Highlights

  • FY26 Revenue increased 3% to $48.1 million, with annual Recurring Revenue rising to $31.7 million.
  • Janison secured a UK national assessment contract after year end with NFER for Scotland’s assessments.
  • Three significant contracts worth approximately $23 million in total contract value were secured during FY26.
  • Cash position increased to $11.2 million while funding a $2.7 million Investment program.

Janison Education Group Limited (ASX:JAN) is an Australian education technology company providing online assessment solutions for governments, educators and corporations globally. The company develops digital assessment platforms that support large-scale testing programs, including NAPLAN Online delivered in Partnership with Education Services Australia. During FY26, Janison focused on expanding its assessment platform, converting new contracts into revenue and building international opportunities.

FY26 Results Reflect Platform Growth and Contract Expansion

Janison reported revenue of $48.1 million for FY26, representing a 3% increase compared with the prior corresponding period. Underlying revenue growth was 12%, excluding $3.9 million of non-recurring FY25 NSW Department of Education revenue.

Annual recurring revenue increased to $31.7 million at 30 June 2026, representing 66% of revenue and increasing from $30.2 million in the previous period.

Gross Margin remained stable at 56%, while operating EBITDA was $2.9 million compared with $3.1 million in FY25. The company reported that the EBITDA outcome reflected onboarding costs associated with new programs and investment to scale operations and delivery capability.

Operating cash flow increased to $3.7 million, supporting a $2.7 million investment program funded through operating cash flow. Janison ended FY26 with cash of $11.2 million and remained Debt free.

The company’s Platform segment contributed growth through Janison Insights, while the Product segment benefited from Academic Assessment Services, Quality Assessment Tasks and International Competitions and Assessments for Schools sales.

Government and International Assessment Contracts Strengthen Pipeline

During FY26, Janison secured three significant contracts with a combined total contract value of approximately $23 million.

The company secured a five-year contract with the New Zealand Ministry of Education valued at approximately $21 million to deliver the bilingual Student Monitoring, Assessment and Reporting Tool (SMART), a digital assessment program for students in Years 3–10.

Janison also secured a three-year contract with the Victorian Building and Plumbing Commission valued at approximately $0.7 million to digitise accreditation assessments.

A further five-year contract was signed with the Western Australian School Curriculum and Standards Authority, valued at approximately $1.4 million, to deliver the Online Literacy and Numeracy Assessment (OLNA).

Following year end, Janison was appointed principal technology subcontractor to the National Foundation for Educational Research (NFER) to deliver Scotland’s national standardised assessments. The contract has an initial four-year term with total contract value of approximately A$14.2 million.

These contracts expand Janison’s government and regulatory assessment footprint while supporting future platform revenue.

Technology Investment and FY27 Outlook

Janison continued investing in artificial intelligence capabilities and platform architecture during FY26 to support future scale.

The company’s AI capabilities received two international assessment awards during the year, reflecting continued development of assessment technology solutions.

Looking ahead, FY27 revenue growth is expected to be supported by full-year contributions from recent contract wins and ongoing contracted programs.

The Scotland national assessment contract with NFER requires upfront investment, including platform configuration, integration, resource mobilisation and in-country setup. Janison expects these activities to affect operating EBITDA and cash reserves during FY27 before moving towards steady-state delivery.

The company expects the contract to contribute to Operating Leverage as delivery progresses and revenue recognition commences under the contract terms.

Janison continues focusing on digital assessment expansion, platform capability development and converting international opportunities into long-term programs.

Key Insights

Janison Education Group is expanding its digital assessment platform through government contracts, recurring revenue growth and international opportunities. FY26 results highlighted platform expansion, technology investment and progress toward broader global assessment delivery.