Adveritas (AV1) H2 2026 earnings summary

Executive summary

• Revenue increased 31% year-over-year to $10.3 million, driven by higher customer numbers and contract values.

• Net loss after tax decreased 24% to $5.36 million, reflecting improved operating leverage.

• Annualised recurring revenue (ARR) rose 59% to $16.65 million, with strong growth in sports betting, online gaming, and agency partnerships.

• Launched an upgraded SME self-serve platform, expanding addressable market and achieving early traction.

• No dividends declared for the year.

Financial highlights

• Revenue: $10.31 million (up from $7.84 million in FY25).

• Net loss: $5.36 million (improved from $7.09 million loss in FY25).

• Basic and diluted loss per share: (0.58) cents (vs. (0.89) cents in FY25).

• Cash and cash equivalents: $4.49 million at year-end (down from $9.48 million prior year).

• Net tangible asset backing: (0.04) cents per share (down from 0.48 cents per share in FY25).

Outlook and guidance

• Strong growth outlook supported by SME self-serve product, commercial AI deployment, and vertical diversification.

• Focus on expanding strategic partnerships and accelerating subscriber growth.