SenSen Networks (SNS) H2 2025 earnings summary

Executive summary

• Achieved strong financial performance in FY25 with 26.5% revenue growth and 38.3% increase in gross profit year-over-year.

• EBITDA reached $1.7m, up 199.8% year-over-year, with EBITDA excluding SBP at $3.1m, up $3.3m from the prior year.

• North America now represents 41% of revenue, growing 159% year-over-year, driven by successful deployments and customer wins.

• Operating expenses reduced by 8.4% due to cost management and leveraging lower-cost locations.

• Five consecutive quarters of positive operating cash flow and targeted debt reduction.

• Focused on the Smart Cities market, delivering strong financial turnaround and growth through new customer wins and expanded accounts.

• Rolled out new AI technology for scalable kerb enforcement, accelerating sales momentum and swift delivery.

• Added 12 new smart city customers, expanding global presence and recurring revenue base.

Financial highlights

• Total revenue for FY25 was $15.4m, up from $12.1m in FY24.

• Gross profit increased to $12.1m, with gross margin rising to 79.1% from 72.3% year-over-year.

• Operating cash flow improved to $1.7m, a 233.2% increase year-over-year and a $3.0m improvement from last year’s outflow.

• Net profit before tax was $515k, reversing a loss of $3.6m in FY24.

• EBITDA excluding SBP was $3.1m, up from a loss of $260k in FY24.

Outlook and guidance

• Continued focus on North American expansion and scalable AI technology rollouts.

• Ongoing momentum with new customer deployments and upsell opportunities.

• Entering FY26 with strong momentum, solid recurring revenue, and scalable business model.

• Strategic investments planned to accelerate growth in FY2026 and beyond.

• Investor roadshow scheduled for early Q2 FY2026.