Craneware (CRW) H1 2026 TU earnings summary

Executive summary

• Achieved year-on-year revenue growth of 6% to approximately $106m for H1 FY26, reflecting strong execution and sustained demand in core markets.

• Adjusted EBITDA grew by double digits to about $33.4m, up from $30.3m in H1 FY25.

• Annual Recurring Revenue (ARR) increased by 4% to around $184.3m, with net revenue retention above 100%.

• Maintained high operating cash conversion, supporting investment, debt reduction, and strong cash reserves.

Financial highlights

• Revenue for H1 FY26 reached $106m, up from $100m in H1 FY25.

• Adjusted EBITDA rose to $33.4m from $30.3m year-over-year.

• Bank debt reduced to $23.4m from $31.6m, with total cash reserves at $71.2m after adjusting for cash in transit.

Outlook and guidance

• Trading remains in line with market expectations for FY26, with double-digit growth anticipated in the near term.

• Robust pipeline and favorable market conditions support sustainable expansion.