IkeGPS achieves strong subscription growth, acquisition approach received and rejected

ikeGPS Group Limited (NZX: IKE) has announced a strong fourth quarter for fiscal year 2025, marked by a 48% increase in annual platform subscription revenue, driving the exit run rate to NZD 17.6 million. The company anticipates similar robust ARR growth in FY26, projecting levels of 35% or higher. During 4Q25, ikeGPS secured approximately NZD 12 million in contracts. The company also reported that its total cash and net receivables grew by NZD 1.8 million to NZD 15.4 million for the quarter. Total recognized revenue for the period reached NZD 25.2 million, a 19% increase compared to the previous period, with subscription revenue accounting for NZD 14.4 million of the total.