Eroad has announced a strategic shift in focus towards opportunities in Australia and New Zealand, particularly in the emerging electronic road user charging (eRUC) sector.
The company, which is the market leader in NZ's eRUC system, said it plans to prioritise new growth investment in the ANZ region.
This decision comes as governments in both countries move towards usage-based and time-of-use charging.
Eroad also revealed changes to its governance and management, with John Scott being appointed as the executive chair of the board of directors.
The company expects a slower growth rate in the current financial year and has updated its guidance for FY26.
It now anticipates revenue of $197 million to $203m, annualised recurring revenue of $175m to $183m, and a free cash flow margin of 5% to 8%.
Eroad said it expects to record an impairment of up to $150m to the carrying value of intangible assets related to the North American region.
See more
