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ikeGPS Group Limited (ASX:IKE)

ALERT: Price-sensitive ASX Announcement for IKE
Current share price for IKE : $1.000 0.035 (3.63%)+
Announcement
Release
29 May 2026 7:31AM
Price at Release
$0.965
Full Release
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Summary
In the fiscal year 2026, ikeGPS Group Limited reported a total revenue of approximately NZ$26.6 million, marking a 6% increase compared to the previous corresponding period. The company's gross margin rose to about 80%, with the platform subscription gross margin at 94%. The year also saw a reduction in EBITDA losses to NZ$(4.99) million from NZ$(6.88) million. IKE maintained a strong cash position of approximately NZ$32.8 million with no debt. The company increased its subscription base to 463 customers, adding 83 new subscriptions, and maintained a high customer retention rate of 97%. IKE's AI-based PolePilot platform facilitated a 10% price increase without affecting customer churn. Furthermore, IKE's software is now utilized across all 50 US states, supported by significant contracts with major utilities and communication companies. The FY26 financial performance aligned with its guidance, and the company anticipates similar growth in FY27.
Key Points
  • FY26 total revenue reached approximately NZ$26.6 million, a 6% increase.
  • Gross margin improved to about 80%.
  • EBITDA losses decreased to NZ$(4.99) million.
  • IKE has no debt and holds approximately NZ$32.8 million in cash.
  • The subscription base grew to 463 customers with 83 new additions.
  • Customer retention remains high at 97%.
  • AI initiatives led to a 10% price increase without impacting churn.
  • IKE's software is deployed across all 50 US states.
  • Anticipated similar subscription revenue growth for 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.