Latest Recurring Revenue News

WT Financial Group (ASX: WTL) reports robust half-year growth and unveils a $3 billion equity partnership strategy to scale Australia’s largest financial adviser network.

SciDev Ltd has completed a strategic review addressing past underperformance and is refocusing on an integrated water solutions platform targeting core markets. The company confirmed FY26 guidance with revenue of $82 to $87 million and underlying EBITDA of approximately $4 million, while maintaining a sound balance sheet.

Memphasys has locked in a 12-month exclusive supply agreement with Monash IVF for its Felix™ sperm selection system, marking its biggest commercial contract to date and setting a foundation for recurring revenue.

TZ Limited (ASX:TZL) is raising $3.08 million through a $0.50 million placement and a $2.58 million entitlement offer at 3 cents per share to repay debt, fund acquisitions, and accelerate product development.

Simble Solutions edges closer to $1 million in annual recurring revenue as major customer rollouts advance and its NanoSensor program moves forward along a structured development pathway.

X2M Connect has unveiled a new AI-enabled bidirectional streetlight controller in South Korea, expanding its smart city platform and tapping into a $225 million annual market.

Norwood Systems has extended its voicemail services contract with a major Tier 1 telecommunications operator through to mid-2028, expected to generate approximately A$1.5 million in revenue over the term.

icetana AI has scored its first commercial wins for Antara Core, an on-premise AI surveillance platform, with prepaid contracts worth $617,000 from Millennium Services Group. The deal also debuts its floor hazard detection technology in major Australian shopping centres.

icetana AI has expanded its strategic partnership with SoftBank Robotics Group by signing a distribution agreement with SoftBank Robotics America, marking its entry into one of the world's largest security technology markets.

Megaport Limited is raising approximately A$827 million through a fully underwritten entitlement offer to finance four major AI contracts and build an on-demand GPU Pool, aiming to establish a globally-distributed AI inference cloud.

Rent.com.au has set new records for RentBond® loan volumes in May 2026, fueling revenue growth and positive operating cashflow. The company is on track to double revenue and achieve EBITDA positivity by mid-2027, with recurring revenue surpassing 75% of total income.

Urbanise.com Limited is poised to transform the Australian strata sector with a staged pilot release of its enhanced Strata platform, integrating NAB banking services and launching a branded owners portal from July 2026.