Acusensus Increases FY25 Revenue to $59.4m with New Road Safety Contracts and Extensions

Road safety technology company Acusensus (ASX: ACE) has posted a 20% increase in revenue to $59.4 million for FY2025, primarily driven by new contracts in Australia and internationally, along with increased scope from existing customers and some inflation increases.

The company reported a gross profit of $26.6m with a gross margin of 44.8%, compared to $22.6 million and a 45.5% margin in FY2024, while adjusted EBITDA decreased 12% to $5.7 million due mainly to higher operating expenses.

Positive cashflow from operating activities increased by 131% to $8.3 million, and the company ended the year with a strong cash balance (including term deposits) of $21.5m vs $19.3m at 30 June 2024.

Strategic Execution

Managing director Alexander Jannink said Acusensus had sustained a period of substantial operational progress and strategic execution.

“This past year has solidified our position as a global leader in artificial intelligence (AI)-enabled road safety, delivering tangible results financially and in our core mission to save lives,” he said.

“We have secured a record 84% increase in total contract value since inception driven by significant domestic and international contract wins and expansions with existing customers, including the renewal of our very first mobile phone and seatbelt contract with the New South Wales government.”

Mr Jannink said the company was expecting its revenue for the 2026 financial year to be in the range of $79m to $84m.

Notable FY25 Contracts

Key highlights during the period included the deployment of a five-year, $44.7m mobile phone and seatbelt contract with the NSW government, and a three-year $9.4 m contract for multi-function enforcement technology with the Western Australian Road Safety Commission that allows for simultaneous detection of multiple road safety violations.

Acusensus continued the rollout of its five-year, $82m mobile speed contract in New Zealand it expects to reach full deployment capacity with by early 2026, grew its US presence from a single enforcement jurisdiction to six, and secured Devon & Cornwall Police as its first long-term road safety enforcement contract in the UK.

The company also signed a three-year contract with Fulton Hogan for roadworker safety solutions across select Australian sites, using real-time monitoring, alerting and tracking to protect workers, taking its total contracted value to $376m since 2018.

“Our growth strategy is to focus on global market opportunities and continually enhance our product offering to cater to evolving customer needs and in the process, solidify our position as a leader in AI-enabled road safety enforcement services.,” Mr Jannink added.