FY2027 revenue target fully secured as Stakk signs contracts across five new international markets
Stakk Limited (ASX: SKK) has announced that 100% of its A$55.2 million FY2027 pro-forma consolidated revenue forecast is now secured under recurring customer contracts. New international wins signed across Thailand, Italy, Dubai, Ireland and Scotland are additional to that contracted base, with implementations expected to principally contribute to FY2028 and beyond.
The company confirmed it is not presently revising its FY2027 revenue forecast upward. Rather, the announcement signals that the FY2027 target has been met through contracted recurring revenue, and that subsequent contract wins are already building the foundation for the following year.
U.S. operations continue to perform ahead of the company’s own expectations, providing a strong platform from which international expansion is accelerating.
CEO Emiliano Giacchetti
“…A$55.2 million is no longer the revenue we are trying to win. It is contracted. We have done what we said we would do, and our attention is already moving forward.”
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Singapore to anchor Stakk’s global growth outside the United States
The company’s global growth model operates on two parallel engines. The United States continues to serve U.S. customers, while Singapore will become the international operating and technology hub, commencing in November 2026.
Stakk International Pte Ltd — what it does and when it launches
Wholly owned subsidiary Stakk International Pte Ltd will serve two distinct functions from November 2026:
- Global commercial, service-delivery and support hub for all markets outside the United States
- Global technology and innovation headquarters, managing new product development across the combined Stakk technology portfolio
The Singapore operation will retain the same economic principles underpinning Stakk’s broader model. Gross margins are targeted at approximately 85%, with operating infrastructure designed to scale alongside customer demand rather than ahead of it, avoiding significant fixed costs prior to revenue generation.
The commercial logic behind this structure is grounded in a reinforcing growth flywheel the company has outlined:
- More customers
- More interactions
- Stronger intelligence
- Stronger products
- Greater value to customers
- Further growth
Why Singapore — the strategic rationale
Singapore was selected following an assessment of commercial, technology, regulatory and data requirements associated with serving regulated enterprises internationally. Key factors include:
- Political and regulatory stability with strong rule of law
- Sophisticated data infrastructure supporting data sovereignty requirements
- Internationally recognised intellectual property protection regime
- Alignment with Singapore’s national AI policy agenda, including the National AI Council established in February 2026 under Prime Minister Lawrence Wong
- Access to internationally experienced technology talent and a substantial global technology ecosystem
Understanding Stakk’s recurring revenue model — what “contracted” means for investors
For investors less familiar with enterprise technology business models, the significance of 100% contracted revenue requires some context. Recurring revenue in enterprise software and Digital Trust infrastructure refers to contractually committed revenue that renews periodically, as distinct from one-time project or licensing fees. When a company’s full annual revenue forecast is secured under existing contracts before the year begins, earnings visibility is materially higher than in businesses dependent on winning new customers to meet targets.
Stakk currently serves more than 300 enterprise customers and processes more than 110 billion interactions annually. That scale is not merely a commercial metric. Each interaction processed across the platform contributes to the company’s data-led intelligence, strengthening its ability to identify patterns, detect emerging fraud threats and improve decisioning accuracy over time. Critically, this occurs without sharing customer personally identifiable information (PII) or proprietary data between clients.
Gross margins targeted at approximately 85% are significant because they indicate that as revenue grows, the incremental cost of servicing that revenue remains low. Combined with infrastructure designed to scale with demand rather than ahead of it, the model is structured to convert revenue growth into expanding profitability.
The data intelligence advantage reinforces the commercial flywheel: more interactions produce stronger fraud detection, which improves the product, which attracts more customers, which generates more interactions. International expansion is expected to compound that advantage further as the customer and interaction base grows.
For investors exploring the financial trajectory that preceded this contracted revenue position, our detailed coverage of Stakk’s maiden profitability milestone walks through the FY2026 operating profit forecast, the earlier A$21.8 million FY2027 revenue contracted base, and the run-rate growth sequence that built the foundation for the A$55.2 million target.
International contracts, the NCR Atleos example and the road to FY2028
Stakk’s international footprint has expanded materially since completion of the ParaScript acquisition. The table below summarises the company’s current operational and strategic presence across key markets.
The ParaScript acquisition materially transformed the scale of Stakk’s enterprise customer base and interaction volumes, combining both businesses into a group targeting A$55.2 million in FY2027 revenue with more than 300 enterprise customers already on the platform.
| Market / Location | Role | Status | Revenue Period | Notes |
|---|---|---|---|---|
| United States | Primary operations | Performing ahead of management expectations | FY2027 base | Part of the consolidated base supporting the contracted FY2027 pro-forma revenue forecast |
| Thailand | Signed contract — international delivery | Implementation expected | FY2028+ | Includes services contracted by existing U.S. customer NCR Atleos |
| Italy | Signed contract — international delivery | Implementation expected | FY2028+ | Additional to contracted FY2027 revenue base |
| Dubai | Signed contract — international delivery | Implementation expected | FY2028+ | Additional to contracted FY2027 revenue base |
| Ireland | Signed contract — international delivery | Implementation expected | FY2028+ | Additional to contracted FY2027 revenue base |
| Scotland | Signed contract — international delivery | Implementation expected | FY2028+ | Additional to contracted FY2027 revenue base |
| Singapore | Global hub (non-U.S. operations and technology HQ) | Commencing November 2026 | FY2028+ | Stakk International Pte Ltd; gross margins targeted at approximately 85% |
NCR Atleos illustrates how the international pipeline is developing. As an existing U.S. financial infrastructure customer, NCR Atleos has contracted for the delivery of certain services in Asia, including Thailand. The example demonstrates how established U.S. customer relationships can serve as a direct pathway into international markets, with multinationals seeking to extend their use of Stakk’s capabilities across the jurisdictions in which they operate.
Looking further ahead, during FY2028 the company intends to establish the Stakk Lab in Singapore — a dedicated customer-facing innovation environment where major international customers can work directly with Stakk’s product and engineering teams on pre-deployment technologies and emerging use cases.
CEO Emiliano Giacchetti
“The United States is a market that many Australian technology companies spend years trying to crack. We have cracked it, it is performing, and we intend to continue growing aggressively there. But Stakk no longer needs to focus exclusively on proving itself in the United States…”
With A$55.2 million in FY2027 pro-forma consolidated revenue fully contracted and new international wins across five markets already building the FY2028 pipeline, the Singapore hub is designed to provide the infrastructure through which that next phase of growth is managed and accelerated. The company’s stated focus has shifted to FY2028 and beyond.
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