Highlights

  • TradeWindow reported FY26 trading Revenue of NZD 9.6 mn, increasing 20% year on year.
  • The company reported annual Recurring Revenue of NZD 10.1 mn, with 95% of trading revenue recurring.
  • FY27 guidance targeted revenue growth of 13–18% and progress toward EBITDA breakeven.
  • Management outlined FreightAI development and a proposed primary listing move to the ASX, subject to approval.

Trade Window Holdings Limited (ASX:TWL) is pursuing a larger role in freight software through recurring customer revenues and the development of an AI-first logistics platform. The company’s FY26 results and September 2026 Shareholder presentation set out a growth agenda based on retaining shippers and freight forwarders while progressing its next generation of software.

Recurring Sales Form the Financial Base

TradeWindow’s FY26 trading revenue rose 20% to NZD 9.6 mn from NZD 8.0 mn in FY25. Annual recurring revenue reached NZD 10.1 mn, while recurring sales represented approximately 95% of trading revenue.

The company reported an EBITDA loss of NZD 1.2 mn, compared with NZD 1.5 mn the previous year. Its net loss after tax narrowed to NZD 2.6 mn. These results illustrate reported progress but do not amount to a statutory profit.

Customers Use Software Along the Shipment Workflow

TradeWindow offers software used by shippers and freight forwarders to manage logistics documentation and related workflows. Management described the Business as a leading platform in New Zealand with a growing Australian presence.

At its September shareholder meeting, the company reported 90% customer retention and higher average revenue per customer during the first quarter of FY27. Those measures support its focus on repeat software use, although the mix of customers and product subscriptions can change over time.

FreightAI Becomes the Product Development Priority

TradeWindow is developing FreightAI as an AI-first platform intended to extend the capabilities of its existing freight software. Management’s presentation identified the current Freight Desktop product as the proving ground for AI in real customer workflows.

The company targeted September 2027 for a future FreightAI platform release. That is a product roadmap milestone, not a completed release as of November 2026. Recruitment for a Chief Technology Officer was also identified as an important part of the delivery plan.

Guidance and Listing Plans Frame FY27

Management’s FY27 guidance called for 13–18% trading revenue growth and an approach toward EBITDA breakeven. TradeWindow reported approximately NZD 4.0 mn in net cash at 30 June 2026 and said its plan was funded from existing resources, subject to guidance assumptions.

It also applied to shift its primary listing to the ASX, with timing and approval still uncertain. These plans follow Australia’s growing contribution to its commercial activity and remain subject to execution and regulatory processes.

Outlook and Share Price

TradeWindow shares were quoted at AUD 0.12 on 11 November 2026, unchanged, with a Market Capitalisation of approximately AUD 19.63 mn. Financial operating figures above are in NZD as reported by the company.