Gentrack outlines vision for utility modernization and airport growth

Gentrack's strategy for its utilities division focuses on accelerating global modernization towards a net-zero future, targeting a NZ$17bn total addressable market by leading the adoption of its g2.0 technology stack. The company aims to achieve over 15% CAGR in Asia and EMEA, with a strong pipeline for FY26. Gentrack reports a strong balance sheet with $85m cash at the end of FY25, highlighting its "Shorter, less risky deployments" model for faster customer transformation and earlier annual recurring revenue.

The Veovo division, focused on intelligent airports, reports a five-year growth story including 100% revenue growth, a 40% increase in staff, and a 30% rise in airports served. Veovo is expanding into new market segments, including Air Navigation Service Providers, securing a long-term contract with NAV Canada, the world's second-largest ANSP. Veovo is positioning itself as a leader in "Airport 4.0" with 82% of airports planning to invest in AI/ML before the end of 2026 for passenger flow and operational efficiency. The Middle East is identified as a key growth region for Veovo, with 48 expansion projects valued at $182.6bn underway.