ActivePort Group (ATV) Q1 2026 earnings summary

Executive summary

• Achieved continued growth in software revenue, offsetting a slight reduction in SaaS revenue as legacy contracts aged out.

• Delivered major projects, including Telekom Malaysia's self-service portal and initial GPU deployments for Reliance Jio.

• Raised $4.68m through a rights issue and secured further commitments of $4.49m, ensuring full funding for accelerated growth.

Financial highlights

• Group revenue for Q1 FY26 was $1.83m, down 16% from $2.18m in Q4 FY25.

• SaaS revenue declined 19% to $1.36m, while software revenue increased 6% to $0.51m compared to the previous quarter.

• Cash used in operating activities increased to $1.49m from $0.78m sequentially.

• Trade and other receivables rose 10% to $3.24m, including $1.4m in R&D tax refund expected in Q2.

• Cash and cash equivalents at quarter end were $2.72m, up from $0.89m at the start of the quarter.

Outlook and guidance

• Revenue from new projects delivered in Q1 is expected to begin in Q2 as invoicing starts.

• Additional cash receipts and R&D tax refund anticipated in Q2, with costs expected to remain stable.

• Further capital commitments of $3.87m and $0.62m are pending shareholder approval in November 2025.