Technology One Posts 17th Consecutive Record H1 Profit, AI Drives FY26 Guidance

The Technology One Ltd (ASX: TNE) The share price is in focus after Australia’s largest SaaS ERP company posted a record 17th consecutive profit in the first half of the year. Annual recurring revenue (ARR) increased 17% and profit before tax increased 9% for the half-year ended March 31, 2026.

What did Technology One report?

• Profit before taxes of $89.1 million, up 9% year-on-year
• Profit after tax of $66.8 million, up 6%
• Annual Recurring Revenue (ARR) of $598.0 million, up 17%
• Net sales retention of 114%
• Record interim dividend of 8.0 cents per share, an increase of 21%
• SaaS and recurring revenue of $299.2 million, up 13%

What else do investors need to know?

Technology One’s results reflect the strong momentum behind its SaaS+ strategy and recently launched AI products. The company has seen significant growth in the UK (ARR up 23%) and strong wins in the local government and education sectors, including major contracts with prominent…