Latest Utility Sector News

ikeGPS Group Limited reported a 33% surge in subscription revenue to NZ$19.2 million for FY26, driven by AI-powered product innovation and expanding adoption among North American utilities. The company achieved positive underlying EBITDA in March and ended the year with NZ$33 million cash and no debt.

Aerometrex has secured two lucrative off-the-shelf data contracts worth AUD 1.07 million from AI innovators Zeromatter Technologies and Neara, underscoring its growing role as a key provider of spatial datasets for AI training.

Service Stream has locked in $455 million worth of new contracts, including a $405 million nine-year deal with Yarra Valley Water and $50 million in power station outage works in Queensland, boosting its infrastructure services footprint.

Pointerra Limited delivered a 214% jump in Q3 FY26 customer receipts to A$2.2 million, driven by milestone invoicing and new Tier 1 utility contracts, edging closer to operating cashflow breakeven.

Barramundi Limited’s portfolio took a heavy hit in Q1 2026, with a 15.4% adjusted NAV decline amid AI disruption anxieties and geopolitical tensions. The fund responded by trimming tech holdings and adding miners BHP and Rio Tinto, betting on copper demand and scale advantages.

Pointerra has landed a three-year, A$0.4 million deal with Western Power to roll out its Pointerra3D digital twin platform across transmission substations in Western Australia, marking a significant foothold in the domestic energy utility sector.

AML3D has successfully commissioned a large-scale ARCEMY X 6700 metal 3D printer at US defence supplier FasTech, completing a $1.7 million order and signalling a strategic expansion in the US industrial manufacturing market.

Etherstack has reported a record-breaking 70% revenue increase in FY25, driven by major contracts and strong cashflow, and is poised for further robust growth in FY26.

Pointerra Limited reported a 30% increase in customer receipts to A$2.6 million and positive operating cashflows in Q2 FY26, driven by major contracts including a US$2 million DOE grant with Georgia Power. The company’s digital twin SaaS platform continues to expand across key sectors, positioning it for sustained growth.

X2M Connect has secured over half a million Australian dollars in new and repeat water digitisation contracts in South Korea, driving strong early revenue growth in FY26. These deals expand the company’s footprint across thousands of households and highlight growing government adoption of IoT solutions.

Pointerra Limited reported a stronger Q1 FY26 with nearly A$2 million in customer receipts and advancing AI-powered digital twin solutions across key sectors, setting the stage for improved cash flow and expanded market presence.

GreenHy2 Limited has launched its PowerSafe Sodium-Ion Battery range tailored for Australian conditions, expanded into turnkey solar and battery solutions, and signed a strategic MOU with Skeleton Technologies to explore advanced energy storage in Australia.