Objective (OCL) investor relations material

Executive summary

• Revenue grew 9% year-over-year to AUD 135 million, with 100% from subscription software and SaaS revenue up 22%; adjusted EBITDA rose 11% to AUD 52 million, and net profit after tax reached AUD 37 million.

• Recurring revenue comprised 86% of total revenue, with over 2,000 customer relationships, some spanning nearly 30 years.

• R&D investment totaled AUD 34 million, representing 30% of software revenue, supporting innovation and product leadership.

Financial highlights

• Annualised recurring revenue (ARR) reached AUD 121 million, with AUD 114 million on a constant currency and discontinued basis; ARR decreased 2% year-over-year.

• Operating cash flow was AUD 49 million, up from the prior year, representing 94% of adjusted EBITDA.

• Dividend declared at 26 cps (8 cps fully franked, 18 cps unfranked); total dividends up 18%.

• Cash at balance date was AUD 92.7 million, down 7% after acquisitions, dividends, and share buybacks.

Outlook and guidance

• FY2027 adjusted EBITDA guidance set at a minimum of AUD 40 million, reflecting continued investment in go-to-market and R&D.

• Focus on expanding go-to-market teams and distribution, especially in Australia and the U.K., and leveraging trusted status for larger, complex opportunities.

• Strong balance sheet and no external borrowings provide capacity for further investment opportunities.