Highlights

  • FY26 Revenue climbed 14.3% to A$15.0 million while the statutory net loss narrowed 76% to A$867,000.
  • Annual Recurring Revenue stood at A$13.2 million at September 2026, slightly lower than a year earlier.
  • Cash and equivalents totalled A$10.1 million at 30 September 2026, with no drawn Debt facilities.
  • Shareholders will vote on two new directors and a BDO auditor appointment at the 17 November AGM.

New Business momentum and a stretched receivables book defined the September 2026 quarter for Urbanise.com (ASX:UBN). The strata and facilities management software provider signed A$505,000 of new annual subscription contracts, double the amount recorded a year earlier, while reaffirming its goal of exiting FY27 with positive operating cash flow.

The update follows a solid FY26, in which revenue grew and losses shrank, and a period of board renewal ahead of the company's Annual General Meeting in Sydney on 17 November 2026.

FY26 Delivered Growth and a Smaller Loss

For FY26, the year to 30 June 2026, revenue from ordinary activities rose 14.3% to A$15.01 million from A$13.13 million. The statutory loss after tax narrowed to A$867,000 from A$3.62 million, and the audited accounts carried an unqualified opinion. No Dividend was declared. Net tangible assets increased to 9.85 cents per share from a restated 8.73 cents, and basic loss per share improved to 1.10 cents from 5.47 cents.

Quarterly Revenue Steady as New Contracts Build

September quarter revenue was A$3.61 million, down 2.2% on the prior corresponding period, as subscription fees eased 3.8% to A$3.14 million and professional fees rose 9.4% to A$478,000. Strata contributed A$2.3 million and facilities management A$1.4 million. Annual recurring revenue of A$13.2 million and contracted ARR of A$13.9 million were each 1.0% lower, reflecting facilities management churn, lower Middle East revenue and minor strata churn.

New wins offer an offset. Strata added nine customers migrating from legacy platforms, contributing A$106,000 in annual subscriptions, while facilities management secured A$399,000, including a large educational provider. AI-assisted processes cut migration time by 80% to six weeks for one customer managing 7,000 lots.

Customer receipts were A$2.66 million and net operating cash outflow was A$1.72 million, an improvement on A$3.1 million a year earlier. Receivables rose by A$2.1 million in connection with a new billing system. Cash ended the quarter at A$10.1 million, down from A$11.9 million.

NAB Integration and Cash Flow Goals Shape FY27

Urbanise has implemented a key automation module in its Urbanise NAB Integration Service, with integration for the first class of NAB accounts available to all customers. Further staged pilots are planned over the coming months ahead of full release, which management expects to support future strata recurring revenue growth.

Development Investment is set to accelerate through Q2 and Q3 FY27, and Operating Cash Flow is expected to remain negative in Q2 FY27. Management reaffirmed its target of exiting FY27 with positive operating cash flow, citing the expected unwinding of receivables from Q2 FY27 and core business growth.

At the hybrid AGM, shareholders will vote on electing Edward Sheehy and Christopher Fydler, who joined the board in October 2026, re-electing chair Darc Rasmussen, appointing BDO as auditor and lifting the non-executive fee pool to A$300,000. Rasmussen is serving as executive chairman on a temporary basis to lead a strategic and operational transition. Shares were unchanged at A$0.65 on 2 November 2026, with a Market Capitalisation of A$51.54 million and a 10.96% decline over 12 months.