.