ikeGPS Group Limited (ASX:IKE)

ikeGPS Group Limited (IKE) reported strong performance in the third quarter of FY26, with significant growth across operational performance, product development, and balance sheet strength. The company achieved a 35% increase in the Exit Run Rate (ERR) of subscription revenues compared to the previous corresponding period, bringing it to NZ$21.1 million on an annualized basis. The recognized platform subscription revenue grew by 38% year-on-year. IKE is developing new customer council-led subscription software modules, expecting initial beta testing for Module One within nine months. The company's IKE PoleForeman software exceeded NZ$10 million in recurring revenue within two years of its release. IKE continues to benefit from favorable market conditions in North America, where there is significant demand for infrastructure investment, particularly for grid modernization, renewable energy, and 5G deployment. The company remains financially strong with NZ$32.3 million in cash and no debt, supporting its strategic growth efforts and product development initiatives.