Key Highlights

  • Orcoda reported unaudited group revenue of $6.2 million for the first quarter of FY27, an increase of 63% on the $3.8 million of the previous quarter.
  • Annual recurring revenue grew to circa $14.7 million, while cash receipts from customers rose 5% to $4.8 million and cash at bank fell 6% to $1.58 million.
  • The Resource and Infrastructure Division, which includes The Betta Group, lifted revenue 154% to $4.45 million from $1.75 million in the last quarter of FY26.
  • Payments to related parties, covering Chair and Executive Director fees, fell 28% to $151k from $210k in the previous quarter.

Orcoda Limited (ASX:ODA), a Hendra, Queensland-based provider of AI-powered transport technology solutions, has reported group revenue of $6.2 million (unaudited) for the first quarter of FY27, up 63% on the $3.8 million recorded in the previous quarter. The company also reported annual recurring revenue of about $14.7 million, cash receipts from customers of $4.8 million and cash at bank of $1.58 million for the quarter. Orcoda reports through two divisions, Transport and Logistics and Resource and Infrastructure, and said the second of these recorded revenue growth of 154% over the period.

Group Revenue Rises $2.4 Million Quarter on Quarter

Orcoda put first-quarter FY27 group revenue at $6.2 million, against $3.8 million in the previous quarter. That is an increase of $2.4 million, or 63%. The figure is labelled unaudited, meaning it has not yet been through a formal audit review.

The company also reported growth in annual recurring revenue (ARR) to circa $14.7 million. ARR is the yearly value of revenue that a technology provider expects to receive repeatedly from customers under ongoing arrangements, and it is tracked separately from total revenue for the quarter.

Orcoda describes itself as a provider of integrated smart technology solutions in transport logistics, workforce logistics and transport infrastructure, aimed at improving client efficiency, connectivity and compliance. Its clients include some of Australia's largest companies in transport logistics, healthcare transport, infrastructure and resources. The company's stated long-term vision is to become a transport technology solutions provider for the smart transport corridors of the future.

Future Fleet Customer Additions and the Betta Group Rebuild

The Transport and Logistics Division, which includes Future Fleet, continued to add multiple customers to Orcoda's technology platforms during the quarter. The company said this is increasing ARR and building a pipeline of future customers, and it attributed the trend to the market recognising its platforms, customer support and governance.

The Resource and Infrastructure Division, which includes The Betta Group (TBG), lifted revenue by 154% to $4.45 million (unaudited) in the first quarter of FY27, up from $1.75 million in the last quarter of FY26, an increase of $2.70 million. Orcoda said TBG had been behind the consolidated entity's decline in revenue and growth over the last two years. The company said the TBG team has worked to reduce its reliance on one customer and has developed a new, less concentrated customer base, which it said is now producing rising revenue.

Orcoda added that the Wagner contract is continuing to perform well, referring to an ASX release dated 8 October 2026.

Cash Receipts, Related-Party Payments and Management Comments

Group cash receipts from customers were $4.8 million, up 5% on $4.6 million in the previous quarter. Cash receipts measure the money collected from customers during the period, as distinct from the revenue recognised for it. Group cash at bank for the quarter was $1.58 million, down 6% from $1.68 million, a decrease of $0.10 million.

Payments to related parties were $151k during the quarter, covering fees paid to the Chair and the Executive Director. That was 28% lower than the $210k paid in the previous quarter, a reduction of $59k.

Managing Director Geoff Jamieson said the company is growing again in both divisions, with ARR increasing, which he said reflects the scalability of its technology platforms. He pointed to Orcoda's investment in digital solutions, backed by Australian-based development and customer success teams, and to the addition of multiple new clients. Jamieson said the growth in ARR and in total revenue gave the company a good start to FY27 and that it is confident of expanding in Australia and globally. Chairman Brendan Mason and Jamieson were due to deliver a webcast on the update on Wednesday 21 October at 4 pm AEDT, with questions able to be submitted through the registration link.

Taking Stock of Orcoda's First-Quarter Numbers

Orcoda Limited (ASX:ODA) opened FY27 with unaudited group revenue of $6.2 million, up 63% from $3.8 million, and ARR of circa $14.7 million. Cash receipts from customers rose 5% to $4.8 million, cash at bank fell 6% to $1.58 million, and related-party payments dropped 28% to $151k. The Resource and Infrastructure Division, which includes The Betta Group, reported revenue of $4.45 million, up 154%, while the Transport and Logistics Division, which includes Future Fleet, kept adding customers to its platforms.