Highlights

  • Energy One reported FY26 Revenue growth supported by higher Recurring Revenue and improved margins.
  • The company provides software and operational services to wholesale energy, environmental and carbon market participants.
  • Earnings growth was supported by Operating Leverage and expansion across Australian and European markets.
  • Customer retention, recurring revenue growth and Margin execution remain key areas to monitor.

Energy One (ASX:EOL) provides software, technology and outsourced operational services to participants in wholesale energy, environmental and carbon markets. The company reported further growth in FY26, supported by recurring revenue expansion, higher margins and increased profitability across its Business operations.

FY26 Performance

For the year ended 30 June 2026, Energy One reported revenue of A$69.9 million, representing growth from the previous financial year. Recurring revenue increased to A$63.5 million and represented the majority of total revenue, highlighting the continued importance of subscription and contracted income streams.

Underlying EBITDA increased during FY26, while underlying net profit after tax also improved. The company reported statutory net profit of A$8.1 million after accounting for one-off costs associated with Leadership transition and organisational changes.

The result reflected continued Demand for energy market software solutions as businesses manage increasingly complex wholesale trading, compliance and operational requirements.

Company Overview

Energy One develops and provides software platforms, managed services and advisory solutions for energy market participants.

Its solutions support areas including energy trading, settlements, risk management, market scheduling, auction bidding, renewable and battery asset management, contract administration and market analytics.

The company serves customers across multiple regions, including Australia and Europe, with its technology used by energy retailers, generators, traders and other market participants.

Through a combination of software capability and outsourced operational support, Energy One provides services designed to help customers manage energy market activities.

Growth Priorities

Energy One has identified recurring revenue growth and margin expansion as important priorities moving forward.

Management has outlined plans to increase recurring revenue during FY27 and improve cash EBITDA margins over time. Achieving these targets will depend on customer retention, new contract wins and maintaining operational efficiency.

Customer retention metrics will remain an important measure of business quality. The company’s ability to maintain strong customer relationships while expanding internationally will influence future performance.

Further opportunities may also come from ongoing changes in energy markets, including renewable energy integration, battery storage growth and increasing complexity in energy trading.

Risks

Energy One operates in a specialised market, meaning changes in energy regulation, trading conditions and customer Investment cycles may affect demand.

Customer retention remains an important factor, as higher attrition could increase the requirement for new customer Acquisition and affect revenue visibility.

The company generates revenue across multiple regions, creating exposure to foreign exchange movements. Growth initiatives may also require continued investment in technology, personnel and operational capability.

Any future acquisitions could introduce integration and execution risks.

Key Takeaways

Energy One has continued to expand its software and services platform supporting wholesale energy markets, with FY26 results showing higher recurring revenue, improved Earnings and stronger operating performance.

The company’s next phase will depend on maintaining customer retention, achieving recurring revenue growth targets and converting its technology platform into sustainable operating leverage.