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Technology One Limited (ASX:TNE)

ALERT: Price-sensitive ASX Announcement for TNE
Current share price for TNE : $32.000 3.36 (11.73%)+
Announcement
Release
19 May 2026 8:21AM
Price at Release
$28.640
Full Release
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Summary
Technology One Limited reported strong financial performance for the first half of FY26, with a 17% increase in Annual Recurring Revenue (ARR) to $598.0 million and a 9% rise in Profit Before Tax to $89.1 million. The company showcased significant growth in the APAC region, particularly in Local Government ARR, which rose by 27%. The UK ARR also increased by 23%. The company continues to leverage its SaaS and recurring revenue streams, which grew by 13%. TechnologyOne is investing in AI and maintaining a robust R&D strategy, targeting ARR and AI revenue to reach $1 billion by FY30. The interim dividend increased by 21% to 8.0 cents per share, supported by a strong balance sheet with no debt. The company reaffirms its guidance for FY26, targeting top-end growth in both ARR and Profit Before Tax.
Key Points
  • ARR increased by 17% to $598.0 million.
  • Profit Before Tax rose by 9% to $89.1 million.
  • APAC Local Government ARR grew by 27%.
  • UK ARR increased by 23%.
  • SaaS & Recurring Revenue grew by 13%.
  • Interim dividend increased by 21% to 8.0 cents per share.
  • Strong balance sheet with no debt.
  • Targeting $1 billion ARR & AI revenue by FY30.
  • Reaffirmed FY26 guidance for top-end growth.
  • Significant investment in AI and R&D.
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.