Orcoda Limited has reported strong half-year FY26 results, showcasing significant growth in revenue, EBITDA, and recurring revenue as it advances its AI-powered transport ecosystem solutions.
- Revenue rises 2% to $9.7 million in HY FY26
- Underlying EBITDA jumps 130% to $146,000
- Annual Recurring Revenue grows 20% to $5.4 million
- Strategic acquisitions enhance AI and fleet management capabilities
- Focus on integrated transport optimisation and smart corridor technologies
Strong Financial Momentum
Orcoda Limited (ASX: ODA) has delivered a promising half-year performance for FY26, with revenue edging up 2% to nearly $9.7 million and underlying EBITDA soaring by 130% to $146,000 compared to the prior corresponding period. Despite a reported loss after tax of $566,000, the company’s 20% increase in Annual Recurring Revenue (ARR) to $5.4 million signals growing stability and recurring income streams.
This financial momentum reflects Orcoda’s strategic positioning in the transport technology sector, where it leverages proprietary software and AI-driven optimisation to serve a diverse customer base across transport, infrastructure, mining, and government sectors.
Integrated Transport Ecosystem Strategy
Orcoda’s vision to build a connected transport future is underpinned by its Intelligent Transport Management System (ITMS), which integrates multiple proprietary platforms including Transport360 and Contractor360. These platforms enable seamless communication between transport and infrastructure, optimising fleet management, scheduling, and safety through AI and telematics.
The company’s recent acquisitions of Betta Group and Future Fleet have bolstered its capabilities in smart transport corridors and telematics integration, respectively. This vertical integration allows Orcoda to offer end-to-end solutions, from booking and payment processing to in-vehicle management and infrastructure installation, positioning it well to capitalise on emerging smart city and transport corridor trends.
Growth Drivers and Market Position
Orcoda’s scalable SaaS model, combined with its focus on AI-driven digital transformation, supports a shorter sales cycle and quicker integration, which are critical for expanding its ARR base. The company’s exposure to favourable end markets such as mining, cold chain logistics, and government transport services provides a diversified revenue foundation.
Additionally, Orcoda emphasises sustainability by helping customers reduce their carbon footprint through improved fleet efficiency, aligning with broader ESG goals. Partnerships with industry leaders, including Telstra, further enhance its market reach and technological integration.
Leadership and Future Outlook
Under Managing Director Patrick Bodegraven’s leadership, supported by a seasoned board and management team with deep expertise in transport logistics and technology, Orcoda is well-positioned to accelerate growth. The company’s ongoing investments in AI and smart transport infrastructure signal a commitment to innovation and long-term value creation.
While the short-term drag on EBITDA from gearing up new initiatives is noted, the strong ARR growth and strategic acquisitions suggest a positive trajectory. Investors will be watching closely for Orcoda’s ability to convert its technology and integration efforts into sustained profitability and market share gains.
Bottom Line?
Orcoda’s HY FY26 results underscore its growing foothold in AI-powered transport solutions, setting the stage for accelerated recurring revenue growth and ecosystem integration.
Questions in the middle?
- How will Orcoda manage the short-term EBITDA drag from scaling new initiatives?
- What are the timelines and milestones for full integration of recent acquisitions?
- How will Orcoda capitalise on emerging smart city and transport corridor opportunities?