Key highlights

  • Objective reported FY2026 Revenue of $134.7 million, up 9%, adjusted EBITDA of $51.5 million and NPAT of $37.2 million, up 5%.
  • ARR was $117.3 million, down 2%, with Information Intelligence ARR down 5%.
  • Total dividends were 26.0 cents per share, up 18%, and cash was $92.7 million with no external borrowings.

Objective Corporation Ltd (ASX:OCL) was trading at $6.05 on 21 October 2026, up 3.07% in the session. The S&P/ASX 200 Info Tech [XIJ] index was at 1,614.00, a fall of 3.38% (56.50 points), and the S&P/ASX 200 [XJO] was at 8,811.10, a fall of 0.066% (5.80 points), at 3:12 pm GMT+11. In the United States on Tuesday, the Dow added 1.02% to 52,495.88 and the S&P 500 rose 0.28% to 7,712.57, while the Nasdaq Composite dipped about 0.02% to 26,424.82 as several large technology stocks declined on reassessed valuations and upcoming corporate earnings. Objective Corporation is an Australian software company providing content management, planning and building, and regulatory solutions.

What Objective Corporation does

Objective Corporation Limited develops software for government and regulated industries. Its Business lines are Information Intelligence, Planning & Building, and Regulatory Solutions. All software revenue is contracted under a subscription model, and Recurring Revenue was 86% of total revenue from customers in FY2026.

FY2026 financial results

In an ASX announcement dated 27 August 2026, Objective reported revenue of $134.7 million, up 9% from $123.5 million, adjusted EBITDA of $51.5 million, up 11%, at a 39% margin, and net profit after tax of $37.2 million, up 5%. Earnings per share were 38.9 cents. SaaS revenue grew 22%.

R&D Investment was $33.8 million, 30% of software revenue, of which $17.4 million was capitalised. Operating Cash Flow was $49.3 million and cash was $92.7 million, down 7%, after NZ$4.0 million for the Isovist acquisition, $24.9 million of dividends and $7.1 million of share buy-backs.

ARR and business lines

ARR at 30 June 2026 was $117.3 million, down 2% from $120.2 million. Information Intelligence sales revenue was $87.9 million, up 5%, with ARR of about $81 million, down 5%. Planning & Building sales revenue was $18.5 million, up 41%, with ARR of $18.7 million, up 3%. Regulatory Solutions sales revenue was $25.3 million, up 7%, with ARR of $17.6 million, up 4%.

Dividends

Directors declared a final fully franked Dividend of 8 cents per share and a final unfranked dividend of 5 cents per share. Total dividends for the year were 26.0 cents per share, up 18% from 22.0 cents.

Sector context

Technology shares are being assessed against earnings and valuations. During the session, the S&P/ASX 200 Info Tech index was at 1,614.00, down 3.38%, and the broader S&P/ASX 200 was at 8,811.10. In the United States, the Nasdaq is described as sensitive to corporate earnings and forward guidance and to artificial intelligence infrastructure spending. Subscription software providers are assessed on ARR and retention, and the Objective result shows revenue growth alongside a decline in ARR.

Risks and uncertainties

ARR fell 2% and Information Intelligence ARR fell 5%, which may influence future revenue as ARR underpins recurring revenue. Cash declined over the year, and profit growth of 5% was lower than revenue growth. Acquisition integration, competition in content management, government budgets, currency and the unfranked portion of dividends are further factors.

Catalysts to watch

Items to watch include ARR trends in Information Intelligence, Planning & Building growth, the Isovist integration, buy-back activity and the first-half FY2027 result.

Wrapping up

Objective’s 27 August 2026 release recorded higher revenue, EBITDA, profit and dividends, alongside lower ARR. The next result will show whether ARR stabilises.