Objective Corporation Limited reported a solid 9% increase in revenue to $66.7 million and a 10% rise in net profit after tax to $18.7 million for the half-year ended 31 December 2025, bolstered by the acquisition of Isovist Holdings Limited and strong investment in AI-driven innovation.
- 9% revenue growth to $66.7 million
- 10% net profit increase to $18.7 million
- Acquisition of Isovist Holdings Limited enhances Planning & Building segment
- 12% growth in Annualised Recurring Revenue to $120 million
- Interim unfranked dividend declared at 13 cents per share
Robust Financial Performance Amid Strategic Expansion
Objective Corporation Limited has delivered a strong first half for the 2026 financial year, reporting a 9% increase in revenue to $66.7 million and a 10% rise in net profit after tax to $18.7 million. Adjusted EBITDA also grew by 11% to $25.9 million, reflecting operational efficiency alongside top-line growth. The company’s Annualised Recurring Revenue (ARR), a key indicator of future contracted revenue, rose 12% to $120 million, underpinning a positive outlook for sustained growth.
The half-year results were buoyed by the strategic acquisition of Isovist Holdings Limited on 1 July 2025. This move has strengthened Objective’s Planning & Building business, which saw a remarkable 39% increase in revenue and 29% growth in ARR. Isovist’s e-planning software complements Objective’s existing digital planning solutions, positioning the group to capture more market share in Australia and New Zealand.
Innovation and AI Investment Drive Product Leadership
Research and development investment increased by 10% to $16.6 million, representing 28% of software revenue. The company continues to focus heavily on AI capabilities, integrating multi-modal AI features such as auto-redaction and content summarisation across its Information Intelligence platform. This platform, which consolidates several products into a unified data governance solution, has seen ARR grow 10% to $84.4 million.
Objective’s cloud migration efforts are gaining traction, with over 20,000 users onboarded and new customer wins across Australia, New Zealand, and the UK. The Planning & Building segment is also innovating with AI-enhanced remote inspections and expanded consent processing, reinforcing Objective Build as a leading consenting system.
Strong Cash Position and Shareholder Returns
Operating cash flow improved significantly to $21.7 million, supporting a 13% increase in cash reserves to $95.1 million. The company remains debt-free, maintaining a solid balance sheet to fund ongoing innovation and potential acquisitions. An interim unfranked dividend of 13 cents per share was declared, reflecting confidence in cash flow generation despite the Dividend Reinvestment Plan remaining suspended.
Outlook: Confident Growth with Strategic Focus
CEO Tony Walls expressed optimism for the remainder of FY2026 and beyond, highlighting the company’s strong foundation and innovation momentum. The company expects ARR growth of 10-14% on a constant currency basis, with Objective Build’s Australian launch anticipated to contribute modestly this year but set to accelerate growth in FY2027. Continued investment in AI, product development, and M&A remains central to Objective’s strategy to deliver long-term shareholder value.
With a world-class team and a clear market strategy, Objective Corporation is well positioned to capitalise on digital transformation trends in regulated industries, leveraging its trusted platforms and proprietary data to maintain a competitive edge.
Bottom Line?
Objective’s blend of strategic acquisition, AI innovation, and strong financial discipline sets the stage for sustained growth and market leadership.
Questions in the middle?
- How will the integration of Isovist Holdings impact Objective’s profitability and ARR in the coming quarters?
- When will the Dividend Reinvestment Plan be reinstated, and how might that affect shareholder returns?
- What specific AI-driven product enhancements are planned to differentiate Objective’s platforms further?