Gentrack's revenue soars by 25.5%, profit dips due to investment loss

Gentrack CEO Gary Miles holds 1.14% of Gentrack shares. (Image: NZME)

Tue, 26 Nov 2024

Utilities software company Gentrack’s revenue increased by 25.5%, but profit fell to $9.5 million after booking a $1.3m loss to its investment in an Australian tech energy company. Gentrack makes critical software for airports and energy and water companies. Gentrack's full-year result for the year to Sept 30 reported revenue increased to $213.2m while earnings before interest, taxation, depreciation and amortisation (Ebitda) were $23.6m, $400,000 more than the previous financial year. Excluding one-off revenu...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Stay informed on business, government and financial developments across New Zealand.
Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Markets Market Close

NZ sharemarket reacts positively to GDP news

The S&P/NZX 50 Index closed at 12,054.72, up 8.79 points or 0.073%.

Graham Skellern 6:10pm

Markets

Energy minister out to avert another winter power crisis

Simon Watts says hoping for rain is 'not the way to do business'.

Ian Llewellyn 2:15pm

Energy minister out to avert another winter power crisis

Markets

Analysts hold mixed hopes for retailers ahead of earnings

Forsyth Barr likes the look of Hallenstein Glasson.

Gregor Thompson 11:28am

Analysts hold mixed hopes for retailers ahead of earnings

Sponsored

The new face of luxury Scotch: Harrison Ford, the Traitors castle and an E-Type Jag

Harrison Ford’s Glenmorangie campaign breaks all the rules.

Glenmorangie Whiskey

Sponsored

Mastering market swings

ETFs can be a "smart" way to build a long-term, diverse portfolio.

Smart

More Markets

Markets Market Close

NZ sharemarket reacts positively to GDP news

The S&P/NZX 50 Index closed at 12,054.72, up 8.79 points or 0.073%.

Graham Skellern 6:10pm

Markets

‘Absolute nose dive’: Spark trades under $2

Spark's share price has fallen below $2 for the first time since January 2012.While Thursday's 5.54% drop to $1.96 was due to going ex-dividend, Salt Funds managing director Matthew Goodson said it’s been a painful couple of years for the telco's shareholders. “In fac...

Staff reporters 5:10pm