Complii FinTech Solutions reported a 4.9% year-on-year increase in annual recurring revenue, progressed a major CRM system upgrade, and secured a $1.217 million R&D rebate in Q1 FY26, while managing cash flow pressures.
- Group ARR up 4.9% year-on-year excluding Registry Direct revenue
- Complii platform facilitated $4.689 billion in new capital raised during the quarter
- Major CRM system rebuild on track for Q2 FY26 delivery
- Received $1.217 million R&D rebate post-quarter
- Net operating cash outflow of $1.097 million with cash at $0.888 million and no debt
Strong Revenue Growth Despite Market Headwinds
Complii FinTech Solutions Ltd (ASX – CF1) has reported a solid start to fiscal year 2026, with group annual recurring revenue (ARR) rising 4.9% year-on-year, excluding revenue from Registry Direct. This growth was driven primarily by a 12.2% increase in the core Complii segment, alongside modest gains in PrimaryMarkets and ThinkCaddie, despite a significant decline in the Advisor Solutions Group.
During the quarter, the Complii platform facilitated approximately $4.689 billion in new capital raised across nearly 1,000 unique offerings, underscoring its pivotal role in the equity capital markets ecosystem. This activity reflects ongoing demand from dealers, brokers, financial advisers, and investors leveraging Complii’s SaaS platform for capital raising and compliance management.
CRM Overhaul Marks a Strategic Inflection Point
A key highlight for the quarter was the advancement of Complii’s multi-stage Customer Relationship Management (CRM) system rebuild. The Stage 1 release, targeted for Q2 FY26, represents a complete overhaul of the core system and infrastructure, introducing a compliance-driven CRM with enhanced scalability and user customization. This upgrade aims to improve performance and user experience by allowing clients to build their own workflows, a significant departure from the previous rigid system.
By transitioning to a pure SaaS model, Complii plans to offer modular subscription options, enabling access to specific compliance functions such as staff trading and anti-money laundering (AML) checks. Subsequent stages will focus on migrating existing modules and customers to the new platform, with anticipated cost efficiencies and a positive cash flow outlook for FY27.
Operational Developments and Product Innovation
PrimaryMarkets enhanced platform security with two-factor authentication and increased investor engagement through enriched content and upcoming audible features. Meanwhile, ThinkCaddie expanded its educational content and is collaborating with MIntegrity on a new AML product slated for launch in early 2026, aligning with evolving regulatory requirements. This cross-unit initiative exemplifies Complii’s strategy to deepen product offerings and tap into new market sectors.
Leadership changes also marked the quarter, with MIntegrity Co-Founder and Co-CEO Andrew Tait resigning, prompting a renewed focus on expense control and business development under remaining CEO Amanda Mark.
Financial Position and Outlook
Financially, the group ended the quarter with $0.888 million in cash and no debt. While customer receipts totaled $1.508 million, the company experienced a net operating cash outflow of $1.097 million, reflecting timing differences and ongoing investment in growth initiatives. Notably, the group received a $1.217 million R&D rebate in October 2025, bolstering near-term liquidity.
Complii’s board remains vigilant on cash flow management, implementing cost reductions including headcount adjustments, and anticipates improved operating cash flow in Q2 FY26 supported by stronger revenue and the R&D rebate. The company does not currently plan to raise additional capital, confident in its funding runway and strategic initiatives.
Overall, Complii FinTech Solutions is navigating a complex market environment with a clear focus on technology transformation, product innovation, and operational discipline to drive sustainable growth and shareholder value.
Bottom Line?
As Complii pushes forward with its CRM transformation and new product launches, investors will watch closely for improved cash flow and market traction in the coming quarters.
Questions in the middle?
- How will the new CRM system impact customer retention and acquisition once fully deployed?
- What is the expected revenue contribution and market reception of the upcoming AML product?
- How will leadership changes at MIntegrity influence strategic priorities and operational execution?