4 mins to read Gentrack buys Kiwi SaaS company Factor, revenue and profit down NZX and ASX-listed utilities SaaS specialist reiterates full-year guidance as valuation claws back ground lost in last week’s sell-off. Factor co-founders Simon Pohlen and Jessica Venning-Bryan. Mon, 18 May 2026 © All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription. Key points Revenue: Down 1.7% to $110.1m Profit: Down 28.9% to $5.1 million Main takeaway: Forward pipeline delays haven’t prevented Gentrack
from investing in growth, with Factor buy. Gentrack Group has acquired New Zealand-founded energy retail software-as-a-service business Factor for as much as $34 million, while it reported a drop in revenue and earnings in its half-year results. Prospero Energy, which trades as Factor, raised $3m from a range of trans-Tasman and US Want to read more? It’s easy. Choose your subscription Already have an account? Login Smartphone Only Subscription NZ$29.95 / monthly Monthly Premium Online Subscription NZ$49.95 / monthly Smartphone Only Annual Subscription NZ$299.00 /
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NBR Marketplace NZ$999.00 / yearly Individual Group membership NBR Marketplace Exclusive FREE offer for uni students studying at a New Zealand university (valued at $499). View terms and conditions. Mon, 18 May 2026 Contact the Writer: william@nbr.co.nz News tip? Question? Typo? Let us know: editor@nbr.co.nz © All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription. Prospero Energy Icehouse Ventures Blackbird Ventures software as a service (SaaS) Jessica Venning-Bryan Simon Pohlen Free News Alerts Sign up
to get the latest stories and insights delivered to your inbox – free, every day. Company profile Powered by: Previous Close Avg Daily Volume Daily High 52 Week High 52 Week Low Related News Hunter’s Corner Gentrack’s stumble should be a one-off Investment Gentrack moves to calm investor nerves Investment Gentrack’s pipeline questioned as stock plunges Investment Gentrack lowers revenue growth guidance, announces share buyback Energy tech startup gets heavyweight backing Free News Alerts Sign up to get the latest stories and insights delivered to
your inbox – free, every day. Key points Revenue: Down 1.7% to $110.1m Profit: Down 28.9% to $5.1 million Main takeaway: Forward pipeline delays haven’t prevented Gentrack from investing in growth, with Factor buy. Company profile Powered by: Previous Close Avg Daily Volume Daily High 52 Week High 52 Week Low Related News Hunter’s Corner Gentrack’s stumble should be a one-off Investment Gentrack moves to calm investor nerves Investment Gentrack’s pipeline questioned as stock plunges Investment Gentrack lowers revenue growth guidance, announces share buyback Energy
tech startup gets heavyweight backing
Gentrack, Factor acquisition, SaaS news, financial results, utilities software, NZ tech, Prospero Energy