Urbanise Accelerates NAB Partnership, Eyes DPIS Launch Amid Revenue Growth
Urbanise.com Limited reported a 22% revenue increase in Q2 FY2026, driven by its strategic partnership with National Australia Bank and ongoing development of its Data and Payments Integration Services platform. Despite short-term cash outflows, the company targets positive operating cash flow by FY2027.
- 22.2% revenue growth in Q2 FY2026 to $3.69 million
- New contract wins totaling $136k in licence fees and $76k in professional fees
- Continued investment in DPIS platform with NAB partnership
- Net operating cash outflows of $211k for the quarter
- Closing cash balance of $12.6 million with no material debt
Revenue Growth and Contract Wins
Urbanise.com Limited (ASX, UBN) has reported a solid 22.2% increase in total revenue for the second quarter of fiscal year 2026, reaching $3.69 million. This growth was largely driven by licence fees, which accounted for 87.2% of total revenue, and professional fees, both boosted by the company’s expanding partnership with National Australia Bank (NAB). New contract wins during the quarter added $136,000 in annual licence fees and $76,000 in professional fees, reflecting steady customer acquisition in both strata and facilities management segments.
Strategic Focus on DPIS Platform Development
A key highlight of the quarter was Urbanise’s continued progress on its Data and Payments Integration Services (DPIS) platform, developed in collaboration with NAB. The company advanced application builds, banking integrations, and customer usability testing, aiming to unify payments and strata data within a single platform. This integration promises to streamline financial workflows for strata owners and managers, replacing fragmented external payment solutions with a seamless, embedded alternative.
Cash Flow and Investment Outlook
Urbanise recorded net operating cash outflows of $211,000 in the quarter, reflecting upfront investments in the DPIS rollout and associated NAB partnership activities. Despite these outflows, the company maintained a healthy closing cash balance of $12.6 million and reported no material debt. Management anticipates continued negative operating cash flow through FY2026 due to ongoing development costs but targets a return to positive cash flow in FY2027 as the DPIS platform gains market traction and the core business expands.
Market Position and Future Prospects
CEO Simon Lee emphasised the strategic importance of DPIS, noting its potential to transform strata management by embedding banking-grade payments directly into the platform. While regulatory compliance and operational standards present challenges, the company remains committed to a calendar year 2026 launch. Meanwhile, Urbanise continues to pursue sales growth across its existing markets, focusing on converting pipeline opportunities into contracted revenue.
Balancing Growth with Financial Discipline
Urbanise’s disciplined approach to cash management, alongside its investment in innovation, positions it well for sustainable growth. The company’s ability to manage working capital effectively and control costs will be critical as it navigates the complexities of integrating financial services within its SaaS offerings. Investors will be watching closely to see how the DPIS platform rollout impacts revenue streams and cash flow dynamics in the coming quarters.
Bottom Line?
Urbanise’s strategic investment in integrated payment solutions signals a transformative phase, with FY2027 poised as a pivotal year for financial turnaround.
Questions in the middle?
- How will regulatory hurdles impact the DPIS platform’s launch timeline?
- What is the expected customer adoption rate for the integrated payments solution?
- How will ongoing DPIS investments affect Urbanise’s profitability beyond FY2026?
