Why did Gentrack Group's (ASX:GTK) revenue and profit drop this half?

The slight drop in revenue and compression in NPAT were primarily caused by temporary operational headwinds in Gentrack's utilities division.

Which business segment performed the best for Gentrack Group (ASX:GTK)?

The airport-focused Veovo business was the standout performer, underpinning an 11.6% rise in total recurring revenue. Veovo delivered stellar growth by consistently securing major international contract wins and system upgrades.

What companies did Gentrack Group (ASX:GTK) acquire in May 2026?

Gentrack finalised two strategic bolt-on acquisitions: UK-based tech firm DTP and New Zealand-founded SaaS business Prospero Energy, which trades as Factor.

How do the acquisitions of DTP and Factor fit into Gentrack Group's (ASX:GTK) AI strategy?

The acquisitions are designed to embed artificial intelligence and predictive machine learning across Gentrack's core software ecosystems. DTP injects AI-centric capabilities directly into the Veovo airport network to optimise operations.

Image for illustrative purposes only. Not a real photo.

Gentrack strategic acquisitions offset softer half-year profit

Q: What were the key financial results for Gentrack Group (ASX:GTK) in its H1 2026 earnings report?

Gentrack reported that its half-year revenue eased slightly to NZ$110.1 million, down from NZ$112 million in the prior corresponding period. Statutory net profit after tax compressed to NZ$5.1 million from NZ$7.2 million, while underlying EBITDA settled at NZ$7.9 million. However, core recurring revenue bucked the trend, rising 11.6% to NZ$85.3 million.

Written by Jon CuthbertPublished May. 17 2026Last Updated May. 17 2026

Gentrack Group (ASX:GTK) unveiled its half-year results to March 31, delivering a resilient performance despite temporary operational headwinds.

Group revenue eased slightly to NZ$110.1 million from NZ$112 million in the prior corresponding period, impacted by protracted sales cycles and two unexpected new client delays within its utilities division.

Statutory net profit after tax compressed to NZ$5.1 million against NZ$7.2 million in H1 25, while underlying EBITDA, excluding acquisition costs, settled at NZ$7.9 million.

Despite these short-term pauses, the company's core recurring revenue rose 11.6% to NZ$85.3 million, underpinned by stellar growth in its airport-focused Veovo business, which continues to secure major international contract wins and upgrades.

Leveraging a robust, debt-free balance sheet holding NZ$73.2 million in cash reserves, Gentrack has deployed capital this May to accelerate its next-generation growth engine.

The technology provider finalised two strategic bolt-on acquisitions aimed at embedding artificial intelligence and advanced predictive capabilities into its flagship software platforms.

The company acquired UK-based DTP to inject AI-centric capabilities into its Veovo airport network, alongside purchasing New Zealand-founded SaaS business Prospero Energy (trading as Factor).

Factor’s machine-learning platform will be integrated into Gentrack’s g2 energy retail framework, empowering global utilities to manage risk, optimise commercial electricity pricing, and navigate highly volatile, renewable-driven grid markets.

Management re-affirmed its long-term conviction following the integrations, retaining its medium-term compound annual growth rate target of more than 15%.