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EPX lifts recurring revenue and ACV as it invests for growth

Story Highlights
  • EPX grew Annual Contract Value and recurring revenue strongly, with ACV up 10.4% to $18.6 million and ARR up 19.3% to $16.7 million.
  • Despite an underlying EBITDA loss, EPX expanded through acquisitions and new contracts in the U.K., UAE and Australia to support longer-term recurring revenue growth.
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EPX lifts recurring revenue and ACV as it invests for growth

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EPX ( (AU:EPX) ) has provided an update.

EPX reported first-half FY2026 results showing solid growth in contracted and recurring revenues as it continues its transition to a predominantly subscription-based model. Annual Contract Value rose 10.4% to $18.6 million and Annual Recurring Revenue increased 19.3% to $16.7 million, with recurring income now accounting for 97% of total revenue.

New contract wins in the U.K. rail sector, a 10-hospital portfolio in the UAE and an Australian retail portfolio drove a net ACV increase of $1.0 million over six months, while statutory revenue rose 4.3% to $7.9 million. The company booked an underlying EBITDA loss of $0.4 million and operating cash outflow of $1.1 million as it invested in integrating acquisitions such as Wattwatchers, rebranding and expanding its sales and product teams to support future ARR growth.

The most recent analyst rating on (AU:EPX) stock is a Hold with a A$0.24 price target. To see the full list of analyst forecasts on EPX stock, see the AU:EPX Stock Forecast page.

More about EPX

EPX Limited is an ASX-listed technology company that provides the EDGE platform for monitoring and managing large property portfolios, including rail stations, hospitals and retail sites. The business focuses on recurring software and services revenue, targeting portfolio owners aiming to cut carbon emissions and enhance asset value across markets such as the U.K., Australia and the UAE.

Average Trading Volume: 199,772

Technical Sentiment Signal: Sell

Current Market Cap: A$21.59M

See more data about EPX stock on TipRanks’ Stock Analysis page.

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