Australian ERP SaaS company TechnologyOne has upgraded its FY26 Guidance with profit growth (PBT) of 18 per cent to 20 per cent and annual recurring revenue (ARR) growth of 16 per cent to 18 per cent.
TechnologyOne reported double digit upticks in key financial metrics in its FY25 results, with Profit After Tax up $137.6 million, up 17% from $118 million in FY24, while EBITDA rose 18% from $215.8 million in FY24 to $255.7 million in FY25.
Ed Chung, CEO of TechnologyOne, said the company's SaaS+ offering - established in 2023 by combining its global SaaS ERP solution and implementation in one single fee - and its products "turbocharged" through AI gives the company confidence targeting the top end of the guidance range for both PBT and ARR.
“This increased guidance is not optimism – it is confidence in our customer pipeline in Australia, New Zealand and the UK," he said.
"Driving this growth is the momentum of SaaS+, the response to Plus and our excitement in new AI products that will shortly be launched."
Chung said the company has also strategically invested in its AI Showcase product launches in the first half of FY26, held in Australia and New Zealand and next week in London.
"These are significant events held against a clear commercial opportunity," he explained.
"In the order of $8 million to $9 million has been invested in these events which will result in first-half PBT growth coming in at high single digit percentage growth. H2 FY26 PBT will be strong, delivering the full-year step-up consistent with upgraded guidance of 18% to 20% PBT growth.
“We don't guide up unless we can see it in the numbers.”
The company also announced the retirement of Clifford Rosenberg, who, after seven years of service as a non-executive director, has retired.
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