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ImExHS
ImExHS (IME) investor relations material
ImExHS H2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H2 2025 earnings summary3 Mar, 2026
Executive summary
Revenue grew 10% year-over-year to AUD 29 million, exceeding guidance, with underlying EBITDA more than tripling to AUD 1.6 million at the top end of guidance.
Annual Recurring Revenue (ARR) increased 16% to AUD 34.8 million, with software ARR up 19% and radiology ARR up 14%.
Operational improvements led to higher cash (AUD 3.3 million) and reduced debt (AUD 0.5 million) by year-end.
Net operating cash inflow of AUD 0.6 million reversed a prior year outflow.
The business consists of a cloud-native software division and a radiology services division, both showing improved performance.
Financial highlights
Revenue of AUD 29 million, up 10% year-over-year; constant currency growth was 6%.
Underlying EBITDA of AUD 1.6 million, up from AUD 0.5 million the prior year; H2 EBITDA of AUD 1.3 million, 4x H1.
Cash balance increased to AUD 3.3 million; net assets rose to AUD 15.9 million.
Debt reduced to AUD 0.5 million from AUD 1.2 million at prior year-end.
One-off goodwill impairment of AUD 1.7 million excluded from underlying EBITDA.
Outlook and guidance
FY 2026 priorities: accelerate software ARR growth, expand radiology margins, and maintain tight working capital.
Expect to exceed FY 2025 underlying EBITDA, remain cash positive, and achieve faster software revenue growth, with growth and earnings weighted to H2.
Focus on margin expansion and disciplined portfolio mix.
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ImExHS Limited, a software company, develops and delivers healthcare solutions. Its proprietary cloud based medical imaging solutions include key applications to ease management of images, users, and enterprises, as well as client-powered image presentation, distributed image viewing and collaboration, remote desktop support and management.
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