Enprise Group Limited Ordinary Shares
ENS.NZXInformation Technology
Enprise Group (ENS) is an investment vehicle for high-growth tech companies that complement its core ERP capability. Enprise Group is invested in five businesses – the wholly owned companies Enprise Solutions and Kilimanjaro Consulting, subsidiary iSell, joint venture Datagate Innovation, and a holding in Vadacom. Enprise Solutions. Enprise Solutions is a cloud business software company that is New Zealand’s number one provider of solutions based on the MYOB Advanced and MYOB Exo software platforms. MORE ABOUT ENPRISE SOLUTIONS Kilimanjaro Consulting. Kilimanjaro Consulting is Australia’s number one implementer of MYOB’s enterprise-level business management solutions. MORE ABOUT KILIMANJARO CONSULTING iSell. iSell is a primary provider of business systems to the IT Reseller market. iSell databases contain over 4.5 million products representing more than 2000 vendors available from 100+ distributors. MORE ABOUT iSELL Datagate Innovation. Datagate Innovation provides SaaS Telecom Billing for IT Managed Service Providers. Datagate enables MSPs to automate the rating and billing of all telecommunications services. MORE ABOUT DATAGATE INNOVATION Vadacom Limited. Vadacom specialises in phone system software development and unified communications solutions for Australian and New Zealand businesses. MORE ABOUT VADACOM Enprise Group strategy: A platform for profitable growth The business strategy behind the Enprise Group's listing on the NZX is to create a platform for profitable growth through acquisitions as well as organic growth in existing business divisions. Major areas of focus are on providing business solutions via the cloud; extending Enprise Solutions' and Kilimanjaro Consulting's network of branches across Australia and New Zealand; building a strong CRM practice based on Microsoft and MYOB offerings; and providing customised online reporting and billing portals for telecom, utility companies and hosted service providers. Enprise Group's strategy for its investments is to unlock mutual synergies to accelerate growth for all. Vadacom and Enprise Solutions share a significant number of customers and have a similar target market. Datagate and iSell both target the same Managed Service Provider market and can link their sales and marketing functions to give each other sales introductions. The Kilimanjaro acquisition better utilises the cloud skills and infrastructure resources already deployed by Enprise Solutions. These interlocking characteristics are a hallmark of Enprise Group’s wider growth strategy.
Market Data
$0.430
+0.0%$9.5M
-12.6x
$-0.034
0.00%
-0.4%
Latest Earnings
Half Year Report to 31 December 2025
2 March 2026
Enprise Group (NZX: ENS) reported 1H FY26 revenue of NZ$12.95M, up 3.5% on the prior corresponding period, but swung to a net loss of $0.54M (attributable to shareholders) from a profit of $0.15M in 1H FY25. The loss was driven by a sharp 13.2% rise in employee costs to $10.37M, which compressed margins and pushed the core Kilimanjaro Consulting segment into an operating loss. Management flagged ongoing margin pressure but pointed to improving business confidence, 12% recurring revenue growth, and strategic positioning in Acumatica and HubSpot as reasons for cautious optimism. Key points: Revenue grew 3.5% to $12.95M, demonstrating top-line resilience despite difficult economic conditions in Australia and New Zealand.; Recurring revenue at Kilimanjaro Consulting grew 12%, providing a more stable and predictable income base.; Operating cash inflow was positive at $0.62M, and net cash improved to $1.41M from $0.94M at 30 June 2025, demonstrating solid cash management through the transition period.
Recent Announcements
Director Retirement Announcement - Mr Aaron Ridgway
Aaron Ridgway has resigned as an Independent non-executive Director of Enprise Group Limited (NZX: ENS), effective 30 April 2026, to pursue other business interests. The Board thanked him for his contributions during his tenure.
