FY26 Annual Results Presentation
Released
Released
Announcement PDF
CONTACT DETAILS
Atturra Limited | ABN 34 654 662 638
Level 2, 10 Bond Street, Sydney NSW 2000
Kunal Shah
Chief Financial Officer
Stephen Kowal
Chief Executive Officer and Executive Director
FY26 Results Presentation
26 August 2026
This presentation has been authorised for release to the ASX by the Board of Atturra Limited.
Contents 01 Results Summary
02 Business Overview
03 Financial Performance
04 Strengths & Capabilities
05 Outlook
06 Q&A
Results Summary
Stephen Kowal
Chief Executive Officer and Executive Director
Up from 58% in FY24
FY26 Snapshot
4
$351.8m
Revenue
Operating Cashflow H2
1,300+
Staff members
$22.5m
Security cleared staff
350+
$30.1m
FY26 Underlying
EBITDA**
+17% on pcp -5% on pcp
2H26 Underlying
EBITDA**
$22.8m
+27% on pcp
Recurring Revenue
Other Revenue
Long-Term Client Revenue
Revenue
Composition
78%
27%
51%
22%
* Predictable revenue is the combination of recurring revenue and long-term client revenue
** Refer to slide 11 for Underlying EBITDA definition
Predictable
revenue*
FY27: Focus on organic growth; forecasting record revenue, EBIT, and uEBITDA
Financial Highlights
Consolidated EBITDA (Underlying)
FY26: $30.1m
Figures in AUD in millions ($) unless stated otherwise.
CAGR = 19%
CAGR = 27%
Consolidated Revenue
FY26: $351.8m
15%
29%
11%
6%
6%
34%
Energy & Resources Public Sector
Education Financial Services
Manufacturing Other
FY26 Revenue By Industry
134.6
178.3
243.4
300.6
351.8
0.0
50.0
100.0
150.0
200.0
250.0
300.0
350.0
400.0
FY22 FY23 FY24 FY25 FY26
15.1
21.0
25.5
31.5 30.1
0.0
5.0
10.0
15.0
20.0
25.0
30.0
35.0
FY22 FY23 FY24 FY25 FY26
Business
Overview
Stephen Kowal
Chief Executive Officer and Executive Director
Atturra Business Strategy
Atturra aims to be Australia’s leading advisory and IT solutions provider.
We are working towards this by delivering on our key objectives.
Deep industry expertise
Different economic lifecycles
Award-winning
Strong delivery capability
INDUSTRY TECHNOLOGY
EPS accretion
Deliver operational efficiencies and effectiveness based on benchmarking
AI-first approach
• Significant opportunities as Atturra is uniquely positioned with
end-to-end AI solutions capability;
Focus on core growth areas
• AI, Cyber, Cloud and Data
The Australian AI market is
expected to grow at a
CAGR of 36.7%, 2026-2033*
2026 – The Inflection Year for AI
“Enterprises have yet to really flex their
spending potential. That is coming and
2026 will be the inflection year. Currently,
organisations show limited appetite for
using AI to drive disruptive enterprise
change. Instead, they favor tactical AI
initiatives with incremental improvements
in efficiency and productivity.” – Gartner,
2026**
AI
36.7%
*https://www.grandviewresearch.com/horizon/outlook/artificial-intelligence-market/australia
**https://www.gartner.com/en/newsroom/press-releases/2026-05-19-gartner-forecasts-worldwide-ai-spending-to-grow-47-percent-in-2026
Delivering on Key Objectives
Added significant additional sales capability in strategic sales, with a
focus on QLD, NSW, Microsoft, AI, and ERP.
Atturra is gaining market traction through reusable AI services and IP. AI is
also being used to drive productivity across internal sales, operations and
delivery.
Atturra deployed about $25m cash on share buy back and acquisitions
Atturra has expanded its end-to-end Managed Services offering with the
acquisition of Blue Connections and new services on AI readiness and
security, and improved productivity through AI automation.
