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An announcement from Reckon Limited ( (AU:RKN) ) is now available.
Reckon reported a strong FY25, with group revenue up 15% to $62.4 million, EBITDA up 29% to $26.1 million and NPAT surging 94% to $7 million, supported by the acquisition of Cashflow Manager and robust organic growth. Cloud-based Reckon One revenue rose 27%, lifting Business Group cloud revenue by 8%, while the Legal Group increased subscription income 15%, more than doubling revenue from its Billing Workflows platform and expanding its installed base of attorneys as it invests heavily in product development to capture a larger share of the US and UK legal tech market.
The Business Group completed the integration of Cashflow Manager, maintained EBITDA margins of 52% and boosted operating cash flow to $8.7 million after $15.1 million in development spend, reinforcing the company’s capacity to fund further cloud innovation and migration of legacy users. Zebraworks grew annual recurring revenue to $13.7 million, launched its first client-facing AI tool within DataQ AI and continued to build scale in a serviceable market it estimates at 77,000 attorneys, underlining Reckon’s strategy to drive high-margin recurring revenues and deepen its position in legal workflow and billing solutions.
The most recent analyst rating on (AU:RKN) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Reckon Limited stock, see the AU:RKN Stock Forecast page.
More about Reckon Limited
Reckon Limited is an Australian software company focused on cloud-based accounting, payroll and practice management solutions for small businesses and professional services firms. Through its Business Group and its US- and UK-facing Legal Group, trading as Zebraworks, the company targets recurring subscription revenues from SMEs and law firms adopting workflow and billing automation tools.
YTD Price Performance: -12.28%
Average Trading Volume: 44,546
Technical Sentiment Signal: Sell
Current Market Cap: A$56.63M
See more insights into RKN stock on TipRanks’ Stock Analysis page.