Aeeris Ltd has reported a profitable second quarter for FY26, with total unadjusted revenue rising 61% year-on-year to $1.54 million and annual recurring revenue climbing 16.5% to nearly $4 million. The company’s operational advances and disciplined cost control underpin a promising path to sustainable profitability.
- 61% year-on-year increase in total unadjusted revenue to $1.54 million
- Annual recurring revenue (ARR) grows 16.5% year-on-year to $3.99 million
- Achieved unaudited net profit of $62,827 after adjusting for unearned revenue
- Expanded customer base with wins in transport logistics, insurance, and solar sectors
- Successfully passed ISO27001 Year 1 Surveillance Audit, reinforcing security credentials
Financial Performance and Profitability
Aeeris Ltd has delivered a pivotal second quarter in FY26, marking a significant milestone with its first profitable quarter after adjusting for unearned revenue. The company reported total unadjusted revenue of $1.54 million, representing a robust 61% increase compared to the same period last year. This growth was bolstered by a $506,993 R&D tax incentive rebate, contributing to an underlying unaudited net profit of $62,827 for the quarter.
Annual recurring revenue (ARR) climbed 16.5% year-on-year to nearly $4 million, reflecting strong subscription-based income and customer retention. Notably, 58% of new contracted revenue came from existing customers, underscoring the value and stickiness of Aeeris’ proprietary product suite.
Operational Highlights and Market Expansion
The quarter saw Aeeris deepen its footprint across multiple sectors, including transport logistics, insurance, and solar energy. Key wins included contracts with Nearmap, integrating Aeeris’ Tropical Cyclone mapping and wind intelligence into Nearmap’s ImpactResponse System, a significant validation of Aeeris’ geospatial and forecasting capabilities.
Additionally, the company advanced its presence in the solar industry by partnering with two of the largest solar tracker providers and secured new business with UGL and Yarra Trams through its collaboration with Tomorrow.io. These developments highlight Aeeris’ strategic expansion into critical infrastructure and emerging markets.
Technology and Compliance Strengthening
Aeeris’ proprietary AWARE platform continues to deliver operational leverage by bringing forecasting and hail services in-house, reducing reliance on third-party data and improving gross margins. This structural shift supports scalability and competitive differentiation.
On the compliance front, the company successfully passed its ISO27001 Year 1 Surveillance Audit, reinforcing its status as a security-accredited, enterprise-grade technology provider. This certification is crucial for securing contracts in sectors where data governance and operational resilience are mandatory.
Cash Position and Cost Management
Cash receipts for the quarter totalled $1.55 million, with $1.04 million from customers, contributing to a healthy cash position of $1.4 million at the half-year end. While some costs increased due to weather-related communication activities and compliance expenses, disciplined overhead control remains a priority, supporting Aeeris’ path to sustainable profitability.
Looking ahead, the company is investing in new proprietary intelligence capabilities and expanding trials with local governments to enhance decision-making and risk management solutions.
Bottom Line?
Aeeris’ profitable quarter and expanding ARR signal growing market traction, but sustaining momentum will require continued innovation and customer diversification.
Questions in the middle?
- Can Aeeris maintain profitability as it scales and invests in new capabilities?
- How will integration with partners like Nearmap influence future revenue streams?
- What impact will weather volatility have on operational costs and service demand?