NZ's ikeGPS rises on narrowed FY loss, upbeat outlook

Ikegps

29/05/2025 05:41

** Shares of ikeGPS Group IKE.NZ rise as much as 2.08% to NZ$0.98, hitting their highest level since May 13

** IKE reports a smaller FY adjusted EBITDA loss of NZ$6.1 mln ($3.62 mln) compared with a loss of NZ$9.8 mln a year earlier

** Co expects subscription revenue to continue to increase at growth levels of 35% or greater in FY26

** We also expect to be EBITDA break-even on a run rate basis within the second-half of FY26 - co

** Around 130,492 shares change hands, compared with 30-day avg of 86,528 shares

** Stock up 71.4% YTD, including day's moves

($1 = 1.6846 New Zealand dollars)

 (Reporting by Shruti Agarwal in Bengaluru)

 ((Shruti.Agarwal@thomsonreuters.com))