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Objective Corporation Limited (ASX:OCL)

ALERT: Price-sensitive ASX Announcement for OCL
Current share price for OCL : $7.530 -6.34 (-45.71%)+
Announcement
Release
26 Feb 2026 9:38AM
Price at Release
$13.870
Full Release
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Summary
Objective Corporation Limited announced its financial results for the first half of FY2026, reporting a 9% increase in group revenue to $66.7 million and a 10% increase in net profit after tax to $18.7 million. The company's Annualised Recurring Revenue (ARR) grew by 12% to $120.0 million, reflecting strong performances across its business lines, particularly in Planning & Building, which saw a 29% increase in ARR. Objective Corporation continued significant investment in research and development, with a 10% increase to $16.6 million, representing 28% of its software revenue. Operating cash flow also rose significantly to $21.7 million, and the company declared an interim unfranked dividend of 13 cents per share. The firm has no external borrowings and maintains a strong cash balance of $95.1 million. Looking ahead, Objective's CEO, Tony Walls, expressed confidence in the company's strategy and the transformative potential of AI within its products, underscoring a commitment to continued growth and innovation.
Key Points
  • 9% increase in group revenue to $66.7 million
  • 10% increase in net profit after tax to $18.7 million
  • ARR grew by 12% to $120.0 million
  • Planning & Building ARR increased by 29%
  • R&D investment increased by 10% to $16.6 million
  • Operating cash flow rose to $21.7 million
  • Cash balance of $95.1 million
  • Declared interim unfranked dividend of 13 cents per share
  • No external borrowings
  • Confidence in AI's transformative potential within products
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.