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...

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