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Objective (OCL) investor relations material
Objective H2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Revenue reached $124M for FY25, up 5% year-over-year, with annual recurring revenue (ARR) at $120M, up 15% year-over-year.
Adjusted EBITDA was $46M, a 5% increase, with a 39% margin and net profit after tax of $35M, up 13%.
Recurring revenue now represents 84% of total revenue, with 100% of software revenue from subscriptions.
Significant R&D investment totaled $31M (30% of software revenue) this year and $135M over five years.
Celebrated 25 years on the ASX and surpassed 2,000 customer relationships.
Financial highlights
Operating cash flow was $46M, cash balance at $99M, and full-year dividend paid was $22M.
SaaS revenue grew at a 28% CAGR since FY2019, while non-recurring revenue declined at a -2% CAGR.
Services revenue intentionally reduced, moderating headline growth; subscription revenue growth to better reflect ARR in FY26.
Outlook and guidance
FY26 targets: ARR growth of 15% remains the internal focus, with segment growth targets of 11–13% for content solutions, 20–25% for planning/building and regulatory solutions.
Plans to execute organic growth projects and accelerate growth through M&A opportunities.
Margin improvement expected as revenue mix shifts further to subscriptions; ARR growth in FY25 sets up strong profit growth for FY26.
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