Half Year Report to 31 December 2025
Enprise Group (NZX: ENS) reported 1H FY26 revenue of NZ$12.95M, up 3.5% on the prior corresponding period, but swung to a net loss of $0.54M (attributable to shareholders) from a profit of $0.15M in 1H FY25. The loss was driven by a sharp 13.2% rise in employee costs to $10.37M, which compressed margins and pushed the core Kilimanjaro Consulting segment into an operating loss. Management flagged ongoing margin pressure but pointed to improving business confidence, 12% recurring revenue growth, and strategic positioning in Acumatica and HubSpot as reasons for cautious optimism. Key points: Revenue grew 3.5% to $12.95M, demonstrating top-line resilience despite difficult economic conditions in Australia and New Zealand.; Recurring revenue at Kilimanjaro Consulting grew 12%, providing a more stable and predictable income base.; Operating cash inflow was positive at $0.62M, and net cash improved to $1.41M from $0.94M at 30 June 2025, demonstrating solid cash management through the transition period.
Clarification of Gina Tuzcet’s status
Enprise Group (NZX: ENS) clarified that newly appointed board member Gina Tuzcet was designated as a non-executive director rather than independent director due to her employment with substantial shareholder Nightingale Partners, which could be perceived as affecting her independence.
Changes in Substantial Holdings
Dr Jens Neiser and Birgit Neiser increased their substantial holdings in Enprise Group Limited through a rights issue on 31 December 2025, with Dr Jens Neiser's total holding rising to 19.975% (up from 19.562%) and Birgit Neiser beginning a substantial holding of 18.991%, both acquiring shares at A$0.40 each.
Various Changes in Directors and Substantial Holdings
Ronald Ivor Baskind, a director of Enprise Group Limited, received 352,609 shares through a rights issue on 31 December 2025, increasing his total holding to 3,878,694 shares (17.807% of the company). Separately, Lindsay John Phillips and Nightingale Partners Pty Limited received 401,361 shares through the same rights issue, bringing their combined holding to 4,414,970 shares (20.270%), with Phillips stepping down as director on 22 December 2025.
Results of 2025 Annual Shareholders Meeting
Enprise Group (NZX:ENS) held its 2025 Annual Shareholders Meeting on 3 December 2025, passing all three resolutions. Key outcomes included the election of Susan Stone as a new director, an increase in the directors' remuneration pool from $150,000 to $200,000 per annum, and authorisation for directors to fix auditor fees. Elliot Cooper resigned by rotation and did not seek re-election but continues as Group Finance Director. Key points: All three resolutions passed at the 2025 Annual Shareholders Meeting; Susan Stone elected as a new director with overwhelming support (6,928,072 votes for vs 341 against); Directors' remuneration pool increased by $50,000 to a maximum of $200,000 per annum
2025 Annual Report
Enprise Group Limited reported FY2025 revenue of NZD $24.83 million, up 14% from $21.87 million in FY24, driven by strong growth in both Kilimanjaro Consulting and iSell. The Group recorded a net loss after tax of $129,000 (vs. a loss of $46,000 in FY24), with operating loss improving to $85,000 from $298,000, though this was notably weaker than preliminary results that had indicated a net profit of $98,000. Looking ahead, the Board is cautiously optimistic with FY26/FY27 forecasts projecting continued revenue growth and positive operating cash flows, contingent on maintaining MYOB contractual arrangements. Key points: Group revenue grew 14% to $24.83M (FY24: $21.87M), reflecting strong organic growth across both operating divisions; Kilimanjaro Consulting revenue grew 13% to $23.11M, cementing its position as MYOB's largest partner; recurring and contracted revenues reached $10.12M; iSell (ITQuoter) delivered a significant turnaround, swinging from an operating loss of $434K in FY24 to an operating profit of $264K in FY25, with revenue up 22% to $1.68M
Preliminary Full Year Results 30 June 2025
Enprise Group Limited returned to profitability in FY25, reporting revenue of NZD $24.97M (up 14% on FY24) and a net profit after tax of $98K compared to a loss of $46K in the prior year. The turnaround was driven by strong performance in both Kilimanjaro Consulting (revenue +13.7% to $23.25M) and iSell, which swung from a $434K operating loss to a $264K profit. The Board is cautiously optimistic about FY26-27, projecting continued revenue growth and positive operating cash flows, though performance remains sensitive to MYOB contractual arrangements. Key points: Group returned to profitability with NPAT of $98K vs a loss of $46K in FY24, representing a full turnaround; Revenue grew 14% to $24.97M driven by strong performance in both operating segments; Kilimanjaro Consulting revenue rose 13.7% to $23.25M, cementing its position as MYOB's largest partner with the relationship now restored
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