SenSen Networks (SNS) H1 2026 earnings summary

Executive summary

• Revenue grew 20.2% year-over-year for HY26, reaching $6.59M, driven by new customer onboarding and a 115% increase in usage revenue, especially in North America and Australia.

• Gross profit margin expanded to 85.2% (up from 77.3%), reflecting operational efficiencies and product adoption.

• EBITDA turned positive for the period, with $0.3M reported and $540K excluding share-based payments.

• Net loss after tax significantly reduced to $171.8K from $1.59M year-over-year.

• Five new city wins in North America and 33 new fuel sites in Australia contributed to strong sales momentum.

Financial highlights

• Total revenue reached $6.6M, up from $5.5M in HY25, a 20.2% increase year-over-year.

• Gross profit rose to $5.62M, up 32.6% from the prior corresponding period.

• EBITDA was $0.3M, with $540K excluding share-based payments, a turnaround from negative $0.9M in HY25.

• Net loss after tax: $171.8K (vs. $1.59M prior year); basic and diluted loss per share: $0.02 cents (vs. $0.20 cents prior year).

• Cash receipts hit a record $8.3M, up 31.4% year-over-year.

Outlook and guidance

• H2 is expected to be seasonally stronger, with over 70% of revenue from Australia typically recognized in Q3 and Q4.

• Directors believe the group can meet internal cash flow forecasts and revenue growth targets, supported by undrawn debt facilities and the ability to scale back expenditure if needed.

• Continued investment in North American sales and marketing to drive further expansion.

• R&D tax offset refund of $2.05M received post-period, improving liquidity.