middle.news

Objective’s AI strategy faces its first major test after Defence contract exit

9:05am on Friday 23rd of October, 2026 AEDT • Information Technology
Read Story

Objective’s AI strategy faces its first major test after Defence contract exit

9:05am on Friday 23rd of October, 2026 AEDT
Key Points
  • Revenue rose 9% to $134.7 million and net profit increased 5% to $37.2 million
  • SaaS revenue grew 22%, but the Defence agreement contributing $8.3 million in FY2026 was not renewed
  • NHVR contract discontinuation reduces FY2027 ARR by $3.2 million
  • FY2027 adjusted EBITDA expected to be at least $40 million, versus $51.5 million cited for FY2026
Read Story
middle.

Tap to Read

Tap the card to read the full analysis
about Objective (ASX:OCL)
OPEN ARTICLE