Enprise Group (ENS) H2 2026 earnings summary

Executive summary

• Revenue increased 6% year-over-year to $26.3 million, but cost pressures and a $0.86 million intangible asset impairment led to a net loss of $1.87 million, compared to a $0.1 million loss in FY2025.

• Recurring and contracted revenue grew 11%, with recurring licence revenue up 21% at Kilimanjaro and 12% at iSell.

• The Board initiated a comprehensive business reset, including cost reviews and restructuring, to restore profitability in FY2027.

• Leadership changes included the CEO stepping down post-year-end, with an acting CEO appointed.

Financial highlights

• Total revenue: $26.3 million (up 6% year-over-year).

• Net loss after tax: $1.87 million (vs. $0.13 million loss in FY2025).

• Operating loss: $1.02 million (vs. $0.09 million loss in FY2025).

• Impairment of intangible assets: $0.86 million.

• Basic and diluted EPS: (7.13) cents (vs. (0.50) cents in FY2025).

Outlook and guidance

• Focus on operational improvements and cost reductions to support a return to profitability in FY2027.

• Continued emphasis on growing recurring revenue and innovation, especially with the upcoming ITQuoter Version 2 release in early FY2027.

• Board-approved cash flow forecasts project meeting obligations, but with limited headroom and reliance on successful restructuring and capital raising.