Key Highlights

  • Nuix shares rose 28.91% to A$1.84 on 24 August 2026 following the release of FY26 results showing Adjusted Management EBITDA up 60.4% to $59.8 million.
  • Nuix Neo annualised contract value increased 179% to $78.5 million across 135 customers, now representing 30% of total ACV.
  • The Federal Court dismissed all of ASIC's claims against the company and the then individual directors, though ASIC has appealed the decision as it concerns the company.
  • FY27 guidance points to ACV in the range of $285 million to $300 million, with Adjusted Management EBITDA expected to be similar to FY26 levels.

Nuix Limited (ASX:NXL) shares surged 28.91%, gaining A$0.41 to trade at A$1.84 as of 2:50pm AEST on 24 August 2026. The move followed the company's announcement of its results for the full year ended 30 June 2026, released the same day, which highlighted continued momentum in its Nuix Neo platform alongside a substantial increase in profitability and cash generation.

FY26 Financial Metrics

Annualised Contract Value (ACV) increased 13.9% to $260.0 million, within the company's previously guided range. Revenue increased 18.8% to $263.2 million. Adjusted Management EBITDA rose 60.4% to $59.8 million, with Margin expanding to 22.7% from 16.8% in the prior corresponding period. Statutory EBITDA rose 40.5% to $66.9 million, while Statutory NPAT was $16.4 million, compared to a loss of $9.2 million in the prior year.

Underlying Cash Flow increased 154% to $51.0 million, and Net Cash rose 24.8% to $49.9 million. These figures include the contribution from the Linkurious acquisition, which was completed on 20 April 2026.

Nuix Neo Growth and Customer Metrics

Nuix Neo was described by the company as the primary growth engine during the year, with its ACV increasing 179% to $78.5 million across 135 customers, driven by migration activity, new customer acquisition, and upsell to existing customers. Nuix Neo's share of total ACV increased to 30%, more than double the proportion of twelve months earlier.

Net Dollar Retention increased to 105.2% at year-end, up from 101.0% at the half-year mark, driven by upsell activity in the second half. Churn, at 6.6%, improved on the prior year, although it was higher than the figure recorded at the half-year result. Excluding Linkurious, organic ACV grew 8.6%, or 11.1% in constant currency, and revenue rose 17.1%, or 20.3% in constant currency.

ASIC Case Outcome

The Federal Court dismissed all of ASIC's claims against the company and the individual directors who held office during the period from 18 January 2021 to 21 April 2021. ASIC has appealed the decision, though only insofar as it concerns the company; the appeal is pending. The dismissal of all claims against the relevant individual directors is not subject to appeal and is final.

Strategic Repositioning and FY27 Outlook

During FY26, the company initiated a shift from feature selling to platform value, restructuring its go-to-market approach with two regional sales teams for the Americas and International markets, each led by a dedicated Executive Vice President, alongside a newly established Chief Customer Officer role and dedicated Sales Enablement function. Product and Technology teams were unified under Chief Technology Officer ownership, with a one-off $15 million R&D Accelerator Investment planned for FY27 across five areas including Enterprise Integration and Connectivity, Agentic AI Capabilities, and Cloud Platform Acceleration.

For FY27, Nuix has guided to an ACV range of $285 million to $300 million, with continued strong absolute Nuix Neo ACV growth expected off a higher FY26 base. Adjusted Management EBITDA is expected to be similar to FY26, reflecting further operational Leverage offset by the one-off R&D Accelerator investment. The company expects growth to be weighted toward the second half, consistent with prior years, underpinned by its renewal book and further upsell activity.

Conclusion

Nuix's share price surge follows an FY26 result marked by increases across ACV, revenue, Adjusted Management EBITDA, and cash generation, with the Nuix Neo platform continuing to expand its share of total contract value. The dismissal of ASIC's claims against the company and its former directors, alongside a restructured go-to-market approach and a planned FY27 R&D investment, together with FY27 guidance for further ACV growth, contributed to what the company described as a year of profitable growth and decisive strategic action.