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Gentrack Group Limited (ASX:GTK)

ALERT: Price-sensitive ASX Announcement for GTK
Current share price for GTK : $3.360 -0.13 (-3.72%)+
Announcement
Release
18 May 2026 7:30AM
Price at Release
$3.490
Full Release
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Summary
The interim financial statements of Gentrack Group Limited for the six months ended 31 March 2026 report a revenue of NZ$110.146 million driven by utility billing and airport management software segments. The group's total expenses amounted to NZ$102.830 million, with a net profit of NZ$5.112 million attributable to shareholders, boosted by a NZ$3.850 million tax benefit. Gentrack's assets stood at NZ$315.635 million against liabilities of NZ$69.817 million, resulting in net equity of NZ$245.818 million. Despite a net cash outflow from operations of NZ$8.697 million, the company maintains a robust capital position with available financial facilities, and continues to advance its strategic objectives within the utilities and airport sectors.
Key Points
  • Gentrack Group's interim financial statements for the six months ended 31 March 2026 indicate a total revenue of NZ$110,146,000.
  • Revenue is generated from utility billing software and airport management software segments, with recognition occurring at both points in time and over time.
  • Total expenditure for the period was NZ$102,830,000, with significant costs attributed to employee entitlements and other operating expenses.
  • The profit before tax for the period was NZ$1,262,000, with a notable income tax benefit of NZ$3,850,000, resulting in a net profit attributable to shareholders of NZ$5,112,000.
  • Gentrack Group's financial position as at 31 March 2026 includes total assets of NZ$315,635,000 and total liabilities of NZ$69,817,000.
  • Equity increased to NZ$245,818,000, supported by share capital issues and retained earnings.
  • Key financial activities include cash flows from operating activities with a net outflow of NZ$8,697,000.
  • The company has a multi-currency facility loan agreement with Bank of New Zealand, though no amount has been drawn as of the reporting date.
  • Gentrack continues to focus on transforming the utilities and airports industries with significant project completions and customer engagements in the first half of 2026.
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.