Siteminder (SDR) investor relations material

Executive summary

• Achieved 27.4% year-over-year ARR growth (constant currency, organic) to $280.3m for H1FY26, with total revenue up 25.5% to $131.1m and adjusted EBITDA more than doubling to $12.3m compared to H1FY25.

• Statutory loss after tax improved to ($4.8m) in H1FY26 from ($13.9m) in H1FY25, driven by strong revenue growth, cost discipline, and operating leverage.

• Smart Platform initiatives, including Dynamic Revenue Plus and Smart Distribution Program, drove transaction revenue growth and margin expansion, with transaction revenue up over 38% year-over-year.

• Hotel property subscribers grew 12.3% year-over-year to 53,000, with net property additions of 2.9k and transaction product uptake reaching 40k in H1FY26.

• AI-driven enhancements improved operational efficiency, product innovation, and customer engagement, supporting scalable growth.

Financial highlights

• ARR reached $280.3m (+27.4% y/y cc, org); total revenue $131.1m (+25.5% y/y); adjusted EBITDA $12.3m (up from $5.3m in H1FY25).

• Adjusted free cash flow improved to $2.7m (2.1% of revenue) from $(0.6)m in H1FY25.

• Adjusted gross margin increased to 67.8% (from 66.9% in H1FY25); transaction gross margin rose 558bps to 40.1%.

• Subscription revenue grew 17.7% y/y to $78.1m; transaction revenue surged 39.1% to $53.0m.

• Adjusted loss after income tax narrowed to $(3.9)m from $(9.0)m in H1FY25.

Outlook and guidance

• Expects continued strong ARR and revenue growth in H2FY26, with further improvement in adjusted EBITDA, free cash flow, and Rule of 40 performance.

• Medium-term goal to accelerate toward 30% revenue growth while maintaining profitability discipline.

• Sees a 5x ARPU monetisation opportunity at full Smart Platform attach across the existing customer base.