SenSen Networks Limited (ASX: SNS), a leading Physical AI company, today announced its full year results for the financial year ended 30 June 2026, showcasing significant growth in recurring revenue and profitability. The company’s flagship platform, SenDISA®, transforms data from sensing technologies into actionable intelligence for governments and fuel retail brands. SenSen reported annualised recurring revenue (ARR) of $11.7 million, an increase of 16.7% over the prior corresponding period. EBITDA rose 23.6% to $2.0 million, and net profit before tax surged 95.0% to $1.0 million. Total revenue reached $15.4 million, slightly ahead of the previous year.
The results underscore a strategic shift towards a more predictable and higher-quality revenue base, with recurring maintenance and usage revenue driving growth. Usage revenue specifically increased by 67.9%, contributing to a 10.5% rise in overall recurring revenue. Gross profit improved by 3.0% to $12.5 million, with the gross margin expanding to 81.3%. Customer cash receipts reached a record $16.0 million, up 10.1%, reflecting strong cash generation. Management noted that global supply-chain disruptions and cautious customer spending caused some project delays in Australia and Singapore, pushing expected upfront revenue into FY27.
Operationally, SenSen strengthened its market presence, securing five new Smart City contracts in North America, including Pittsburgh Parking Authority and Toronto Exhibition Place, expanding its regional customer base to 27. Multi-year renewals were also achieved with key clients such as Las Vegas, Cairns, and Ipswich. The company further broadened its global footprint by completing its first Smart City deployment in India and commencing local government trials in metropolitan Melbourne and Western Australia. Managing Director and CEO Dr Subhash Challa stated that FY26 was a year of disciplined execution, creating a stronger, more predictable revenue base and growing opportunities across North America, Australia, and Asia for FY27.
