Black Pearl Group Limited Ordinary Shares

BPG.NZX

Information Technology

Blackpearl Group is a technology company that builds, acquires, and markets data-driven cloud services, consisting of a suite of productivity and demand generation applications for small and medium-sized businesses (SMB). Blackpearl Group’s proprietary private platform, the Pearl Engine, is the cornerstone of organic growth for both built and acquired technologies. Through leveraging elements or entire components from the Pearl Engine, companies within the Group can access new markets, increase their value proposition, and improve their cost-to-revenue ratio faster and at near zero marginal cost. Blackpearl Group's first applications focus on the number one business tool in the world today, email. Transforming it from a transactional tool into a demand-generation tool to help SMBs grow their revenue and build stronger relationships with their customers. Founded in 2012, Blackpearl Group is driven from Wellington, New Zealand, and Phoenix, Arizona.

Market Data

Price

$0.505

0.0%
Market Cap

$49.1M

P/E Ratio

-2.3x

EPS

$-0.224

Div. Yield

0.00%

52-Week Change

-0.6%

Latest Earnings

Blackpearl Group FY26 Results

28 May 2026

Revenue
$13.70
+77.0% YoY
NPAT
-$18.08
-92.0% YoY

Blackpearl Group delivered record FY26 results with Annual Recurring Revenue (ARR) doubling 114% year-on-year to NZ$26.8 million, while subscription revenue grew 77% to NZ$13.7 million with gross margins improving to 69%. The company reported an EBITDAF loss of NZ$15.7 million (including NZ$10.2 million in one-off non-recurring costs related to the B2B Rocket acquisition, ASX listing, and offer costs) and net loss of NZ$18.1 million, ending the year with NZ$9.6 million cash. Entering FY27, management is prioritising cash conversion alongside ARR growth, targeting NZ$30 million ARR as a near-term milestone and NZ$50 million as a medium-term goal. Key points: ARR doubled 114% year-on-year to a record NZ$26.8M, with consistent acceleration across all four quarters (Q1 +63%, Q2 +87%, Q3/Q4 +114% YoY); DaaS segment achieved 0% revenue churn for the full financial year, validating the stickiness of the Pearl Engine embedded model; SaaS churn also improved to 4.9% from 5.3%; CAC payback period improved 33% year-on-year to 3.5 months, firmly within Bessemer best-in-class range of 0–6 months, alongside ARR per employee rising 41% to $346K

Recent Announcements

6 Jul 2026 Supplementary Neutral

Q1 FY27 Investor Webinar

Blackpearl Group Limited (NZX/ASX:BPG) will host an investor webinar on 28 July 2026 at 12:00pm NZDT to discuss Q1 FY27 results, with CEO Nick Lissette and Interim CFO Karen Cargill presenting followed by a live Q&A session.

6 Jul 2026 Neutral

BPG Annual Shareholders' Meeting 2026

Black Pearl Group Limited has announced its Annual Shareholders' Meeting scheduled for 5 August 2026, where shareholders will vote on four resolutions: fixing auditor remuneration, re-electing director Hugo Fisher, ratifying the issuance of 11,804,881 shares (14.20% of equity) from a November 2025 placement, and authorizing directors' remuneration to be paid in shares. The Board recommends approval of all resolutions to maintain flexibility for growth opportunities and strategic partnerships.

1 Jul 2026 Neutral

Capital Change Notice and Warrant Conversion Notice

Black Pearl Group Limited (NZX: BPG) issued 3,000 ordinary shares on 30 June 2026 following the exercise of 3,000 unquoted warrants at the exercise price of $0.01 per warrant, with 320,000 warrants remaining unconverted and eligible for exercise until 25 May 2028.

23 Jun 2026 Neutral

Capital Change Notice and Warrant Conversion Notice

Black Pearl Group Limited issued 205,000 shares on 22 June 2026: 185,000 shares from conversion of Restricted Share Units (RSUs) granted to key personnel, and 20,000 shares from warrant exercises at $0.01 per share, with 323,000 warrants remaining outstanding. The new shares represent 0.211% of the total share class.

17 Jun 2026 Neutral

Capital Change Notice

Black Pearl Group Limited (BPG) issued 65,000 ordinary shares on 17 June 2026 through conversion of Restricted Share Units (RSUs) granted to key personnel, comprising 50,000 shares at $0.68 per share and 15,000 shares at $0.81 per share, representing 0.067% of total shares outstanding.

17 Jun 2026 Neutral

BPG - Director Nominations

Black Pearl Group Limited (NZX/ASX: BPG) has opened director nominations for its Annual Shareholders' Meeting, with submissions closing 4pm NZST on 2 July 2026; nominations must be made in writing by eligible shareholders and include the nominee's consent and CV.

28 May 2026 Actual Results Positive

Blackpearl Group FY26 Results

Blackpearl Group delivered record FY26 results with Annual Recurring Revenue (ARR) doubling 114% year-on-year to NZ$26.8 million, while subscription revenue grew 77% to NZ$13.7 million with gross margins improving to 69%. The company reported an EBITDAF loss of NZ$15.7 million (including NZ$10.2 million in one-off non-recurring costs related to the B2B Rocket acquisition, ASX listing, and offer costs) and net loss of NZ$18.1 million, ending the year with NZ$9.6 million cash. Entering FY27, management is prioritising cash conversion alongside ARR growth, targeting NZ$30 million ARR as a near-term milestone and NZ$50 million as a medium-term goal. Key points: ARR doubled 114% year-on-year to a record NZ$26.8M, with consistent acceleration across all four quarters (Q1 +63%, Q2 +87%, Q3/Q4 +114% YoY); DaaS segment achieved 0% revenue churn for the full financial year, validating the stickiness of the Pearl Engine embedded model; SaaS churn also improved to 4.9% from 5.3%; CAC payback period improved 33% year-on-year to 3.5 months, firmly within Bessemer best-in-class range of 0–6 months, alongside ARR per employee rising 41% to $346K

22 May 2026 Date Announcement Neutral

Full Year Results - 28 May 2026

Upcoming full year results expected 28 May 2026 (from NZX schedule)

22 May 2026 Actual Results Neutral

Notice of Full Year Result Announcement

Blackpearl Group (BPG) has announced it will release its FY26 full year results on 28 May 2026, accompanied by an investor webinar at 12:30pm NZDT. This notice does not contain any financial results — it is purely a procedural announcement advising of the upcoming result release and webinar registration details. No financial metrics, guidance, or performance data have been disclosed at this time. Key points: FY26 full year results scheduled for release on 28 May 2026; Investor webinar to be hosted at 12:30pm NZDT / 10:30am AEST on 28 May 2026; Senior leadership team including CEO, Interim CFO, and CTO will present and host a live Q&A

21 Apr 2026 Positive

Q4 FY26 Update: ARR reaches $26.8m

Blackpearl Group (NZX/ASX:BPG) announced Q4 FY26 results with Annual Recurring Revenue (ARR) reaching $26.8 million, representing 114% year-on-year growth and 13% quarter-on-quarter growth, while achieving 0% churn in its Data as a Service (DaaS) segment and improving customer acquisition payback to 3.5 months.

Get real-time alerts for BPG

Receive AI-powered earnings summaries and instant notifications when Black Pearl Group Limited Ordinary Shares releases results.

Register Free