Black Pearl Group (ASX:BPG) Files Amended FY26 Annual Report and Investor Presentation

Aditi Sarkar

11 September 2026 05:03 PM AEST

Black Pearl Group (ASX:BPG) Files Amended FY26 Annual Report and Investor Presentation

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Highlights

Black Pearl Group (ASX:BPG) lodged an amended FY26 Annual Report and investor presentation.
The company reported strong annual Recurring Revenue growth during FY26.
FY26 ARR reached NZ$26.8 million, supported by growth in subscription and Data-as-a-Service revenue.
Investors are monitoring amended disclosures, cash generation and the path towards profitability.

Annual reports are rarely filed twice, so an amended version accompanied by a revised investor presentation can attract additional Shareholder attention. Black Pearl Group has released amended FY26 documents as investors assess any changes, clarifications or restatements.

The company continues to present a combination of strong operating growth metrics and ongoing Investment requirements as it works towards scaling its software and data technology platform.

Latest Development

Black Pearl Group lodged an amended FY26 annual report and amended FY26 investor presentation with the ASX on 10 September 2026.

The company followed on 11 September 2026 with an application for Quotation of securities, along with an ongoing disclosure notice and Capital change notice, indicating new securities were being issued and admitted to quotation.

The amended documents represent a disclosure update, and investors will need to compare them with previous versions to determine any changes or clarifications.

Company Overview

Black Pearl Group is a Wellington-headquartered data technology company founded in 2012, with a United States office in Phoenix, Arizona.

The company describes itself as an AI-native Business focused on revenue creation solutions for US-based small and medium businesses.

Its product portfolio includes Pearl Diver, Bebop, Black Pearl Mail, NewOldStamp and B2B Rocket.

The business combines website visitor identification, contact data, outbound sales tools and email solutions. Revenue is generated through software subscriptions and a growing Data-as-a-Service segment.

Black Pearl Group is dual-listed, joining the ASX in November 2025 alongside its NZX quotation.

Recent Developments

B2B Rocket was acquired in July 2025, followed by the company’s ASX dual listing process and an oversubscribed capital raising in October 2025.

The company also published a quarterly investor update for the first quarter of FY27 on 28 July 2026.

The amended FY26 filings provide further information for investors assessing the company’s progress following its expansion and listing activity.

Financial and Operational Position

Black Pearl reports financial results in New Zealand dollars and closed FY26 on 31 March 2026.

Annual recurring revenue reached NZ$26.8 million, increasing 114% year on year.

Subscription revenue was NZ$13.7 million, representing growth of 77%.

Gross profit margin improved to 69% from 67.8% in FY25.

The company reported an EBITDAF loss of NZ$15.7 million, which included NZ$10.2 million of one-off costs associated with acquisition, listing and offer activities.

Cash stood at NZ$9.6 million as at 31 March 2026, while a NZ$5 million Debt Facility was refinanced through to March 2028.

The company highlighted operating metrics including zero churn across the Data-as-a-Service customer base during the year, SaaS churn of 4.9% compared with 5.3% in FY25, customer Acquisition cost payback of 3.5 months and ARR per employee of NZ$346,000.

What Investors May Watch Next

The immediate focus is understanding the impact of the amended annual report and investor presentation.

Beyond the filings, investors may monitor management’s ability to convert contracted ARR into recognised revenue and improve cash generation.

The company has identified NZ$30 million ARR as a near-term milestone and NZ$50 million ARR as a medium-term target.

Quarterly updates will remain important indicators of ARR growth, revenue conversion, operating costs and cash utilisation.

Risks

The company’s NZ$15.7 million EBITDAF loss compared with NZ$9.6 million in cash highlights the importance of improving Operating Leverage and cash generation.

Amended statutory documents can create additional focus on reporting processes and disclosure practices.

Black Pearl Group remains dependent on US small-business Demand and operates in a competitive data and sales-intelligence market.

The company is also exposed to changing privacy regulations and data sourcing requirements.

Conclusion

The amended FY26 annual report and investor presentation bring renewed attention to Black Pearl Group’s operating progress and disclosure updates.

The company has reported strong ARR growth, improving gross margins and favourable customer metrics, although losses and cash requirements remain key considerations.

For investors following ASX:BPG, the focus remains on how effectively the company can convert growth in recurring revenue into sustainable profitability and cash generation.

FAQs

Q: What did Black Pearl Group amend?

A:Black Pearl Group lodged an amended FY26 annual report and amended investor presentation with the ASX.

Q: What was Black Pearl Group’s FY26 ARR?

A:Annual recurring revenue reached NZ$26.8 million in FY26, up 114% year on year.

Q: What products does Black Pearl Group offer?

A:The company’s products include Pearl Diver, Bebop, Black Pearl Mail, NewOldStamp and B2B Rocket.

Q: What was Black Pearl Group’s FY26 EBITDAF result?

A:The company reported an EBITDAF loss of NZ$15.7 million for FY26.

Q: What are investors monitoring for Black Pearl Group?

A:Investors are monitoring amended disclosures, ARR growth, revenue conversion and progress towards profitability.

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