Latest Nuix (ASX:NXL) News

Nuix Limited reported an 8% rise in Annualised Contract Value for FY25, powered by a surge in Nuix Neo sales, despite posting a net loss after tax. The company’s strategic pivot to higher-value contracts and technology restructuring sets the stage for FY26.

Nuix Limited reported a slight revenue increase to $221.5 million for FY25 but swung to a net loss of $9.2 million, weighed down by rising legal fees and restructuring costs. The company’s AI-driven Nuix Neo platform showed strong contract growth, while cash EBITDA improved significantly.

Nuix Limited has withdrawn its FY25 growth targets due to unpredictable timing in closing large deals, despite maintaining a strong pipeline and confidence in its strategic direction.

Nuix projects solid growth in Annualised Contract Value and revenue for the first half of FY25, despite elongated procurement timelines and increased contract complexity.