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IKEGPS Group Limited (ASX: IKE) reported a robust Q4 FY25 performance, with its annual subscription revenue run rate (ARR) surging 48% YoY to NZ$17.6 million. Full-year revenue rose 19% to NZ$25.2 million, driven by strong growth in high-margin subscription revenue (+34%). Gross margin improved to 69%, reflecting a favorable shift in the revenue mix. IKE closed approximately NZ$12 million in contracts during the quarter and added 1,300 new subscription seat licenses, pushing the total beyond 8,500, largely fueled by new multi-year deals with top U.S. electric utilities.
The company also revealed it rejected a confidential NZ$1/share acquisition offer (~NZ$165–170 million EV), citing insufficient shareholder support. With NZ$15.4 million in cash and net receivables and no debt, IKE remains financially strong. Looking ahead, the company anticipates >35% ARR growth in FY26, buoyed by continued North American market expansion and increasing adoption of its PoleForeman platform.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
