Highlights

  • SiteMinder now expects FY27 closing ARR growth in the mid-20s on a constant-currency, organic basis.
  • FY26 Revenue reached A$266.1 million, with transaction revenue rising 33.8% on a constant-currency, organic basis.
  • Adjusted EBITDA nearly doubled to A$28.1 million in FY26, while adjusted free Cash Flow reached A$10.5 million.
  • Shareholders passed all four resolutions at the 28 October meeting, including the remuneration report with 84.96% support.

Responding to Shareholder feedback, SiteMinder (ASX:SDR) used its 28 October 2026 Annual General Meeting to put a tighter number on its growth outlook, telling investors it expects closing annual Recurring Revenue to grow in the mid-20s in FY27 on a constant-currency, organic basis.

The hotel commerce platform paired that clarification with an update on its Smart Platform products and a reminder of the Margin expansion it is targeting through to FY30.

Guidance Restated in Constant Currency

When it reported FY26 results in August, SiteMinder had pointed to ARR growth in the 20s for FY27 alongside a meaningful expansion in adjusted EBITDA margin. At the AGM, management narrowed that to the mid-20s and extended the same rate to its medium-term ambition, targeting a mid-20s ARR compound annual growth rate from FY26 to FY30 closing levels, with an adjusted EBITDA margin in the mid-20s by FY30.

The company now frames guidance in constant currency because more than 85% of its billings are in currencies other than the Australian dollar.

FY26 Delivered Faster Transaction Growth

For the year to 30 June 2026, revenue rose 18.6% on a reported basis to A$266.1 million, or 22.0% in constant currency on an organic basis. Transaction revenue climbed 33.8% on that basis to A$110.9 million, while subscription revenue reached A$155.2 million. ARR closed at A$313.7 million.

SiteMinder added about 5,900 net properties to reach 56,000, and average revenue per user increased 9.3% to A$429. Adjusted EBITDA rose 96.5% to A$28.1 million, a 10.6% margin, and the reported net loss narrowed to A$11.3 million from A$24.5 million. Available funds stood at A$61.6 million, including an undrawn A$30.0 million Debt facility.

Smart Platform Products Gain Traction

Chief executive Sankar Narayan's address highlighted that customer billings for Dynamic Revenue Plus more than doubled in the September 2026 quarter compared with the June quarter, with version 2.0 planned for January 2027. Channels Plus now lists more than 400,000 rooms, and its version 2.0 is due to launch in late 2026.

Management also said emerging AI booking channels are expanding Demand for its connectivity, and said it had added Model Context Protocol support across Demand Plus and Channels Plus. Internally, the company is redesigning processes across sales, engineering and customer success, with efficiency actions targeted for the first half of FY27.

Board Endorsement and What Comes Next

Shareholders re-elected directors Jenny Macdonald and Paul Wilson and approved a performance rights grant to Narayan, while the remuneration report drew 15.04% opposition, below the threshold for a strike. No Dividend or buy-back was announced, and management said growth Investment remains within existing operating and Capital Expenditure plans.

The next checkpoint for the FY27 targets will be the company's half-year result for the six months to 31 December 2026.

Shares were priced at A$3.375 on 2 November 2026, down 0.74% on the day, giving a Market Capitalisation of A$955.41 million.