IKE 1Q FY27 Performance Update
29/07/2026 08:30 NZST, MKTUPDTEP
Subscription Revenue Exit Run Rate growth of 31% vs pcp
FY27 Guidance maintained for ~35% ARR growth
New products forecasted to be in market in 2H, expected to drive further ARR expansion
IKE (ikeGPS Group Limited) (NZX: IKE | ASX: IKE) is pleased to provide an update for the three month period to 30 June 2026. All figures in NZD unless stated, rounded to the nearest decimal.
Summary:
• Annualized Exit Run Rate (ERR) of subscription revenue to ~$22M, +31%vs prior calendar period (pcp)
• Platform Subscription Revenue for the quarter of ~$5.3M, +27% vs pcp
• Gross Margin up to 82%, from 75% vs pcp
• Total Revenue for the quarter ~$6.4M, this is flat vs pcp reflecting some interim softness in one-off and lower margin services revenue
• Subscription enterprise customers up to 476, from 441 vs pcp
• Cash and net receivable position of ~$33.8M
For more detail please see the attached release and join our CEO Glenn Milnes for our webinar at 11:00am AEDT/1:00pm NZDT.
Registration for the investor webinar is available via the link below:
https://us02web.zoom.us/webinar/register/WN_MHeoR_-8QOOfn_nNeSwIzQ
Questions can be pre-submitted to simon@nwrcommunications.com.au or asked via the Q&A function during the webinar. After registering, you will receive a confirmation email containing information about joining the webinar.
ENDS