Grown Scholarion to 6 contracted clients in FY26 and target 20+
contracted schools by the end of FY27; Atturra Cloud Platform has grown
to 60+ clients; Cloud has grown 29% to $40m revenue in FY26
Strategic Sales Capability
AI – strong client demand & internal priority
Deploy capital to drive more efficient balance sheet
Expansion of Managed Services
Continue to invest in developing Industry Solutions
Objective Outcome
Industry Sector Trends
Managed IT Services
CAGR, 2026-33
AU managed services market; managed
security is the fastest-growing segment
Artificial Intelligence
CAGR, 2026–33
AU AI market forecast — software,
services and infrastructure spend
Source: Grand View Research - Australia Artificial Intelligence Market Size Outlook, 2026-2033
Source: Grand View Research - Australia Artificial
Intelligence Market Size & Outlook, 2026-2033
ERP Software
CAGR, 2024–30
AU ERP market forecast – cloud identified
as the fastest growing segment
Source: Grand View Research -Australia Enterprise
Resource Planning Market Size Outlook, 2024-2030
Source: Grand View Research -Australia Enterprise
Resource Planning Market Size & Outlook, 2024-2030
Sovereign &
Regulated Cloud
CAGR, 2026–34
AU government cloud market, ahead
of the DTA’s Whole-of-Government
Cloud Policy taking effect Jul 2026
Source: IMARC Group – Australian Public Cloud Market, 2026-2034
Source: IMARC Group – Australian Public Cloud Market,
2026-2034
Data Centre &
Digital Infrastructure
CAGR, 2025–30
AU data centre market, amid A$45bn+
of announced hyperscaler build-out
(AWS, Microsoft, Google)
Source: Grand View Research - Australia Data Center Market Size Outlook, 2025-2030
Source: Grand View Research - Australia Data Center
Market Size & Outlook, 2025-2030
Student Information
Systems
CAGR to 2031
K-12 segment of the SIS software
market — the category
underpinning Scholarion
Source: Mordor Intelligence – Student Information Systems Market Size Share Analysis – Growth Trends Forecast (2026-2031)
Source: Mordor Intelligence – Student Information Systems Market
Size & Share Analysis – Growth Trends & Forecast (2026-2031)
Source: Grand View Research - Australia Managed
Services Market Size & Outlook, 2026-2033
11.6% 36.7% 16%
12.5% 12.8% 16.8%
Financial
Performance
Kunal Shah
Chief Financial Officer
FY26 Financial Results
17% increase on pcp in revenue to $351.8m
Quality of business is stable, Gross Margin
steady at 33%
Decrease in profitability 5% decrease in
Underlying EBITDA to $30.1m impacted by
termination of a key contract
Non-Cash impairment of intangibles $22.8m
Earnings per share down on pcp to -5.88 cents
*Underlying EBITDA is a financial measure which is not prescribed by the Australian Accounting Standards (AASBs) and represents profit
under AASBs adjusted for specific items, including capital raising costs, share based payments, merger and acquisition (M&A)
transaction costs and retention costs.
Figures in AUD in thousands ($) unless stated otherwise.
**Underlying NPATA is a financial measure which is not prescribed by the AASBs and represents net profit after tax under AASBs adjusted
for specific items, including share-based payments and one-off M&A transaction costs. This measure is intended to remove the effect
of non-cash charges of acquired intangibles.
