ikeGPS Group achieves 35% growth in subscription revenue

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ikeGPS Group achieves 35% growth in subscription revenue
ikeGPS Group achieves 35% growth in subscription revenue
Isaac Francis
Written by Isaac Francis
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ikeGPS Group (ASX:IKE) reported a strong performance for the nine months ended Dec. 31, 2025, with its annualised subscription revenue exit run rate climbing 35% to NZ$21.1 million.

The growth was complemented by a 38% increase in recognised subscription revenue and a significant expansion in gross margins, which reached 79%.

Supported by a cash position of NZ$32.3 million and zero debt, the company reaffirmed its FY26 guidance for 35% or greater growth in subscription revenue.

Management expects to reach EBITDA breakeven on a monthly run-rate basis by the end of the fiscal year, driven by strong demand for its AI-powered PolePilot platform and grid modernization projects across North America.

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