Key Highlights

  • Objective Corporation (ASX:OCL) closed at $6.55 on 6 November 2026, down 2.24%, while the S&P/ASX 200 Info Tech index fell 0.78%.
  • FY26 Revenue rose 9% to $134.7 million, adjusted EBITDA rose 11% to $51.5 million and SaaS revenue grew 22%.
  • Annualised Recurring Revenue fell 2% to $117.3 million at 30 June 2026, and total dividends rose 18% to 26.0 cents per share.

Objective Corporation Limited (ASX:OCL) closed at $6.55 on 6 November 2026, down 2.24% for the trading session. The S&P/ASX 200 Info Tech index (XIJ) closed at 1,783.50, down 14.10 points or 0.78%. The S&P/ASX 200 finished at 9,020.80, up 0.49%, and the All Ordinaries closed at 9,144.70, up 0.66%. Objective develops software for government agencies and regulated industries, with Business lines covering information management, intelligence, planning and building regulatory solutions.

Latest Developments

FY26 Full-Year Results (27 August 2026)

Objective released its full-year results for FY2026 on 27 August 2026. Group revenue rose 9% to $134.7 million, adjusted EBITDA rose 11% to $51.5 million, and net profit after tax rose 5% to $37.2 million. Earnings Per Share were 38.9 cents, up from 37.2 cents. The company said 100% of its software revenue was contracted on a subscription model, and recurring revenue made up 86% of total revenue from customers.

SaaS revenue grew 22%. Research and Development Investment rose 8% to $33.8 million, or 30% of software revenue. Cash at balance date was $92.7 million, down 7%.

Business Line and Dividend Detail (27 August 2026)

Sales revenue grew in each of the three business lines reported, by 5%, 41% and 7%. ARR fell 5% in the line with the largest sales revenue, to $80.9 million, while the other two lines recorded ARR growth of 3% and 4%. Group ARR at 30 June 2026 fell 2% to $117.3 million. Dividends for the year were 26.0 cents per share, up 18%.

About the Company

Objective sells software to government and regulated sectors, mainly in Australia. Its products help agencies manage records, approvals, planning and regulatory processes. The company reports ARR as a non-IFRS measure, and its revenue is mostly subscription-based.

Sector Context

Government software is shaped by public sector budgets, the timing of contract renewals and the move from on-premise systems to subscription delivery. Regulatory and planning workloads can create steady demand, but procurement processes can lengthen sales cycles.

Risks to Watch

ARR fell 2% over the year, even as revenue grew, so the company's forward recurring revenue base is a key point for investors to monitor. Cash fell 7% over the year, and R&D spending continues to be a significant part of cost.

Government procurement timing and budget constraints in the sectors Objective serves could affect new bookings and renewals.

Catalysts on Watch

Future ARR growth, SaaS revenue trends and the company's half-year results will be the main reference points. Investors may also track R&D investment returns and the sustainability of the dividend.

Closing Remarks

Objective reported solid revenue, EBITDA and profit growth for FY26, with SaaS revenue growing 22% and dividends rising 18%. Its shares closed at $6.55 on 6 November 2026, down 2.24%. The company's next results will show whether the ARR trend changes.