EBIT AND UNDERLYING EBITDA
are calculated as follows:
FY26 FY25
Profit after income tax -21,749 9,098
Add: Interest expense 5,720 2,803
Less: Interest income -982 -2,093
Add: Income tax expense 3,185 5,170
Reported EBIT -13,826 14,978
Share based payments 2,003 1,742
Revalutation of contingent consideration - -200
M&A transaction, capital raising, and
integration costs 3,508 4,592
Gain on Bargain Purchase - -
Impairment of Intangibles 22,785 -
Organisational Restructure Cost 3,758 -
M&A related retentions 995 774
Underlying EBIT 19,223 21,886
Depreciation 6,574 5,588
Amortisation 4,287 4,071
Depreciation included in cost of sales 0 -
Underlying EBITDA 30,084 31,545
FY26 FY25 %
Revenue from customers 351,809 300,615 17%
Gross Margin 117,360 102,420 15%
Gross Margin % 33% 34%
EBITDA (Underlying)* 30,084 31,545 -5%
EBITA -9,539 19,049 -150%
EBIT -13,826 14,978 -192%
EBIT Margin % -4% 5%
NPATA (Underlying)** 13,540 19,633 -31%
NPAT -21,749 9,098 -339%
EPSA (cents) 3.66 5.61 -35%
EPS (cents) -5.88 2.60 -326%
Underlying NPATA Bridge
Increase
Legend: Total
Decrease
* Note: The NPATA bridge is unaudited. Figures in AUD in thousands ($) unless stated otherwise.
NPATA
Adjusted NPAT (“NPATA”)
adds back client relationship
intangible amortisation and
acquired software
amortisation.
Underlying NPATA
Underlying NPATA is a financial
measure which is not prescribed
by the Australian Accounting
Standards (AASBs) and
represents net profit after tax
under AASBs adjusted for
specific items, including share-
based payments and one-off
merger and acquisition (M&A)
transaction costs.
-21.749
2.003
22.785
1.437 0.697
4.080
4.287 13.540
-25
-20
-15
-10
-5
0
5
10
15
20
Balance Sheet Cash & Cash Equivalents
Reduction in Cash & Cash Equivalents
FY26 operating cash inflow
$9.1m
Inventories
Material increase in inventory
levels driven by acquisition of
Blue Connections
Borrowings
Increase in borrowings to
facilitate acquisition in FY26
Investment in subsidiaries
$23.5m
Share buyback
$9.4m
30-Jun-26 30-Jun-25 % Change
Cash and cash equivalents 65,962 91,576 -28%
Trade and other receivables 87,690 68,726 28%
Contract assets 8,680 16,067 -46%
Inventories 11,142 414 2591%
Other current assets 6,036 4,736 27%
Other non-current assets - 1,002 nm
Investments accounted for using the equity method - 1,307 nm
Property, plant and equipment 9,897 6,947 42%
Income Tax 0 - nm
Right-of-use assets 21,098 16,365 29%
Intangible assets 182,480 178,686 2%
Deferred tax asset 6,358 3,988 59%
Total Assets 399,343 389,814 2%
Trade and other payables 98,601 77,303 28%
Contract liabilities 14,077 13,874 1%
Borrowings 29,397 18,784 57%
Lease liabilities 22,493 17,651 27%
Income tax payable 638 2,931 -78%
Employee benefits 16,677 13,673 22%
Other liabilities 20,129 17,505 15%
Total Liabilities 202,012 161,721 25%
Net Assets 197,331 228,093 -13%
Net Tangible Assets 9,888 46,705 -79%
Working Capital 5,311 65,827 -92%
Cash Flow
Share buy-back
$66m
Closing cash position
Investment in Subsidiaries
Incl. earn-out payments
to subsidiaries
- $23.5m
- $9.4 m
$9.1m
Cash Inflow from operations
* Payment related to shares purchased on-market for the purpose of an employee incentive scheme and share buy-back program.
(AUD $,000) FY26 FY25 % Change
Opening Cash 91,576 60,639 51%
Cashflows from operations 9,063 14,706 -38%
Investments in Subsidiaries -23,465 -47,230 -50%
Investments in PPE and intangibles -8,482 -2,490 241%
Proceeds from disposal of investment - - Nm
Share buy-back -9,358 -3,245 188%
Proceeds from disposal of PPE - - Nm
Impact of capital raising - 69,217 Nm
Proceeds of debt 15,888 4,445 257%
Repayment of debt -5,275 -346 1425%
Repayment of loans from related parties - -450 Nm
Lease Payments -3,985 -3,670 9%
Dividends paid - - Nm
Closing Cash 65,962 91,576 -28%
Strengths &
Capabilities
Stephen Kowal
Chief Executive Officer and Executive Director
Hyperscalers, AI providers and data modernisation
platforms are at the front lines of the AI revolution.
