What were the key highlights of the ikeGPS Group (ASX:IKE) FY26 financial results?

ikeGPS Group delivered on its FY26 full-year financial guidance, driven by a 33% surge in platform subscription revenue to approximately NZ$18.2 million. The company achieved a milestone by hitting a positive underlying EBITDA in the month of March. Additionally, total full-year revenue expanded by 6% over the previous corresponding period to reach NZ$26.6 million.

Is ikeGPS Group (ASX:IKE) profitable after its FY26 update?

The company is not yet fully profitable on a full-year basis, but it is moving closer to breakeven. Its full-year EBITDA loss significantly narrowed to NZ$4 million, down from a NZ$6 million deficit in the prior year.

How did margins improve for ikeGPS Group (ASX:IKE) in FY26?

The company's growth was underpinned by major operational efficiencies that boosted its overall gross margin percentage to roughly 80%, up from 68% in the previous period. This expansion was led by its core platform subscription gross margins, which reached an outstanding 84%.

What is the exit run rate for ikeGPS Group (ASX:IKE) and why does it matter?

ikeGPS maintained an annualised exit run rate (ERR) for subscription revenue of NZ$20.7 million at the end of the financial year, marking a 21% increase in constant currency.

How healthy is the ikeGPS Group (ASX:IKE) balance sheet regarding debt and cash?

The company possesses a robust, de-risked balance sheet with zero debt, making it highly defensive against rising interest rates. Moving forward, ikeGPS remains well-capitalised with NZ$8.2 million in cash and NZ$4.6 million in net receivables.

What role does artificial intelligence play in the ikeGPS Group (ASX:IKE) growth strategy?

nnovation via AI is a primary growth driver, demonstrated by the launch of PolePilot, an AI-driven automation platform designed for power distribution assets. The new product successfully triggered a 10% price uplift across the entire IKE Office Pro subscriber base.

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ikeGPS hits FY26 guidance as revenue surges

Written by Mahathir BayenaPublished May. 28 2026Last Updated May. 28 2026

ikeGPS Group (ASX:IKE) delivered on its FY26 full-year financial guidance, highlighted by achieving a positive underlying EBITDA in March and a 33% rise in platform subscription revenue to approximately NZ$18.2 million.

Total revenue expanded by 6% over the previous corresponding period to reach NZ$26.6 million.

The growth was underpinned by exceptional operational improvements, with the overall gross margin percentage climbing to roughly 80%—up from 68% in the previous period—and platform subscription gross margins hitting an outstanding 84%.

Total gross margin grew 22% to NZ$21.3 million, while full-year EBITDA narrowed to a loss of NZ$4 million from a NZ$6 million deficit previously.

The company maintained an annualised exit run rate for subscription revenue of NZ$20.7 million, up 21% in constant currency.

This was supported by excellent enterprise metrics, including a 97% customer retention rate, 46 major subscription accounts active for over 12 months, and eight brand-new subscription clients onboarded during the financial year.

Innovation remained a key driver, with the launch of PolePilot, an AI-driven automation platform for power distribution assets, successfully triggering a 10% price uplift across the IKE Office Pro subscriber base without causing churn.

Moving forward, ikeGPS remains capitalised with NZ$8.2 million in cash, NZ$4.6 million in net receivables, and zero debt.

Its software is now active across all 50 US states, capturing eight of North America’s top ten investor-owned utilities as it prepares for similar growth lines into FY27.