Urbanise's Q1 FY2025 financial performance

Urbanise.com Limited (ASX: UBN) has announced its financial results for the first quarter of FY2025, highlighting a 6.8% increase in license revenue, reaching $3.0 million. The total revenue for the quarter was $3.3 million, with recurring revenue constituting 92% of the total. The company reported positive cash flow, an average surplus of $170k monthly, and ended the quarter with a cash balance of $2.4 million, without any significant debt.

Q1 FY2025 achievements and future outlook

Urbanise.com Limited's quarterly activities report for Q1 FY2025 shows a successful period with a notable revenue increase and strong cash flow management. The company secured 11 new contracts, contributing substantially to its annual recurring revenue. Urbanise is actively engaging with financial institutions to establish banking service partnerships for its Strata platform by early Q3 FY2025. The company remains involved in a contract dispute with Colliers Australia over a $3.0 million claim but maintains a positive outlook, emphasizing its commitment to reaching cash flow breakeven in FY2025. Urbanise's strategic focus includes enhancing customer engagement and retention, optimizing operational efficiencies, and adapting to market developments in the UAE.

Executive insights on quarterly performance

The team has made significant strides in driving contract wins and improving cash collections, which reinforces our value proposition, especially amidst the ongoing market consolidation in the UAE.