Highlights

  • Jcurve reported Q1 FY27 Revenue of A$3.36 million, compared with A$3.53 million a year earlier.
  • EBITDA remained positive at A$0.16 million, although it was down from A$0.65 million in Q1 FY26.
  • Cash rose to A$3.04 million at the end of the quarter, up from A$2.50 million a year earlier.
  • Two new directors, Adam Davenport and Chris Miller, joined the board on 1 October 2026 and stand for election.

Rising costs trimmed Earnings at Jcurve Solutions (ASX:JCS) in the first quarter of FY27, but the Business stayed EBITDA positive and added to its cash balance. In an investor update released on 29 October 2026, the enterprise resource planning (ERP) software provider reported revenue of A$3.36 million for the September quarter, down from A$3.53 million in Q1 FY26.

EBITDA came in at A$0.16 million against A$0.65 million a year earlier, as operating expenses rose to A$2.45 million from A$2.16 million. Cash nonetheless climbed to A$3.04 million from A$2.50 million at the same point last year.

New Orders and a Smaller Customer Base

The quarter brought six new customers across all markets and A$1.19 million of added annual contract value. Services orders reached A$1.01 million, the team delivered 6,886 hours and closed 23 projects, and services revenue totalled A$631,000. Customer satisfaction scored 4.84 on a 42% response rate, with an average time to close of 2.7 days.

The total customer count stood at 615, compared with 628 a year earlier, and remaining performance obligations eased to A$5.66 million from A$5.92 million. Management said EBITDA was profitable in every location in which it operates.

AI Becomes a Productivity Lever

With people costs making up more than 75% of operating expenses, Jcurve is positioning artificial intelligence as a productivity tool. It highlighted an AI scheduling feature in its field service management product that it says can save a home care provider A$1,941 a week, or more than A$100,000 a year, in scheduling costs.

The company also outlined an AI platform designed to automate the move from accounting systems to ERP, supported by an app store for add-ons and connectors. Its FY27 priorities include accelerating new business sales and Marketing in every region, promoting the Jcurve Next ERP offering to growing small and medium businesses, and identifying similar businesses as potential Acquisition targets.

Board Renewal Heads to the November Meeting

Jcurve appointed Adam Davenport and Chris Miller as additional directors on 1 October 2026. Mr Davenport brings about 40 years of experience across cybersecurity, IT, governance and law, and founded Loop Secure. Mr Miller, a CPA and senior executive at Netgain Solutions who previously worked at Oracle NetSuite and Workday, is a nominee of a substantial shareholder. Mr Davenport is now listed as non-executive chairman.

Both will stand for election at the Annual General Meeting in Sydney on 19 November 2026, alongside the re-election of largest Shareholder Graham Baillie. Shareholders will also vote on additional 10% Placement capacity, although the company has not formed specific plans to issue securities under it, as well as the ratification of 12 million service and performance rights issued on 30 September 2026. Shares were unchanged at A$0.027 on 2 November 2026, giving a Market Capitalisation of about A$9.57 million, and were down 51.79% over 12 months.