Gentrack Group Limited Ordinary Shares
GTK.NZXInformation Technology
Gentrack has an extensive history of developing, implementing and supporting its specialist software for energy utilities, water companies and airports. Established in 1989, Gentrack now has over 150 utilities and airports using its software, including some of the most innovative utilities companies in Australasia and the UK, and Tier 1 airports around the world. Active involvement in deregulating energy markets, reforming water markets and rapidly evolving airport businesses has created unprecedented demand for Gentrack's software solutions and professional services. As a result our global presence is growing rapidly, now with offices worldwide including Melbourne, Brisbane, London, and Auckland. Gentrack is a dynamic company thriving on a diverse and energised company culture. With proven solutions and a low risk approach to implementation we continue to demonstrate our commitment to on-time and on-budget projects. Backed by a team with local industry expertise, and the right AGILITY, ABILITY and ATTITUDE, we continue to deliver where our competitors can't.
Market Data
$3.670
+0.0%$412.7M
21.3x
$0.172
0.00%
-0.7%
Latest Earnings
Half-Year Results
18 May 2026
Gentrack Group reported H1 FY26 revenue of NZ$110.1m, slightly below the prior period's NZ$112.0m, as strong recurring revenue growth (+12% to $85.3m) was more than offset by a 30% decline in non-recurring revenue driven by project completions and two unexpected new customer delays in the Utilities segment. EBITDA (excluding acquisition costs) fell to $7.9m from $13.0m, and NPAT declined to $5.1m from $7.2m, though partially cushioned by a $3.9m tax credit. The company maintained a strong balance sheet with $73.2m cash and no debt, announced two bolt-on acquisitions (DTP and Factor) post period-end, and provided FY26 guidance for revenue of $229m–$238m and EBITDA of $13.5m–$20m, while reaffirming medium-term CAGR targets of >15%. Key points: Recurring revenue grew 12% to NZ$85.3m (vs NZ$76.4m pcp), demonstrating strong underlying business quality and customer retention; Veovo delivered exceptional performance with recurring revenue up 33% to NZ$12.0m and underlying revenue growth of ~20% excluding prior period hardware sales; multiple new airport wins including NavCanada, Seattle-Tacoma, and a large Tier-1 Asian airport; Strong balance sheet maintained with NZ$73.2m cash and zero external debt, providing significant capacity for capital allocation
Recent Announcements
Disclosure of Directors/Senior Managers Relevant Interests
William Stewart Sherriff, Non-Executive Director of Gentrack Group Limited (NZX:GTK), purchased 23,000 ordinary shares on-market on 20 May 2026 for AUD$82,333 (average price AUD$3.58), increasing his holding from 20,000 to 43,000 shares.
Recording - Half-Year Results Webcast
Gentrack Group Limited (NZX/ASX: GTK) has made available a recording of its investor briefing webcast discussing half-year results for the period ended 31 March 2026.
Gentrack acquires Factor for on demand energy pricing
Gentrack Group Limited has acquired Prospero Energy Limited (trading as Factor), a New Zealand SaaS business providing energy pricing and management solutions, for an enterprise value of NZ$24 million plus a potential NZ$10 million earnout. The acquisition will integrate Factor's machine learning-powered pricing platform into Gentrack's g2 energy retail platform to enhance capabilities for commercial and industrial energy retailers globally.
Half-Year Results
Gentrack Group reported H1 FY26 revenue of NZ$110.1m, slightly below the prior period's NZ$112.0m, as strong recurring revenue growth (+12% to $85.3m) was more than offset by a 30% decline in non-recurring revenue driven by project completions and two unexpected new customer delays in the Utilities segment. EBITDA (excluding acquisition costs) fell to $7.9m from $13.0m, and NPAT declined to $5.1m from $7.2m, though partially cushioned by a $3.9m tax credit. The company maintained a strong balance sheet with $73.2m cash and no debt, announced two bolt-on acquisitions (DTP and Factor) post period-end, and provided FY26 guidance for revenue of $229m–$238m and EBITDA of $13.5m–$20m, while reaffirming medium-term CAGR targets of >15%. Key points: Recurring revenue grew 12% to NZ$85.3m (vs NZ$76.4m pcp), demonstrating strong underlying business quality and customer retention; Veovo delivered exceptional performance with recurring revenue up 33% to NZ$12.0m and underlying revenue growth of ~20% excluding prior period hardware sales; multiple new airport wins including NavCanada, Seattle-Tacoma, and a large Tier-1 Asian airport; Strong balance sheet maintained with NZ$73.2m cash and zero external debt, providing significant capacity for capital allocation
SPH Notice - Mitsubishi UFJ Financial Group
Mitsubishi UFJ Financial Group disclosed a change in substantial holding (6.584%).
Notice Ceasing to be a Substantial Security Holder
Wilson Asset Management Group (comprising 15 entities) ceased to be a substantial holder in Gentrack Group Limited (ASX: GTK) on 5 May 2026, following on-market purchases and sales of ordinary shares between February and May 2026, with the final substantial disposals occurring on 5 May 2026.
Recording of the Market Update Investor Briefing
Gentrack Group Limited announced that a recording of its investor briefing webinar held on 7 May 2026 to discuss its market update is now available via the provided Vimeo link.
Market Update Investor Briefing – Webinar and Call Details
Gentrack Group Limited is hosting an investor webinar on 7 May 2026 at 10:00 am NZST to discuss its market update released on 5 May 2026, with CEO Gary Miles and CFO John Priggen presenting via webinar and conference call.
Half-Year Results - Investor Briefing Details
Gentrack Group Limited (NZX/ASX: GTK) will release its half-year results for the six months ended 31 March 2026 on 18 May 2026, followed by an investor webcast at 10:30 am NZST hosted by CEO Gary Miles and CFO John Priggen.
Market Update and Intent to Launch Share Buyback
Gentrack Group Limited (NZX/ASX: GTK) revised FY26 revenue guidance to $229m-$238m (lower than previous guidance) with recurring revenues expected to grow over 10%, while announcing its Board intends to undertake an on-market share buyback of up to $20m (not exceeding 5% of shares) over 12 months, subject to market conditions and H1 results.
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