Highlights

  • Acusensus (ASX:ACE) signed an ACT Government contract worth about $63m over an initial five-year term.
  • FY26 revenue rose 45% to $86.2m, and adjusted EBITDA increased 49% to $8.5m.
  • The company expects FY27 revenue of $100m to $106m, with $97m already contracted at the time of its results.
  • TfNSW exercised a second six-month extension of the mobile speed camera contract, valued at about $16m.

Acusensus Limited says it pioneers intelligent solutions that can be rapidly deployed to address road safety challenges. Acusensus Limited (ASX:ACE) was trading at AUD 1.14523% so far in today's session.

Company Business

Acusensus develops and operates camera-based enforcement systems that detect behaviours such as mobile phone use, seatbelt non-compliance and speeding. Its offering includes trailer-based and vehicle-based units, fixed-site cameras and mid-office software used for adjudication. The company also owns Forsite, which protects road workers with sensor detection, worker wearables and a cloud analytics platform.

In Australia, Acusensus holds enforcement contracts in New South Wales, Queensland, South Australia and Western Australia. In the United States, its technology was used across ten jurisdictions in FY26, including statewide work zone speed programs in Connecticut and Arkansas, and it also operates a nationwide mobile speed contract in New Zealand.

Recent Development

In late October 2026, Acusensus announced a territory-wide traffic enforcement contract with the ACT Government's City and Environment Directorate. The contract is worth about $63m, excluding GST, over an initial five-year term, with two extension options of up to five years each that could take the total to an estimated $210m. It covers multifunction trailer-based detection, trailer and vehicle-based speed enforcement, and fixed-site red-light and speed cameras. A staged rollout is expected to begin in mid-2027. The ACT becomes the second jurisdiction, after Western Australia, to use the company's full multifunction solution.

Earlier in October, Transport for NSW exercised its second six-month option on the mobile speed camera services agreement, extending it to 30 June 2027. The extension period is valued at about $16m, excluding GST, while the tender for a new long-term contract continues.

In early August 2026, Acusensus was awarded a statewide work zone speed enforcement master agreement by the Kentucky Transportation Cabinet. The initial order was reported at about US$2.1m, with potential additional contract value dependent on fleet expansion and extension options. Revenue is based on a fixed monthly fee per trailer rather than citation volumes. The contract includes extension options, and the company said the remaining assets were due in Kentucky before the start of the second quarter of FY27. Separately, the Connecticut Department of Transportation work zone program, valued at US$22.6m over five years, went live in June 2026.

Financial Performance and Sector Context

For the year ended 30 June 2026, revenue rose 45% to $86.2m. Gross profit increased 36% to $36.2m, at a gross margin of 42.0%. Adjusted EBITDA was $8.5m, up 49%, with a margin of 9.9%. International revenue grew 443% and represented 27% of group revenue.

The statutory result was a net loss of $24.3m, reflecting a $16.0m litigation settlement, $2.7m in related legal fees and $0.3m in redundancy costs. Operating cash flow was an outflow of $3.0m including a $6.0m settlement payment. Cash, including term deposits, was $26.2m at 30 June 2026, and a $5.0m revolving credit facility remained undrawn, with an accordion feature for a further $10.0m. No dividend was declared.

At balance date, the company reported about $220m of contracted revenue remaining to be delivered and around $118m of new contract value secured during FY26. Total contract value from signed contracts since inception reached $494m, excluding option periods not yet exercised. Governments in Australia and overseas continue to adopt automated enforcement for distracted driving, seatbelt use and work zone safety, which shapes demand for these services.

Risks to Consider

Acusensus (ASX:ACE) relies heavily on government contracts, which are awarded through tender processes and can be extended, varied or not renewed. The NSW mobile speed camera tender is still under way, and its outcome is relevant to future revenue.

The FY26 statutory loss shows how one-off items, such as litigation, can affect reported results. Expansion in the United States requires investment in assets and sales capability, and new programs depend on supporting legislation and contract start times. Gross margin declined during FY26, so the mix of new work is another factor to monitor.

What to Watch Next

The company's FY27 outlook calls for revenue of $100m to $106m, representing growth of 16% to 23%, with $97m already contracted at the time of its full-year results. That outlook assumed TfNSW would exercise its second six-month option, which has since occurred. Acusensus also expects adjusted EBITDA to increase in FY27. Market participants following ASX:ACE may watch the NSW tender outcome, Kentucky fleet deployment and the timing of the ACT rollout from mid-2027.

Key Insights

Acusensus recorded higher revenue and adjusted EBITDA in FY26, while its statutory result was affected by litigation costs. Since balance date, the company has added the Kentucky and ACT contracts and secured a further NSW extension. With a FY27 revenue outlook largely contracted, contract execution and tender outcomes remain the key themes for ASX:ACE.