Highlights

  • Acusensus secured an ACT Government enforcement contract valued at about A$63 million over its initial five-year term.
  • FY26 Revenue rose 45% to A$86.2 million, beating the top of the company's A$79 million to A$84 million range.
  • International revenue reached A$22.9 million in FY26, lifting its share of group revenue to 27% from 7%.
  • Management guided FY27 revenue of A$100 million to A$106 million at the AGM, with A$97 million already contracted.

Acusensus Limited (ASX:ACE) has added a second Jurisdiction to its full multifunction enforcement model, signing a new Master Services Agreement with the Australian Capital Territory Government on 23 October 2026. Days later, at its 28 October annual general meeting, the road safety technology company set FY27 revenue guidance that would take it above A$100 million for the first time.

ACT Deal Broadens the Company's Enforcement Role

Under the ACT agreement, Acusensus will provide, operate and maintain enforcement cameras and Supply mid-office software for the Territory's adjudication processes. The package covers multifunction trailers detecting mobile phone use, seatbelt non-compliance, speed, average speed and vehicles of interest, alongside trailer-based and vehicle-based speed enforcement and fixed-site red-light and speed cameras.

The initial five-year term is valued at about A$63 million excluding GST, rising to an estimated A$210 million if both five-year extension Options are exercised. A staged rollout is expected to begin in mid-2027. The ACT follows Western Australia as the second jurisdiction to adopt the full multifunction solution.

FY26 Results Land Above Guidance

For FY26, the year to 30 June 2026, revenue climbed 45% to A$86.2 million from A$59.4 million. Adjusted EBITDA, which excludes one-off costs and share-based payments, rose 49% to A$8.5 million. The company held A$26 million in cash at 30 June 2026, supported by an undrawn A$15 million Debt facility.

Operations outside Australia grew sharply. International revenue rose to A$22.9 million from A$4.2 million, and the international Business delivered adjusted EBITDA of A$3.0 million after a loss a year earlier. Revenue came from 20 jurisdictions across four countries, and the nationwide mobile speed camera rollout in New Zealand was completed.

Contract Book Extends Into the United States and Victoria

Forward contract value stood at A$220 million at the end of FY26, up 18%, with a further A$211 million in uncommitted options; the ACT contract is excluded from those figures. In the United States, Acusensus won a US$22.6 million statewide automated work zone speed contract with the Connecticut Department of Transportation and a real-time work zone speed programme in Kentucky.

Closer to home, the company signed a test site agreement with Victoria's Department of Justice and Community Safety in September 2026. The roughly A$1.7 million initial two-year arrangement covers two fixed camera systems on a Victorian freeway to test instantaneous and average speed enforcement, with installation expected by mid-2027.

FY27 Guidance Sets Out the Next Phase

Management has guided FY27 revenue of A$100 million to A$106 million, implying growth of 16% to 23%, and expects adjusted EBITDA to increase. About A$97 million of FY27 revenue was already contracted at the time of the AGM. Stated priorities include expanding into multi-jurisdictional speed, fatigue and impaired driving detection, growing in the UK and reducing customer concentration.

Forsite, the road worker safety platform launched in late October 2025, generated A$0.4 million in FY26 revenue, and its September quarter revenue rose 52% on the June quarter. Shares were priced at A$1.085 on 2 November 2026, down 2.69% on the day, with a Market Capitalisation of A$185.38 million.