Key Highlights

• IMPECT Video Scouting launched ahead of schedule and has been sold to teams in 20 professional leagues across 13 countries

• FY26 total Revenue reached US$140.7 million, up 19% year-on-year, crossing A$200 million for the first time

• Annualised Contract Value grew 28% to US$133.8 million, with organic growth of 18%

• The company reaffirmed its FY27 outlook at the August 2026 AGM

Shares of Catapult Sports(ASX:CAT) traded at A$3.705 during the Trading session on 05 November 2026, gaining 8.33% on the day. The broader S&P/ASX 200 index (XJO) advanced 2.61%, adding 230.60 points to 9,065.10, while the S&P/ASX 200 Information Technology index (XIJ) surged 10.09%, rising 164.80 points to 1,797.60. The rally was supported by overnight Wall Street gains after Democrats posted a decisive victory in the U.S. midterm elections, which provided a tailwind for global Equity markets. Catapult Sports is a global sports technology company that provides performance analytics, athlete monitoring, and video analysis solutions to more than 5,500 teams across over 40 sports in more than 100 countries.

IMPECT Video Scouting Launch

In July 2026, Catapult launched IMPECT Video Scouting, a new global video scouting solution covering more than 150 professional football leagues. The launch, announced at the company's Annual General Meeting on 26 August 2026, was completed ahead of schedule. In the short period since launch, the company reported it had sold IMPECT Video Scouting to teams in 20 professional leagues across Europe and South America, spanning 13 countries. More than one-third of subscribing teams compete in the top division in their respective countries, including clubs in the English Premier League, Spanish La Liga, and German Bundesliga. Two national federations had also signed agreements prior to the product launch.

FY26 Financial Highlights

In the CEO's address at the AGM, Catapult outlined the financial results that underpinned what was described as a transformational year. Total revenue grew 19% year-on-year to US$140.7 million, crossing the A$200 million mark for the first time. Annualised Contract Value rose 28% to US$133.8 million, with organic growth, excluding ACV acquired through the Perch and IMPECT transactions, at 18%. Management EBITDA increased 67% to US$24.7 million, delivering a record management EBITDA Margin of 18%. The company's Rule of 40 score reached 36% excluding acquired ACV, or 46% including it, up from 31% in FY25 and 3% three years earlier. Incremental profit margin came in at 41%, or 48% excluding Acquisition impacts, exceeding the company's 30% target. Free Cash Flow excluding Transaction Costs was US$6.5 million, slightly below FY25 due to the timing of second-half collections impacted by acquisitions, though this balance has since been collected. The Balance Sheet held more than US$53 million in cash with no debt.

Acquisitions and Scale

FY26 saw Catapult execute three acquisitions, doubling the size of the company. The team count grew by approximately 1,000 to over 5,500 globally, including more than half the teams that competed in the 2026 FIFA World Cup. The acquisitions of Perch and IMPECT expanded Catapult's capabilities in video analysis and scouting, with IMPECT Video Scouting now representing a new product category in the company's portfolio.

Sector Context

The ASX technology sector rallied broadly on 05 November 2026, with the Information Technology index posting a gain of more than 10%. The sector move was driven by renewed global risk appetite following the U.S. midterm election results. Catapult's gain of 8.33% was in line with the broader tech sector uplift, reflecting participation in the wider rally.

Risks

Key risks include integration challenges from the three acquisitions completed in FY26 and the need to demonstrate sustained organic growth alongside acquired revenues. Currency movements may affect reported results given the company's US-dollar-denominated financials. Customer retention and the ability to cross-sell new products like IMPECT Video Scouting across the existing base will be critical for maintaining ACV growth rates. The sports technology market is competitive, and the company's ability to maintain premium pricing while expanding into new leagues and geographies presents ongoing execution risk.

Catalysts on Watch

The continued rollout and adoption of IMPECT Video Scouting across additional leagues and countries will be a key growth indicator. Progress toward the company's cost margin targets and higher free cash flow generation as the Business scales will be closely monitored. Any new acquisition activity, given the company's cash-rich balance sheet and track record, could further expand market reach. The FY27 outlook reaffirmation at the AGM, which targets continued ACV growth and margin improvement, provides a framework against which progress can be measured.

The Bottom Line

Catapult Sports reaffirmed its FY27 outlook at its August 2026 AGM, underpinned by the successful launch of IMPECT Video Scouting and a record year of financial performance in FY26. The company has scaled to over 5,500 teams globally, crossed the A$200 million revenue milestone, and demonstrated improving profitability with a Rule of 40 score that has risen from 3% to 36% in three years. With a debt-free balance sheet and new product categories driving growth, the company enters FY27 with an expanded platform and established commercial momentum.