Gentrack shares fall despite profit lift
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The news: Utilities and airports software provider Gentrack is among the worst-performing ASX stock today despite posting higher half-year profit.
The numbers: Gentrack shares were down 5.38% to $10.56 at 12:50pm AEST.
This morning, the company said revenue in the first half of the 2025 financial year was up 9.8% year on year to NZD112 million ($103 million). EBITDA was also up 5.1% and net profit after tax was up 34.7%.
Gentrack expects revenue for the full year to be at or above NZD230 million ($211 million) and EBIDTA margin to be above 12%. There is no change to mid-term guidance of a more than 15% compound annual growth rate for revenue and an EBITDA margin of 15-20% after development costs.
The context: The company also said its services are unaffected by global tariff uncertainties or the global pullback from net-zero targets. A weakening of the New Zealand and Australian dollars are also helping Gentrack sell to global customers.
What they said: “This is a year of transition as we expand into Asia, the Middle East and Europe, building on early wins and a maturing pipeline,” the ASX announcement reads.
