Asset Vision has boosted its FY26 annual recurring revenue run rate to $6.4 million, driven by multiple new contracts across transport, social housing, and civic infrastructure sectors.
- FY26 ARR run rate climbs 45% to $6.4 million
- New contracts span transport, social housing, and marine sectors
- Multi-year agreements with renewal options secure revenue visibility
- Strategic expansion beyond transport into social and civic infrastructure
- Executive team confident in scaling and global SaaS ambitions
ARR Growth Accelerated by Diverse Infrastructure Deals
Asset Vision Co Limited (ASX:ASV) has propelled its FY26 annual recurring revenue (ARR) run rate to approximately $6.4 million, marking a significant 45% increase since the start of the financial year when ARR stood at $4.4 million. This surge is anchored by a string of new contract wins across the company’s core infrastructure verticals, including transport, social housing, and civic assets.
The contracts underpinning this growth span multiple Australian states and sectors. Notably, NSW Homes has engaged Asset Vision’s platform to manage 150,000 social housing dwellings under an initial three-year deal with options to extend, marking a strategic foothold in the emerging social infrastructure vertical. Meanwhile, the Department of State Growth Tasmania has signed a three-year subscription to deploy Asset Vision’s enterprise asset management (EAM) platform for road infrastructure oversight.
Transport and Civic Infrastructure Contracts Provide Stability
Transport remains a cornerstone for Asset Vision, with Victorian road maintenance contractors Ventia and Fulton Hogan adopting the platform to support recently awarded four-year contracts commencing July 2026. Additionally, Marine and Safety Tasmania, responsible for marine asset management, has also committed to a three-year subscription, broadening Asset Vision’s reach into maritime infrastructure.
Local government infrastructure management is represented by a new enterprise asset management contract with Central Goldfields Shire Council, secured for an initial three years plus a two-year extension option. These multi-year agreements with renewal possibilities offer a strong revenue base and visibility into FY27 and beyond.
Leadership Confident in Scaling and Market Position
Co-Founder and Co-CEO Damian Smith highlighted that while transport remains vital, the company’s platform is increasingly resonating across other verticals. Smith emphasised Asset Vision’s mission to simplify asset management through a user-friendly platform, with the recent contract wins validating this approach.
Co-CEO Lucas Murtagh pointed to the company’s healthy balance sheet, established executive team, and robust sales pipeline as key enablers for scaling operations. He reiterated Asset Vision’s ambition to become a global SaaS leader in enterprise asset management by easing the complexity of critical infrastructure management.
These developments build on earlier momentum, where Asset Vision reported a 38% ARR increase to $5.2 million in the first half of FY26, supported by new council contracts and AI-driven platform enhancements. The latest contract wins push the ARR run rate well beyond that figure, signaling sustained growth in a competitive SaaS market for infrastructure management solutions.38% ARR growth to $5.2 million
Bottom Line?
Asset Vision’s expanding contract footprint and ARR growth position it strongly for FY27, but execution on multi-year deals and vertical diversification will be critical to sustain momentum.
Questions in the middle?
- How will Asset Vision manage integration and delivery across diverse infrastructure verticals?
- What impact will these new contracts have on profitability and cash flow in FY27?
- Can Asset Vision maintain its ARR growth trajectory amid increasing competition in enterprise asset management SaaS?