Cloud services and sovereign AI infrastructure are
indispensable to support scalable AI-driven
workloads.
Cybersecurity innovations – companies are
increasing funding for endpoint protection.
AI agents—autonomous systems capable of planning
and executing complex tasks—are rapidly moving
from pilot projects to full-scale deployment.
There will be growing risks with single-platform
specialisation.
Developing AI offerings and converting on early pipeline
Atturra is actively converting pipeline through new AI service
offerings, e.g. AI opportunity sprints and AI readiness and
adoption. These services are built and tested through the “Client
0” program before taken to market.
Improving internal productivity through AI
Atturra is embedding AI into how it delivers business analysis,
integration solutions, software development and consulting
which improves productivity and margin.
AI is pulling through adjacent services
Demand is rising for the services that make AI work from
preparing unstructured data to securing AI environments and
drives additional Atturra client engagements.
AI Reshapes Priorities
AI drives opportunity and value –
forecast to double to $15b in FY27*
Atturra is uniquely positioned to lead the
way in accelerating digital transformation
*https://www.grandviewresearch.com/horizon/outlook/artificial-intelligence-market/australia
Atturra’s leading intelligent platform for schools
Built natively on Microsoft Dynamics 365 and Copilot — a single, connected
platform that unifies the full student lifecycle for the modern school.
Since 1 July 2026, Scholarion has operated as its own business unit within Atturra —
with dedicated governance and financial arrangements, organised across four divisions.
PRODUCT
Full suite
All 12 Scholarion modules
development finished
by September 2026
Native Dynamics AI
and agent capability,
increasingly connected
across Microsoft 365
ONBOARDING
& DEPLOYMENT
Clients live
Clients progress to the full
suite at the start of the new
school year (Feb 2027)
A key milestone as
Scholarion moves from
project to product
Highly sticky SIS market,
with an observed ~13-year
customer replacement cycle
SUPPORT
Always - on
A dedicated function
scaling with the client base
Service designed to keep
schools with Scholarion
for the long term
Strengthens the impact
of our recurring revenue
offering
SALES
~40 pipeline
Recruiting underway to
extend sales capacity
Strong presence at leading
education sector events
Sales cycle of ~6 months to
2 years are now translating
into a strong pipeline of
opportunities
SCHOLARION
Our Products
Fully managed cloud-
hosted environment
for your core systems.
Fast, flexible, and
future-ready solutions
deployed across
private cloud,
Azure or AWS.
Atturra Cloud
Platform
Atturra’s ePlanning
solution is
revolutionising
councils’ Development
Application (DA)
process.
ePLANNING
SignalAI enables
organisations to deploy
ERP AI agents that work
alongside Infor M3,
helping automate
tasks, surface insights,
and support
operational decision-
making.
SignalAI
Atturra’s mobile
solution for Infor M3,
designed to support
warehouse and
manufacturing
execution through fast,
intuitive, device-based
workflows.
Mobile Action
Secure, sovereign data
centres across ANZ.
Flexible colocation
and private hosting
with high-speed
connectivity, uptime
assurance and robust
compliance.
Data
Centres
50+
AWARDS
Atturra received these awards
in recent years, demonstrating
long-term partnerships with
category-leading technology
companies
Partner award-
winner streak of
5 consecutive years
across 3 countries
Global level
partner awards
and recognition
Strong IP built
with partners,
sold globally
Outlook
Stephen Kowal
Chief Executive Officer and Executive Director
Outlook
Atturra expects to deliver record revenue, EBIT and underlying
EBITDA* in FY27.
