ikeGPS reports 47% surge in subscription revenue

ikeGPS has reported a 47% increase in the exit run rate of subscription revenue for the six months to Sept 30, 2025.

The company's platform subscription revenue reached an annualised value of approximately $19.4 million.

Recognised platform subscription revenue also grew by 35%, totalling around $8.8m.

However, total revenue increased by only 6% to $12.9m, due to a decline in the lower margin services revenue component.

ikeGPS reiterated its guidance for the 2026 financial year, expecting at least 35% growth in platform subscription revenue and ebitda breakeven on a run-rate basis in the second half of 2026.

The company reported a 39% improvement in net loss, amounting to $4.3m.

It ended the period with $34m in cash and no debt.