Highlights

  • Software Revenue rose 149% on the June quarter to A$599,000, lifting group revenue 18% to A$1.72 million.
  • New software contracts worth A$2.6 million in total contract value were signed, including deals with Atturra and Microscan.
  • A completed restructure is expected to deliver about A$2 million in annualised savings, mostly from payroll.
  • Cash rose to A$1.40 million at 30 September 2026 after a A$3.64 million Placement announced in July.

Software sales have started to do the heavy lifting at Activeport Group (ASX:ATV). In the September 2026 quarter, the network automation and orchestration company lifted software revenue 149% on the June quarter to A$599,000, helping group revenue rise 18% to A$1.72 million on an unaudited basis.

The company signed A$2.6 million of new software contracts by total contract value during the quarter, while a further A$1.45 million of projects signed in FY26 went live and began generating recurring revenue. Management has set a target of becoming Cash Flow positive in the fourth quarter of FY27.

Atturra and Microscan Lead the Contract Wins

Atturra signed a three-year agreement to use Activeport's software for a branded orchestration platform, while Microscan in India awarded a stage-one contract worth more than A$1 million covering a 1,800-kilometre fibre network, along with a service extension in Africa. Activeport said the two deals together carry more than A$2.6 million in total contract value at gross margins above 90%, and revenue under its contracts scales with the Volume of services customers deliver through the software.

Elsewhere, connectivity revenue fell 8% to A$668,000 as the company moved customers off third-party networks, and services revenue eased 7% to A$451,000 after technical teams were consolidated; moving some delivery tasks to Bangalore is expected to improve margins. The relaunched Global Edge and Future Broadband brands lifted new circuit orders late in the quarter. Deployed GPUs rose 36% to 1,400, mainly through expansion of the jiogames.com platform at Reliance Jio.

Restructure Costs Weigh on Quarterly Cash Flow

Net operating cash outflow was A$2.03 million, including A$408,000 of one-off redundancy payments. Excluding those payments, the underlying outflow improved by about 8% to A$1.62 million. The restructure, completed under new management that took over in June, merged three service teams into one and is expected to save about A$2 million a year.

A placement announced on 24 July 2026 raised A$3.64 million before costs, lifting cash to A$1.40 million at quarter end from A$613,000. The company estimated 0.7 quarters of funding. It expects an R&D tax incentive refund of about A$1.38 million and is in advanced negotiations for a Facility of about A$3 million, mostly Debt secured against future R&D refunds. An existing R&D Loan of A$874,000 matures on 31 December 2026.

Toronto and Singapore Launches in the Pipeline

Under a memorandum of understanding with Telehouse Canada, Activeport plans to deliver an AI Gateway in Toronto, with launch targeted for January. A Global Edge go-live in Singapore is expected in the December quarter, subject to licence approval. Management expects revenue growth across all three Business units in Q2 FY27, alongside new product launches. The Annual General Meeting is scheduled for 27 November 2026.

Shares were unchanged at A$0.008 on 2 November 2026, giving a Market Capitalisation of about A$11.1 million, and were down 68% over 12 months.