IkeGPS reports 48% revenue increase, receives acquisition offer

ikeGPS Group has reported a 48% increase in the exit run rate of annual platform subscription revenue, reaching NZ$17.6 million.

The company expects similar strong growth in annual recurring revenue (ARR) for the 2026 financial year.

In the fourth quarter, ikeGPS closed contracts worth approximately NZ$12m.

The company's total cash and net receivables increased by NZ$1.8m, bringing the total to NZ$15.4m.

ikeGPS also revealed that it received an unsolicited, non-binding acquisition approach at a price of NZ$1 per share, valuing the company at around NZ$165m to NZ$170m.