Highlights

  • Monvia reported adjusted FY26 Revenue of A$27.7 million and adjusted EBITDA of A$6.9 million, above its prospectus forecast.
  • Annual Recurring Revenue reached A$14 million at 1 July 2026, rising 21% year on year.
  • Customer receipts totalled A$7.75 million in the September 2026 quarter, with cash of about A$8.0 million at quarter end.
  • IPO proceeds of A$17.5 million funded the full A$12.5 million Redemption of Series B preference shares.

Monvia (ASX:MNV) has lined up a global systems integrator to help sell its core software to life insurers, signing a teaming agreement with Capgemini Australia on 28 October 2026. The arrangement combines Monvia's cloud-based Life insurance platform with Capgemini's consulting and delivery capabilities to pursue opportunities across the Australian and New Zealand life insurance and Superannuation markets.

The agreement runs for an initial three years and renews automatically for one-year periods unless terminated. No contract value was attached, as commercial commitments arise only once the parties document specific opportunities and enter customer and subcontracting arrangements.

First Results Since Listing Beat Prospectus Forecast

Monvia joined the ASX in July 2026 after an initial public offering that raised about A$17.5 million. Its flagship Monvia Life Platform is a modular, cloud-based core system that life insurers use for new business, policy administration, claims and Reinsurance across retail, group, corporate and direct channels.

For FY26, the year to 30 June 2026, adjusted revenue from customers was A$27.7 million, adjusted EBITDA reached A$6.9 million against a prospectus forecast of A$6.6 million, and adjusted net profit was A$6.5 million. The statutory result was a loss, reflecting Acquisition and IPO costs, non-cash Fair Value movements and Amortisation of acquired intangibles. Recurring revenue made up 50% of adjusted revenue. During the year the company renewed its largest client on a five-year contract with improved terms and signed a five-year cornerstone contract with MetLife.

September Quarter Shows Post-IPO Clean-Up

In its first Quarterly Report as a listed company, Monvia recorded customer receipts of A$7.75 million and a reported net operating cash outflow of A$564,000. Excluding about A$1.6 million of one-off and timing-related payments, adjusted Operating Cash Flow was approximately A$1.0 million. Many contracts are billed annually in advance, and the fourth quarter has historically produced higher receipts.

Cash closed the quarter at about A$8.0 million. The company also carries a fully drawn A$6.0 million Loan from Microequities at a fixed 12% a year, maturing on 31 August 2027. Product development Investment was A$1.6 million in the quarter, of which A$1.0 million was capitalised, and is expected to ease in H2 FY27.

Pipeline Focus Ahead of the 5 November AGM

Management says trading is in line with expectations and plans to provide an update at the virtual AGM on 5 November 2026, where shareholders will vote on the election of four directors and the appointment of Grant Thornton as auditor. No numerical guidance has been issued.

The stated FY27 priorities are ARR growth, new client contracts to diversify revenue, strategic partnerships to broaden distribution and shorten sales cycles, and pipeline expansion across Australia, New Zealand and Asia. The company is targeting a new major client win this year. Shares were unchanged at A$0.96 on 2 November 2026, giving a Market Capitalisation of A$51.14 million.