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Highlights

  • EPX shares rallied 20% on Thursday, closing at AUD 0.03 following its operational update.

  • Annual Recurring Revenue (ARR) rose by 14% year-on-year to AUD 15.5 million.

  • Site footprint expanded 35% YoY, reaching 740 active locations across 25 countries.

EPX Limited (ASX:EPX) delivered a positive operational update for the financial year ended 30 June 2025, with the market responding positively—driving its share price up by 20% to close at AUD 0.03 on Thursday. The sprice action reflects investor optimism following notable improvements in Annual Contract Value (ACV), Annual Recurring Revenue (ARR), and the company’s expanding customer footprint.

Annual Contract Value and ARR on Upward Trajectory

One of the standout metrics from the update was the 10% increase in Annual Contract Value (ACV), which rose from AUD 16.1 million in FY24 to AUD 17.6 million in FY25. This figure represents potential future annual revenue once the contracted sites are installed and fully operational.

The growth in ACV accelerated in the second half of FY25, climbing from 5% in H1 to 13% in H2. This momentum was driven by EPX’s enhanced sales structure, a major update to the EPX EDGE platform, and broader visibility through marketing campaigns and industry engagement initiatives.

The Annual Recurring Revenue (ARR) also posted healthy growth, increasing 14% year-on-year to AUD 15.5 million. Improvements in deployment timelines and better integration with existing systems contributed to this growth. ARR per full-time employee (FTE) also edged higher to AUD 204k, up from AUD 197k the previous year.

Customer and Site Expansion Key to FY25 Performance

EPX’s operating footprint has continued to scale, with the number of active sites reaching 740—a 35% increase from 547 sites in June 2024. This growth was underpinned by wins across multiple key geographies and sectors.

Notable new and expanded customer relationships include:

  • A new partnership with Morgan Sindall Group plc in the UK, bringing ACV of approx. AUD 0.1 million with future additions expected.

  • A new contract with a global property manager, contributing ACV of approx. AUD 0.4 million.

  • The re-enlivening of over 200 sites with FirstGroup post the Coda Cloud acquisition, adding AUD 0.5 million to ACV.

  • Ongoing expansion with Growthpoint Properties Australia and a major European asset manager, adding further contributions to ACV.

CEO Outlook

EPX CEO John Balassis remarked, “This update demonstrates the outcome of our strategic shift toward efficiency and global customer focus. Our team has been exceptional in executing the turnaround and positioning EPX for sustainable growth.” He added that with global demand for emission reduction and energy-efficient buildings, EPX is well positioned for continued success.