Icetana (ICE) H2 2025 earnings summary

Executive summary

• Transitioned to a high-margin, recurring SaaS revenue model, with recurring revenues now 96% of total, up from 26% in FY24.

• Revenue declined 49% year-over-year to $1.89M due to absence of prior year’s one-off hardware and perpetual license sales.

• Signed a $3.6M strategic partnership with SoftBank Robotics, including equity investment and exclusive distribution rights in Japan.

• Acquired remaining minority interest in UAE subsidiary, consolidating international operations.

• Ended the year with net current assets of $3.44M and no debt, supported by successful share placements.

Financial highlights

• Revenue from ordinary activities fell 49% year-over-year to $1,887,982.

• Net loss after tax increased 53% to $2,945,270 compared to prior year.

• Gross profit margin improved to 81% (from 58% in FY24) due to shift to SaaS.

• Net tangible assets per share rose to 0.59 cents from 0.32 cents year-over-year.

• Cash and cash equivalents at year-end were $3.9M, up from $1.48M.

Outlook and guidance

• Focus remains on leveraging partnerships, expanding into new verticals, and scaling SaaS model.

• Customer prepayments for annual subscriptions grew to $1.66M, providing a solid base for FY26 revenue.

• Management expects continued growth in recurring revenue streams and international expansion.