Key Highlights

  • Atturra released FY2026 results on 26 August 2026.
  • Kinatico presented FY2026 results via an investor webinar on 6 August 2026.
  • REA released FY2026 results on 6 August 2026.
  • The three businesses combine different Revenue models, Capital needs and execution priorities within the technology sector.

Atturra (ASX:ATA), Kinatico (ASX:KYP) and REA Group (ASX:REA) approach FY2027 from different operating positions. Their latest company disclosures show how revenue quality, cash conversion and delivery against announced programs matter more than a shared sector label.

Each company is assessed on its own reporting calendar and Business model. The discussion below retains company-reported financial measures and announced plans while separating those facts from assumptions about future outcomes.

Company Business

Atturra (ASX:ATA)

Atturra reported more than 1,300 staff at its FY2026 result, including over 350 security-cleared personnel — a meaningful asset when bidding for defence work. It also has a growing product arm in Scholarion, a cloud-based student information platform built on Microsoft Dynamics 365, with six clients contracted.

Kinatico (ASX:KYP)

Kinatico Ltd, listed as ASX:KYP, describes itself as a "know your people" technology company. Based in Perth and founded in 2004, it traded as CV Check Ltd until rebranding in October 2022. Chief executive Michael Ivanchenko leads a team of roughly 78 staff.

REA Group (ASX:REA)

REA Group Ltd operates realestate.com.au, Australia's largest residential property portal, alongside commercial, new homes and financial services businesses. It is majority-owned by News Corporation, which holds roughly 61% of the register. Cameron McIntyre, previously chief executive of CAR Group, was announced as chief executive on 19 August 2025 and started on 3 November 2025, succeeding Owen Wilson.

Financial Performance

Atturra (ASX:ATA)

Atturra released FY2026 results on 26 August 2026. Revenue rose 17% to A$351.8 million at a 33% gross margin. Underlying EBITDA fell 5% to A$30.1 million from A$31.5 million in FY2025, and underlying NPATA fell 31% to A$13.5 million.

Below that, a non-cash intangibles Impairment of A$22.8 million drove reported EBIT to a loss of A$13.8 million and a net loss after tax of A$21.7 million, or negative 5.88 cents per share. The revenue mix did improve: Recurring Revenue was 27% of the total and long-term client revenue 51%, for combined predictable revenue of 78%, while cloud revenue grew 29% to around A$40 million.

Kinatico (ASX:KYP)

Kinatico presented FY2026 results via an investor webinar on 6 August 2026. Total revenue rose 9.4% to A$35.2 million. Within that, SaaS revenue grew 37.5% to A$20.5 million and crossed half of group revenue for the first time, at 58.4%, with annualised SaaS revenue on the fourth-quarter exit rate at A$22.6 million.

Profitability improved faster than revenue. EBITDA rose 28.2% to A$5.6 million, with the Margin expanding to 15.9% from 13.5%. Net profit after tax rose 78.5% to A$2.0 million and free Cash Flow 84.9% to A$2.5 million. The company finished the year with A$11.8 million of cash and no reported debt.

REA Group (ASX:REA)

REA released FY2026 results on 6 August 2026. Core revenue rose 7% to A$1,793 million and group EBITDA before associates rose 12% to A$1,088 million, with the Operating Margin up three percentage points to 61%. Core net profit after tax rose 15% to around A$650 million and core Earnings Per Share 15% to A$4.93. Statutory net profit was A$552 million, down 19%, the gap reflecting the treatment of the India business.

Australia did the heavy lifting: Australian revenue rose 11% to A$1,712 million, Residential revenue 12% to A$1,290 million on a 13% lift in Buy yield, Commercial and New Homes 9% to A$238 million and Financial Services 11% to A$114 million. International revenue fell 38% to A$81 million.

Sector Context

The companies serve different parts of the technology economy, so their revenue and cost structures are not directly interchangeable. Contract duration, recurring income, customer concentration, Capital Expenditure and Acquisition accounting can materially change how headline growth appears in each set of accounts.

A useful comparison therefore starts with the source of revenue and the cash required to support it. Reported guidance remains conditional on management execution, customer activity and the timing of announced projects or integrations.

Risks to Consider

Atturra (ASX:ATA)

Federal government consulting Demand is the largest swing Factor and sits outside the company's control. Second-half-weighted guidance carries execution risk, and the FY2026 impairment shows a serial acquirer's Goodwill can be written down when end markets shift.

Kinatico (ASX:KYP)

The central uncertainties concern delivery timing, margin discipline and whether expected project or acquisition benefits emerge as planned.

REA Group (ASX:REA)

Future results may be affected by customer activity, integration demands, funding requirements and changes in the company’s operating mix.

What to Watch Next

Atturra (ASX:ATA)

Atturra has been an active acquirer. On 31 July 2025 it announced the acquisition of Melbourne-based managed services provider and systems integrator Blue Connections IT for A$18 million upfront plus up to A$7.5 million in earn-outs, with completion expected 31 August 2025. Atturra said Blue Connections would contribute more than A$2.5 million of EBITDA in FY2026 and A$3.5 million in FY2027, and give it a Victorian hub.

For FY2027, Atturra has guided to record revenue, EBIT and underlying EBITDA, with earnings significantly weighted to the second half, reflecting upfront Investment of about A$3 million in AI, A$1.5 million in ERP and SAP, and more than A$4 million in Scholarion.

Kinatico (ASX:KYP)

The business runs two main product lines. Kinatico CVCheck handles pre-employment screening and verification — police checks, credential verification and identity checks. Kinatico Compliance is a cloud platform for managing worker compliance across the employee lifecycle, used in early childhood education, aged care, construction, mining, healthcare and retail. The strategic story is its shift from one-off transactional screening fees towards recurring software subscriptions, and at this size that mix shift is arguably the number that matters most.

Kinatico has leaned hard into automation. Management told investors it wants to be "an AI organisation, not just an organisation that uses AI", and pointed to three AI agents in production: ChatRef, which runs interactive reference checking; IRIS, which reads identity and credential documents; and Agent Vera, a virtual verification officer that the company said identified roughly A$300,000 of annualised operational savings within 30 days while maintaining full accuracy.

REA Group (ASX:REA)

Premium depth products were the engine of yield, with Luxe penetration more than tripling. On AI, REA introduced Flow Lab, an agentic AI program aimed at faster product development, alongside an AI Assistant and Campaign Assist, with Mr McIntyre citing its proprietary consumer intent and behavioural data as the underpinning advantage.

REA has also simplified its portfolio. In July 2026 it agreed to sell Housing.com, its Indian business, to Aurum PropTech, retaining a 24.9% stake, with the operation classified as discontinued at 30 June 2026 — removing a loss-making international drag.

How to Read the Current Position

The clearest assessment will come from subsequent company reporting. Revenue should be read alongside margins and cash flow, while acquisition-led growth should be distinguished from organic activity. Guidance and longer-term targets are company objectives rather than assured outcomes.