Investment is focused on scalable growth, proprietary
solutions and disciplined capital allocation.
Scale Scholarion through disciplined commercialisation,
targeting breakeven in FY28
Investing in additional sales and solutioning to achieve above
market growth for AI, Cyber, Cloud, Data, and ERP
AI Investment expected to generate returns from 2HFY27,
primarily enabling growth without additional resources
02
03
01
* Underlying EBITDA, or uEBITDA, is a financial measure which is not prescribed by the Australian Accounting
Standards (AASBs) and represents profit under AASBs adjusted for specific items, including capital raising
costs, share based payments, merger and acquisition (M&A) transaction costs and retention costs.
Prioritise EPS and cash conversion; further share buy backs
where value accretive and financial capacity permits
04
Questions
& Answers
Important Notice & Disclaimer
The material in this presentation
is general background information about
Atturra Limited (34 654 662 638) (Company)
and its activities current as at the date of
this presentation, 26 August 2026. It is
information given in summary form and
does not purport to be complete. It should
be read in conjunction with the Company’s
other periodic and continuous disclosure
announcements filed with the Australian
Securities Exchange, which are available
at www.asx.com.au Information in this
presentation is not intended to be relied
upon as advice to investors or potential
investors and does not consider the
investment objectives, financial situation
or needs of any particular investor. Investors
should consider these factors, and consult
with their own legal, tax, business and/or
financial adviser in connection with any
investment decision.
This presentation has not been audited
in accordance with the Australian
Auditing Standards.
This presentation contains statements
that are or may be deemed forward-looking
statements. Readers are cautioned not to
place undue reliance on such forward-
looking statements. Such forward-looking
statements are not guarantees of future
performance and involve known and
unknown risks, uncertainties and other
factors, many of which are beyond the
control of the Company, which may
cause actual results to differ materially
from those expressed or implied in such
statements. There can be no assurance
that actual outcomes will not differ
materially from these statements.
No representation or warranty, expressed
or implied, is made as to the fairness,
accuracy, completeness or correctness of
the information, opinions and conclusions
contained in this presentation. To the
maximum extent permitted by law, the
Company and its related bodies corporate,
respective directors, employees or agents,
and any other person does not accept
liability in connection with any loss arising
from the use of this presentation or its
contents or otherwise arising in connection
with it including, without limitation,
liability arising in connection with
fraud or negligence.
CONTACT DETAILS
Atturra Limited | ABN 34 654 662 638
Level 2, 10 Bond Street, Sydney NSW 2000
CONTACT DETAILS
Atturra Limited | ABN 34 654 662 638
Level 2, 10 Bond Street, Sydney NSW 2000
Thank you
Kunal Shah
Chief Financial Officer
02 9657 0999
kunal.shah@atturra.com
Stephen Kowal
Chief Executive Officer
and Executive Director
02 9657 0999
stephen.kowal@atturra.com
Appendix
Industry & Technology Partner Awards
ARN Innovation Awards
2025
✦ Management Excellence
Stephen Kowal
NEXT CIO of the Year 2025
✦ Victor Rahman
Australian Made Awards
✦ Best Digital Transformation
& IT Solutions Provider 2025
Access4
✦ Best Diamond+ Partner 2025
✦ Best Performing UX Partner
2025
Boomi
✦ APJ Partner of the Year 2026
✦ ANZ Partner of the Year 2026
✦ Global Growth Partner of the
Year 2026
✦ Greater China Partner of the
Year 2026
Scality
✦ Top Performer Partner of the
Year 2026
Nuix Partner Awards
✦ Global Innovation Award 2025
✦ Neo Champion Award 2025
NetApp
✦ ANZ Prestige Partner
of the Year 2025
QAD Redzone
✦ Champions of Change
Partner Award
Red Hat
✦ Excellence in Innovation
AU & NZ 2025
Cloudera
✦ Partner Award - AI
Hackathon
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