Black Pearl Group Posts Higher Annual Recurring Revenue in Q3 Fiscal 2026, Shares Up 8%

MT Newswires Live01-29

Black Pearl Group (ASX:BPG, NZE:BPG) reported fiscal third quarter annual recurring revenue (ARR) of NZ$23.7 million, up 114% year-on-year and up 22% quarter-on-quarter, according to a Thursday Australian and New Zealand bourse filing.

The company's data-as-a-service recorded nil revenue churn in the period. Software-as-a-Service revenue churn declined by 1.1 percentage points year-on-year to 8.3%, compared with 9.4% in the third quarter of fiscal year 2025.

The customer acquisition cost payback period improved to 3.9 months in the fiscal Q3, down from 4.6 months in the fiscal second quarter.

Annual recurring revenue per employee increased to NZ$306,000, up 21% from NZ$253,000 in the second quarter of fiscal year 2026.

"Seasonal patterns during the December quarter are already normalising. And we will remain deliberate in balancing growth investment with efficiency as we maintain a clear trajectory toward our

next major milestone of NZ$50 million ARR," said Chief Executive Nick Lissette.

The company's Australian shares rose past 10%, and Kiwi shares gained more than 8% in recent Thursday trade.

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