Acusensus posted a 45% jump in FY26 revenue to $86.2 million, driven by major contract wins in New Zealand and the US, alongside robust domestic expansions. Despite a widened net loss due to a $16 million litigation settlement, adjusted EBITDA climbed 49%, reflecting operational momentum and strategic investments.
- 45% revenue growth to $86.2 million
- Adjusted EBITDA up 49% to $8.5 million
- Net loss widens to $24.3 million due to $16 million litigation settlement
- International revenue grows 443% to 27% of group revenue
- Strong contract pipeline with $97 million contracted for FY27
Record Revenue Growth Amid Litigation Costs
Acusensus Limited (ASX:ACE) delivered a standout FY26 performance with revenue surging 45% to $86.2 million, propelled by a wave of new contracts and expansions both domestically and internationally. The company’s adjusted EBITDA rose 49% to $8.5 million, reflecting operational leverage and solid top-line momentum. However, net profit took a hit, plunging to a loss of $24.3 million, mainly due to a $16 million one-off litigation settlement with Redflex Traffic Systems and associated legal fees.
This financial year marked a turning point for Acusensus, as it broadened its global footprint and diversified its revenue base. International revenue exploded by 443%, now accounting for 27% of group sales, up from just 7% a year ago. Key contributors included the NZ$92 million nationwide mobile speed camera contract in New Zealand and the US$22.6 million five-year automated work zone speed contract with Connecticut Department of Transportation, which went live in June 2026.
Contract Wins and Domestic Expansion Drive Growth
Acusensus secured approximately $118 million of new contract value during FY26, with an estimated $220 million of contracted revenue remaining to be delivered. In Australia, the company retained 100% of its contracts and expanded 75% of them, including a $19.9 million five-year multi-function fixed site enforcement contract with the Western Australia Road Safety Commission and a $16.6 million extension doubling speed trailer units in Queensland.
The company’s transportable and fixed enforcement units now number around 220, a 47% increase year-on-year, deployed across 20 jurisdictions in four countries. The ACT government enhanced its mobile phone detection program to include seatbelt enforcement, while New South Wales exercised a six-month extension on its mobile speed camera contract, with an option for a further six months.
Early FY27 has seen Queensland exercise a $4.3 million extension to its mobile phone and seatbelt detection contract, underscoring ongoing customer confidence. The company’s pipeline remains robust, with $97 million of revenue already contracted for FY27 and expectations to surpass $100 million in annual revenue.
Innovation and New Product Launches Bolster Competitive Edge
Acusensus continued to invest heavily in R&D, releasing new enforcement capabilities such as bi-directional phone and seatbelt detection trailers, which maximize operational reach by detecting offences in both directions of travel. The company also installed its first low-capex fixed red-light and speed enforcement test site in New South Wales, which operates without invasive road loops or traffic signal integration.
The Forsite platform, launched commercially in October 2025, targets the multi-billion-dollar global market for roadside worker safety. Forsite integrates advanced sensor detection, connected wearables, and cloud analytics to provide early warnings of approaching vehicle risks. During FY26, Forsite secured multi-year contracts with Tier-1 infrastructure and construction companies and expanded its international business development presence with a UK-based appointment to support market entry across the UK and Western Europe.
Strong Balance Sheet and Cash Flow Support Growth Ambitions
Acusensus closed FY26 with a healthy cash position of $26.2 million, bolstered by a $30 million equity raise in December 2025 and an undrawn $5 million revolving credit facility with Citibank. Capital expenditure increased to $16.5 million, primarily invested in trailers, cameras, and motor vehicles to support contract mobilisations and expansions.
Operating cash flow (excluding litigation settlement) was positive at $3.0 million, despite a negative working capital movement driven by higher inventories and contract mobilisation costs. The company’s net assets rose to $63.6 million, reflecting investments in growth and innovation.
Road Safety Impact and Market Leadership
Acusensus’ technology continues to demonstrate measurable road safety benefits. In Queensland, seatbelt enforcement programs have contributed to a 36% reduction in unrestrained fatalities, estimated to have saved around 15 lives annually. In the UK, Devon & Cornwall Police reported an 80% drop in mobile phone offences and an 83% reduction in seatbelt violations since deploying Acusensus solutions. In the US, the South Lake Minnetonka Police Department in Minnesota recorded zero fatalities on Highway 7 since February 2025, deploying real-time distracted driving and seatbelt enforcement.
These outcomes reinforce Acusensus’ position as a global leader in AI-enabled road safety enforcement, with a multi-function platform addressing the Fatal Five dangerous driving behaviours: distracted driving, seatbelt non-compliance, speeding, drug/alcohol impairment, and fatigue.
Governance and Leadership
The company’s leadership team, led by Managing Director Alexander Jannink and CFO Anita Chow, has been strengthened with key appointments in the US to support expanding operations. The Board remains confident in Acusensus’ sequential growth strategy, underpinned by disciplined capital allocation, robust risk management, and ongoing innovation.
Acusensus holds multiple ISO certifications across quality, environmental management, information security, and health and safety, reflecting its commitment to operational excellence and data privacy compliance, including GDPR alignment for European operations.
What to Watch Next
With FY27 off to a strong start and a contract pipeline that includes extensions in Queensland and NSW, Acusensus is positioned to build on its momentum. The company’s ability to convert its growing international pipeline, particularly in the US and UK, and to commercialise the Forsite platform at scale will be critical. Investors should also monitor any developments related to ongoing litigation and intellectual property risks that have historically influenced earnings volatility.
Bottom Line?
Acusensus is scaling rapidly with strong contract growth and innovation, but investors should weigh operational gains against one-off litigation costs and execution risks in new markets.
Questions in the middle?
- How will Acusensus sustain margin improvement as international contracts grow, given their lower gross margins?
- What is the outlook for the NSW Mobile Speed Camera contract beyond the current extension options?
- How quickly can Forsite transition from pilot and early contracts to meaningful recurring revenue?