EROAD reports revenue increase, suffers losses

Transportation technology company EROAD has reported a 3.3% increase in revenue for the first half of the 2026 financial year.

Revenue climbed to $99.1 million, compared to $95.9m in the same period last year.

The growth in revenue was driven by a 6.7% increase in the Australia and New Zealand (ANZ) region, while North America experienced a 1.5% decline.

EROAD's annualised recurring revenue also increased by 6.9% to $178.1m.

However, the company reported a decline in ebit, which fell to a loss of $133.9m, and a decrease in net profit after tax to a loss of $144.2m.

The company attributed the loss to a non-cash impairment of $134.7m to its North American assets.

EROAD's liquidity remains strong, with $62.3m in cash and a $70m credit facility.

Looking ahead, the company expects to deliver on its revised guidance for the 2026 financial year.