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ikeGPS Group Limited (ASX:IKE)

ALERT: Price-sensitive ASX Announcement for IKE
Current share price for IKE : $0.980 0.04 (4.26%)+
Announcement
Release
28 Nov 2025 9:10AM
Price at Release
$0.940
Full Release
download
Summary
IKE reported a strong financial performance for the first half of FY26, highlighting a 47% increase in the exit run rate of subscription revenue compared to the previous period. The company reiterated its guidance for a 35% growth in platform subscription revenue and an EBITDA breakeven on a run-rate basis in the second half of FY26. Notable achievements include a total revenue of NZ$12.9 million and a gross margin increase to 75%. IKE launched PolePilot™, an AI-driven automation tool for utility pole analysis, significantly enhancing productivity for customers and increasing ARPU. Additionally, IKE raised A$24 million in a capital raise and was elevated to the ASX All Ordinaries Index, reflecting strong investor confidence. The company is well-positioned with a strong balance sheet, zero debt, and NZ$34 million in cash to pursue growth opportunities.
Key Points
  • 47% increase in exit run rate of subscription revenue.
  • Reiteration of 35% growth guidance in subscription revenue.
  • EBITDA breakeven expected in 2H FY26.
  • Total revenue of NZ$12.9 million.
  • Gross margin increased to 75%.
  • Launch of AI-driven PolePilot™ for utility pole analysis.
  • Successful A$24 million capital raise.
  • Elevated to ASX All Ordinaries Index.
  • Strong balance sheet with NZ$34 million cash and no debt.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.