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How Will Icetana’s SoftBank Deal Fuel Its SaaS Transformation Amid Revenue Drop?
3:11pm on Thursday 23rd of October, 2025 AEDT
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How Will Icetana’s SoftBank Deal Fuel Its SaaS Transformation Amid Revenue Drop?
3:11pm on Thursday 23rd of October, 2025 AEDT
Key Points
49% decline in total sales revenue to $1.89 million in FY25
Recurring SaaS and maintenance revenues now 96% of total, up from 26% in FY24
$3.6 million strategic partnership and equity investment from SoftBank Robotics Group
Full acquisition of UAE subsidiary strengthens Middle East presence
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