Highlights

  • Blackpearl Group increased annual Recurring Revenue 114% to 26.8M for the year ended 31 March 2026.
  • Its subscription revenue rose 77% to 13.7M, while the group reported a 69% gross profit margin.
  • The company integrated B2B Rocket and identified 1.8M in annualised cost synergies for FY27.
  • BPG shares advanced 3.70% to AUD 0.140 on 3 November 2026, with Market Capitalisation of 13.77M.

Blackpearl Group Limited (ASX:BPG) enters FY27 with a substantially larger recurring revenue base after integrating B2B Rocket into its AI-led sales technology business. The group reported 114% annual recurring revenue growth in FY26, while its shares gained 3.70% to AUD 0.140 on 3 November 2026. The financial results were announced in May, and the November share movement should not be described as a direct response to a same-day update.

Recurring Revenue Becomes the Central Metric

Annual recurring revenue reached 26.8M at 31 March 2026, compared with 12.5M a year earlier. That 114% increase reflects contracted recurring Business rather than cash received during the financial year. Subscription revenue climbed 77% to 13.7M, providing a separate measure of revenue recognised in FY26. The company reported a Gross Profit Margin of 69%, compared with 67.8% in FY25. These measures describe different aspects of growth and should not be treated as interchangeable.

B2B Rocket Integration Changes the Offering

Blackpearl completed the Acquisition and integration of B2B Rocket during FY26. The acquired business became part of its Pearl Engine ecosystem, which focuses on data and AI tools for business-to-business sales activity. The company identified annualised cost synergies of 1.8M for FY27 following integration. Those synergies represent an identified future benefit rather than a separate addition to FY26 revenue. The group also highlighted Data-as-a-Service as a growing element of its subscription model.

Efficiency Measures Sit Alongside Losses

The company reported 3.5 months of customer acquisition cost payback, representing a 33% year-on-year improvement. It also cited annual recurring revenue of 346,000 per employee, up from 245,000 in the corresponding earlier period. At the same time, FY26 included an EBITDAF loss of 15.7M and 10.2M of one-off non-recurring costs associated with the acquisition, listing and offer activities. The growth metrics therefore sit alongside an operating loss and significant transaction-related expenditure.

Cash Conversion Shapes FY27 Priorities

Blackpearl held 9.6M in cash at 31 March 2026 and had refinanced a BNZ NZD 5M Facility to March 2028. Its FY27 priorities include recurring revenue growth and improved cash conversion. The shares traded at AUD 0.140 on 3 November, with a reported one-year decline of 84.00%. These market figures provide a separate perspective on the stock; they do not alter the reporting period or status of the company’s earlier operating results.