ACUSENSUS LIMITED (ACE)
Share Price Analysis and Chart

27/02/2026

1

Speculative Buy

$2.30

27.78%

Acusensus delivered a strong 1H26 result, with revenue up 40% y.y in line with Morgans, and adjusted EBITDA up 9%, supported by new contract ramp up in New Zealand and Western Australia.

The International segment delivered positive EBITDA of $0.9m for the first time, while operating cash flow was $1.3m and the balance sheet strengthened to $41.0m cash following a $30.0m equity raise and new debt facility.

FY26 revenue guidance and EBITDA were reaffirmed, implying stronger 2H momentum from full run rate contracts and further domestic expansion.

Earnings forecasts are tweaked higher. Speculative Buy retained with a $2.30 target price

FORECAST
Morgans forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -2.70 cents.
Morgans forecasts a full year FY27 dividend of 0.00 cents and EPS of minus -3.00 cents.

16/02/2026

1

Buy

$2.30

27.78%

Acusensus has announced the settlement of ongoing legal proceedings with Redflex (subsidiary of key global competitor Verra Mobility) in the Australian Federal Court for a total cost of -$16m, payable in $6m cash and $10m scrip at $1.63ps.

As part of the settlement, Acusensus will retain ownership of its existing patent portfolio, however it will need to issue a 'global non-exclusive licence' for any relevant patents to Redflex.

In Canaccord Genuity's view, Acusensus' core competitive advantage is that it combines patented, AI-enabled enforcement technology on a platform that can detect multiple dangerous driving behaviours that is easily scalable to large global government contracts.

The broker therefore remains confident in Acusensus' ability to continue winning work in Australia, with the company currently servicing major enforcement contracts across WA, SA, QLD and NSW, tenders in which VM/Redflex were a likely competitor, in Canaccord's view.

Buy and $2.30 targe retained.

FORECAST
Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -1.00 cents.
Canaccord Genuity forecasts a full year FY27 dividend of 0.00 cents and EPS of 0.10 cents.