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Soco Corporation Ltd ( (AU:SOC) ) has shared an update.
SOCO Corporation reported first-half FY26 revenue of $9.7 million, down 12% year on year, as growth in its core consulting business was offset by sharply lower revenue from its AxSym unit due to delayed federal government projects. The company booked an underlying EBITDA loss of $0.6 million and a statutory net loss after tax of $5.9 million, driven by a $4.6 million goodwill impairment linked to the AxSym acquisition and restructuring costs, although no further AxSym earn-out will be payable, reducing the overall acquisition cost.
Management undertook a cost reset and invested in sales capability, helping deliver the strongest first-half contracted sales on record at more than $10 million and a growing pipeline expected to support stronger second-half revenue and profit. SOCO is strategically repositioning its managed services offering, securing multi-year and renewed engagements with government, regulatory and private-sector clients, which, together with ISO recertifications, is aimed at bolstering recurring revenue, improving visibility and reinforcing its standing with security- and compliance-focused customers.
The most recent analyst rating on (AU:SOC) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Soco Corporation Ltd stock, see the AU:SOC Stock Forecast page.
More about Soco Corporation Ltd
SOCO Corporation Ltd is an Australian information technology services consultancy listed on the ASX, providing project delivery and managed services to government, regulatory, infrastructure and enterprise clients. The company focuses on data and portal solutions, ERP implementations and recurring managed services, supported by ISO-certified quality, security, safety and environmental management systems.
Average Trading Volume: 82,377
Technical Sentiment Signal: Hold
Current Market Cap: A$8.36M
For an in-depth examination of SOC stock, go to TipRanks’ Overview page.