ikeGPS Posts NZD 25.155M Revenue, $16.3M Net Loss for FY2025

Strong Revenue Growth

ikeGPS Limited, a technology company specialising in software and services, announced its financial results for the 12 months ending 31 March 2025. The company reported a robust 19.2% increase in revenue, reaching NZD 25.155 million, up from the previous year. This growth signals continued demand for ikeGPS’s offerings and suggests the company is expanding its market presence despite challenging conditions.

Persistent Losses Cloud Outlook

Despite the revenue growth, ikeGPS recorded a net loss of NZD 16.338 million for the period, consistent with the prior year’s loss. This sustained deficit highlights ongoing operational or strategic challenges that the company has yet to overcome. The loss also reflects in the net tangible assets per share, which fell to negative $0.01, indicating a weakened balance sheet position.

Dividend and Investor Implications

The company has not proposed any dividend for the financial year, a decision likely influenced by the continued losses and the need to preserve cash for operational needs or investment. Investors may view this as a cautious approach, prioritising financial stability over shareholder returns in the near term.

Looking Ahead

While the results show promising top-line growth, the lack of profitability raises questions about ikeGPS’s path to sustainable earnings. The company’s management, led by James Macdonald, will need to address the underlying causes of the losses and articulate a clear strategy to return to profitability. The accompanying audited financial statements may provide further insights into cost structures and investment priorities.

Overall, ikeGPS’s FY2025 results present a mixed picture: growth in revenue tempered by ongoing financial challenges. Stakeholders will be watching closely for updates on how the company plans to convert its revenue momentum into positive earnings.