What were the key financial results for Trade Window Holdings Limited (ASX:TWL) in FY26?

TradeWindow reported a 20 per cent increase in trading revenue to NZ$9.6 million and cracked the NZ$10 million Annual Recurring Revenue (ARR) milestone, finishing at NZ$10.1 million.

Is TradeWindow (ASX:TWL) profitable right now?

No, TradeWindow is not yet profitable. The company posted a net loss after tax of NZ$2.6 million and an EBITDA loss of NZ$1.2 million for FY26.

What is driving TradeWindow’s (ASX:TWL) revenue growth?

Growth is primarily being driven by higher average revenue per customer (ARPC) and strong customer retention, which sits at 89%

What is the long-term revenue trend for TradeWindow (ASX:TWL) since its listing?

TradeWindow has maintained an unbroken upward revenue trajectory since listing on the NZX in November 2021. This is highlighted by a strong 28 per cent organic revenue compound annual growth rate (CAGR) since FY23, demonstrating durable demand from shippers and freight forwarders.

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TradeWindow revenue rises 20% to NZ$9.6M

Written by Heidi Cuthbert Published May. 28 2026Last Updated May. 28 2026

Global trade software company Trade Window (ASX:TWL) has reported strong audited results for the 2026 financial year, driven by improved customer retention and higher average revenues.

The company’s trading revenue rose 20% to NZ$9.6 million, up from NZ$8 million in FY25, whilst annual recurring revenue surpassed the NZ$10 million milestone for the first time to finish at NZ$10.1 million.

The growth continues on an unbroken upward trajectory since TradeWindow listed on the NZX in November 2021, reflecting a 28% organic revenue compound annual growth rate since FY23.

The company's full-year highlights reveal an improved EBITDA loss of NZ$1.2 million—a NZ$0.3 million recovery from the previous year—alongside a net loss after tax of NZ$2.6 million.

TradeWindow achieved a 60% gross margin for the full year and a customer retention rate of 89%.

Key growth drivers included increased average revenue per customer, with shipper ARPC climbing 22% to NZ$30,352 and freight forwarder ARPC jumping 27% to NZ$13,907.

TradeWindow is currently targeting FY27 trading revenue between NZ$10.9 million and NZ$11.3 million, with expectations that EBITDA will approach breakeven.