OpenLearning H1 revenue jumps 43% to $2M
- OpenLearning reported strong half-year financial growth, driven by expansion in its core software business.
- The company's EBITDA loss narrowed by 27.1% to $1.22 million following the revenue increase.
- Growth was supported by new university client wins across the Philippines, Malaysia, and Australia.
OpenLearning (ASX:OLL) increased half-year revenue by 42.8% to $2 million for the six months ended June 30.
The higher revenue was driven by a 30.6% rise in platform Software-as-a-Service fees to $1.6 million, compared with $1.4 million in the prior corresponding period.
Gross profit increased 64% to $1.3 million as gross margins expanded 8.4 percentage points to 63%.
"The first half of 2026 demonstrates that our strategy is working," said OpenLearning Group CEO & Managing Director Adam Brimo.
Platform annual recurring revenue reached $3.3 million, while average revenue per business customer rose to 12,369 across active clients.
The company stated that its core operational business used $0.19 million in cash during the period, excluding sales, marketing, and listed entity expenses.
Following the announcement, the OpenLearning share price was unchanged at $0.014.
The business launched product initiatives during the period, including The Uni Guide and a refreshed Employability Advantage platform.
Expansion was supported by new institutional agreements, including securing Philippine Normal University through reseller CE-Logic.
