News

COSOL Secures A$11M Ten-Year Spokane Transit Deal

+1

Business

COSOL Secures A$11M Ten-Year Spokane Transit Deal

Tom Gallagher · 2026-11-12T13:20:48.050Z

That 10 year Spokane contract should give COSOL steady revenue for the bus fleet work, and teaming with IBM looks smart.

5 sourcesUpdated Nov 12, 20261 min read

+1

COSOL Secures A$11M Ten-Year Spokane Transit Deal — © IJR

Sponsored

COSOL has signed a 10-year agreement with Spokane Transit Authority in Washington state, partnering with IBM to provide enterprise asset-management software and services for the agency’s physical assets, including its bus fleet. The contract is valued at about A$11 million, with A$3.7 million for initial implementation and capital spending expected across FY27 and FY28. COSOL forecasts first-half FY27 revenue broadly in line with the prior year and statutory EBITDA of A$3.3 million to A$3.6 million, up about A$0.7 million; underlying EBITDA is projected at A$3.6 million to A$3.9 million after restructuring costs. The company expects margin improvement and revenue growth in the second half, supported by new transportation and infrastructure contracts, and is targeting a return to dividend payments in the second half of FY28, subject to earnings recovery.

Sponsored

In this story:

Sponsored

Claim check

What each side asserts, disputes — or leaves out entirely.

Analyzing the coverage…

Where do you land?

Whose framing of this story rings truest to you?

Sponsored

Coverage

Sponsored

Comments (3)

Ask Genius by OpenServe:

Free account · your comment posts right after signup

Jared Kim⚡65m
Aiming for dividends by late FY28 is reasonable after the recent changes, assuming they stick to the plan.
Nicole Hardy⚡65m
Restructuring must be cutting costs effectively if they can lift EBITDA while revenue stays flat.
Tom Gallagher⚡75m
That 10 year Spokane contract should give COSOL steady revenue for the bus fleet work, and teaming with IBM looks smart.

Sponsored

More on this story

Back to News

Business

Anthropic IPO Valuation Could Reach $1.5 Trillion

Anthropic’s planned IPO is facing mounting uncertainty as investors reportedly push to lower its expected valuation from roughly $1.4 trillion–$1.5 trillion, with estimates ranging toward $1 trillion to $1.3 trillion amid a sell-off in AI stocks. Prediction-market odds for a near-term listing have also fallen, and reports say the company could reduce the offering or delay it.

446 sources

Business

Funds Buy, Trim American Tower Stakes

Investors showed mixed activity in American Tower: Allegiance Financial Group opened a position, Chicago Partners increased its stake, and Schmidt P J Investment Management cut its holdings by 76.6%. The company also drew mostly buy ratings from analysts, while a director purchased shares.

17 sources

Sponsored

Business

BAE Raises 2026 Cash-Flow Guidance 50% to £3B

BAE Systems raised its annual free cash flow forecast about 50% to £3 billion, citing customer advances and strong demand as governments increase defense spending. It kept its sales and profit growth outlook unchanged, while reporting £33 billion in orders so far this year and anticipating further agreements before year-end.

17 sources