AdNeo Limited has locked in a five-year contract worth approximately $246,400 to deliver and host a custom-branded learning platform for Amplitude Energy, reinforcing its foothold in Australia's energy sector.
- Five-year contract valued at $246,400 excluding GST
- Platform licence and implementation fees cover up to 1,000 users nationally
- Potential for additional revenue from bespoke content development
- Strengthens AdNeo’s presence in the Australian energy sector
- Agreement includes six-month termination option post-launch
Strategic Five-Year Commitment with Amplitude Energy
AdNeo Limited (ASX:AD1) has secured a substantial five-year enterprise agreement with Amplitude Energy to deploy its Learnt platform as the backbone of the newly minted Amplitude Energy Academy. The deal, valued at approximately $246,400 excluding GST, comprises a one-off implementation fee of $18,400 and annual recurring licence fees of $45,600 starting August 2026. This contract covers up to 1,000 users across Australia, spanning onboarding, safety compliance, technical training, and leadership development.
The platform will deliver a fully branded digital academy experience, featuring SCORM-compliant modules, quizzes, automated credentialing, a resource hub, communications forum, and live event scheduling. This aligns with Amplitude Energy’s ambition to build a future-ready workforce as it expands nationally.
Revenue Upside from Bespoke Content Development
While the contract’s headline value covers platform licensing and deployment, it notably excludes bespoke content development, a lucrative potential upsell. Learnt stands to generate additional revenue as Amplitude Energy expands its courseware, with module pricing ranging from approximately $3,400 to $7,050 each. This bespoke content could significantly enhance the lifetime value of the contract beyond the fixed licence fees.
AdNeo’s CEO Angus Washington emphasised the strategic nature of the deal, highlighting that it validates Learnt’s ability to embed learning into organisational culture and operations, particularly in sectors where compliance and safety are critical. This deal complements AdNeo’s recent momentum, following an 89% surge in customer receipts and a near cash flow neutral position reported earlier this year, driven by strong contract wins and acquisitions across its portfolio.
Energy Sector Focus and Contract Flexibility
The energy sector’s regulatory environment and safety demands create a strong structural need for scalable digital learning solutions, making it a key vertical for AdNeo’s enterprise growth. The contract includes a six-month convenience termination right for Amplitude Energy after platform go-live, with pro rata refunds on prepaid fees, introducing some revenue uncertainty in the early stages of the agreement.
This deal follows AdNeo’s recent success in securing major contracts such as the $222,000 deal with Hisense Australia, further cementing its position in the enterprise learning market. The company’s strategy to convert compliance and capability requirements into measurable digital experiences appears to be gaining traction across diverse industries.
Bottom Line?
AdNeo’s new contract with Amplitude Energy offers a solid revenue foundation with promising upside from bespoke content, but early termination rights inject some caution into long-term revenue visibility.
Questions in the middle?
- Will Amplitude Energy’s expansion accelerate bespoke content demand for Learnt?
- How will AdNeo manage contract risk given the six-month termination clause?
- Can AdNeo replicate this energy sector success across other regulated industries?