Aerometrex (AMX) H1 2026 earnings summary

Executive summary

• Achieved record half-year revenue of $12.93m in 1H26, up 12.3% year-over-year, driven by strong subscription and LiDAR growth.

• EBITDA surged to $3.55m, a 237.8% increase year-over-year, surpassing the prior full-year result.

• Operating loss after tax reduced by 53.2% to $(1.73)m, reflecting improved profitability and cost discipline.

• Cash flow from operations reached $4.11m, up from $0.65m in 1H25, with a stable cash balance of $3.67m as of December 2025.

• MetroMap platform expanded coverage and enhanced product features, supporting customer acquisition.

Financial highlights

• Subscription revenue rose 21.1% year-over-year to $5.71m, now representing a larger share of total revenue.

• LiDAR project revenue increased 22.5% to $6.42m, rebounding from prior softness.

• Free cash flow improved to $3.28m, up 241.4% year-over-year.

• Net loss after tax improved to $(1.73)m from $(3.70)m.

• Net tangible asset backing per share declined to $0.05 from $0.10.

Outlook and guidance

• Continued migration to recurring subscription contracts is expected to enhance revenue predictability.

• Focus remains on new customer acquisition and expanding MetroMap subscriptions in 2026.

• Board remains focused on sustainable profitability and long-term shareholder value.

• MetroMap product enhancements and expanded coverage position the business for further growth.

• Large total addressable market (TAM) in Australia and international opportunities support future expansion.