Gentrack posts 9.8% revenue growth to $112m

Gentrack Group reported revenue growth of 9.8% to $112.0m for the half-year ending March 31, 2025. Utilities revenue rose 7.2% to $92.8m with recurring revenue up 17%, while Veovo revenue increased 24% to $19.2m.

Net profit after tax surged 34.7% to $7.2m and the company's net cash position improved 80.1% to $70.7m. EBITDA reached $13.0m, up 5.1%.

Gentrack expects full-year 2025 revenue at or above $230m with an EBITDA margin above 12%.