Asset Vision Co Ltd Lifts ARR Run Rate 45% to $6.4M on Contract Wins
Asset Vision lifts ARR run rate 45% to $6.4 million on contract wins across infrastructure verticals
Asset Vision Co Limited (ASX:ASV) has reported that recent contract wins have lifted its FY26 Annual Recurring Revenue (ARR) run rate to approximately $6.4 million, representing growth of approximately 45% since the start of FY26 ($4.4 million).
The result is underpinned by multiple new customer wins across three key infrastructure verticals: Transport, Civic & Community and Social Infrastructure.
Social Infrastructure marks a new vertical for the company, anchored by a strong strategic win supporting 150,000 social housing dwellings. For a software-as-a-service (SaaS) business, ARR run-rate expansion of this scale is the headline metric, signalling scaling momentum across a broadening customer base.
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The five contract wins driving the growth
The growth has been driven by five named customer wins spanning state governments, statutory authorities, local councils and major infrastructure contractors. Individual contract values were not disclosed.
The table below summarises each win, its scope and term as stated in the announcement.
| Customer | Scope | Term |
|---|---|---|
| NSW Homes | Planning & management of 150,000 social housing dwellings (Social Infrastructure vertical) | Initial three-year agreement, with two 12-month renewal periods |
| Department of State Growth Tasmania | EAM platform for roads & related infrastructure | Initial three-year subscription, which may renew for a further two-year period |
| Victorian Road Maintenance (Ventia & Fulton Hogan) | Support delivery of newly awarded contracts | Four-year base terms commencing 1 July 2026 |
| Marine and Safety Tasmania | EAM platform for marine assets & infrastructure | Initial three-year subscription |
| Central Goldfields Shire Council | Enterprise Asset Management contract | Initial three-year term, with a two-year extension option |
The NSW Homes agreement is described as a strong strategic win in the company’s new Social Infrastructure vertical, with the platform supporting the planning and management of 150,000 social housing dwellings. The Victorian Road Maintenance wins see contractors Ventia and Fulton Hogan implement the platform to support newly awarded contracts.
What enterprise asset management is, and why ARR growth matters
Enterprise Asset Management (EAM) software refers to platforms that help organisations plan, manage and maintain physical infrastructure assets. In Asset Vision’s case, those assets span roads, social housing, marine facilities and related infrastructure.
This is why Annual Recurring Revenue (ARR) is the metric investors watch most closely for SaaS businesses. It measures the predictable, subscription-based revenue a company expects to receive each year.
The multi-year subscription terms attached to these wins, ranging from three to four years, provide revenue visibility and customer stickiness.
Framed against these dynamics, the lift to a $6.4 million run rate provides a clearer picture of the company’s scaling trajectory.
Diversification beyond Transport strengthens the investment case
A central theme of the update is Asset Vision broadening beyond its Transport heritage into the Civic & Community and Social Infrastructure verticals.
Damian Smith, Co-Founder & Co-CEO Product and Technology
“These recent wins highlight that while Transport continues to be an important part of our past, present and future, our platform and people are well placed to meet the needs of clients across other verticals. Our mission is to make asset management easy and more collaborative by building a platform teams love to use every day, and these customer wins demonstrate that our approach is delivering results.”
By demonstrating that the platform can serve customers across multiple infrastructure categories, the company widens the pool of potential clients beyond its original transport base.
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Positioning into FY27
The momentum carries into FY27, with the Victorian Road Maintenance contracts commencing on 1 July 2026, the start of the new financial year. According to management, the executive team is now in place to scale, supported by a healthy balance sheet and a strong pipeline.
Management also reiterated its long-term vision to become a global SaaS leader in enterprise asset management.
Lucas Murtagh, Co-CEO Growth and Corporate
“These wins show our strategy is working. With the executive team now in place to scale, a healthy balance sheet and a strong pipeline, we are well positioned heading into FY27. Our vision is to be a global SaaS leader in enterprise asset management by making critical infrastructure easier to manage, and results like these show we are well on the way.”
For investors, the combination of an expanded run rate, multi-year contract terms and entry into a new vertical signals continued growth ambition as the company moves into the new financial year. The announcement was authorised for release by the Board of Asset Vision Co Limited.
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