Orcoda Ltd Signs Wagner Contract Worth Circa $8M Per Year
Orcoda lands multi-year Wagner contract worth circa $8 million per annum
Orcoda Limited (ASX: ODA) has signed a multi-year workforce logistics and facilities management contract with the Wagner Corporation, anchored by its flagship Contractor360 platform. The agreement is estimated to generate revenue of circa $8 million per annum over its term.
The contract was signed by subsidiary Orcoda Resource Logistics Pty Ltd with Wellcamp Accommodation Pty Ltd, an affiliated company of Wagner Corporation. Services will be delivered at Wellcamp Business Park in Toowoomba, Queensland.
The agreement commences 1 July 2026 and is expected to expire by 30 June 2029, spanning a multi-year term of roughly three years. For investors, it marks a material, recurring revenue stream that validates Orcoda’s flagship technology in a new commercial setting.
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Contract terms at a glance
The key parameters of the agreement are summarised below.
| Contract Element | Detail |
|---|---|
| Counterparty | Wellcamp Accommodation Pty Ltd (affiliated with Wagner Corporation) |
| Orcoda entity | Orcoda Resource Logistics Pty Ltd |
| Site | Wellcamp Business Park, Toowoomba |
| Estimated annual value | Circa $8 million p.a. |
| Commencement | 1 July 2026 |
| Expected expiry | 30 June 2029 |
| Technology platform | Contractor360 |
Investors should note that the contract fee is calculated monthly based on actual workforce occupancy levels at Wellcamp. The $8 million per annum figure is therefore an estimate derived from workforce projections provided by Wagner Corporation, and actual revenue will vary depending on the number of workers accommodated during the contract term.
The company has also confirmed that the agreement includes termination rights that are standard for agreements of this nature.
What Contractor360 does and why it matters
Contractor360 is a patented solution that connects site teams, contractors, subcontractors and suppliers within a single platform. It automates, optimises and connects every step of the workforce mobilisation process and is purpose-built for complex, remote workforce environments.
Orcoda has recently modernised Contractor360 to be an AI-led solution, unifying workforce onboarding, mobilisation, accommodation, rostering, site access, and compliance verification into a single intelligent system. The upgraded platform incorporates:
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Conversational AI
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Workflow automation
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Real-time operational monitoring
These capabilities are designed to improve workforce coordination and operational efficiency. For large construction sites, a single intelligent platform that manages onboarding, accommodation and compliance in one place carries commercial value, supporting efficiency, regulatory compliance and scalability across complex remote workforces.
Why this contract strengthens the investment case
The agreement represents a live, revenue-generating deployment of Contractor360, providing real-world validation of the platform’s capability. The recurring, multi-year structure underpins a predictable revenue runway rather than a one-off project payment.
Orcoda’s recurring revenue base stood at $5.4 million annually as of 1H FY26, up 20% year-on-year, providing the financial foundation from which a contract of this scale can meaningfully accelerate the company toward breakeven.
Management has flagged a broader addressable opportunity. According to the company, the construction, mining and resources sectors represent potential future markets for Contractor360, either as a standalone offering or bundled with facilities management services.
Patrick Bodegraven, Managing Director & CEO
“We are excited to partner with the Wagner Corporation. Orcoda will be using its patented Contractor360 platform to support a large remote workforce by providing workforce logistics and facilities management services. Contractor360 solves the complex challenges of mobilising, housing and managing large workforces on major construction sites. This contract validates Contractor360’s proven capability, while generating significant revenue for Orcoda.”
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The road ahead
With the contract commencing 1 July 2026, Orcoda has a forward revenue runway extending through to mid-2029. Management has identified the construction, mining and resources sectors as potential future markets for the platform, though no additional contracts or pipeline figures have been disclosed.
Orcoda is an integrated Australian technology company with over 30 years of experience in automated, data-driven transport logistics and workforce solutions, serving clients across healthcare, transportation, infrastructure and resources.
The agreement positions the company as scaling a proven, AI-led platform into a recurring revenue model, with the Wagner contract serving as a commercial proof point.
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