Aerometrex (AMX) H2 2025 earnings summary

Executive summary

• FY25 revenue was $23.90m, down 3.4% year-over-year, with strong MetroMap SaaS and subscription growth, and recurring subscription revenue now 40% of group revenue.

• MetroMap Annual Contract Value (ACV) reached a record $10.56m, up 12.8% year-over-year.

• 3D revenue surged 78.4% to $1.53m, while LiDAR revenue declined 22.8% to $10.92m.

• Strategic review delivered $2m in cost reductions, smarter asset utilisation, and operational improvements.

• Business reorganisation and new leadership aimed at driving growth and efficiency.

Financial highlights

• EBITDA increased 19.8% to $3.46m from $2.89m in FY24.

• MetroMap statutory revenue rose 17.6% to $11.45m; subscription revenue up 11.5% to $9.57m.

• MetroMap off-the-shelf and Insights data revenue grew 138.2% to $1.14m.

• Cash balance at year-end was $3.88m, down from $8.31m in FY24.

• Free cash flow improved to -$1.0m from -$1.35m in FY24.

Outlook and guidance

• Focus on scaling MetroMap ACV and off-the-shelf sales, with product enhancements to drive further revenue.

• LiDAR segment aims to build and accelerate its opportunity pipeline, targeting renewables and carbon farming markets.

• Global 3D to pursue Australian and international project opportunities, with continued product development.

• FY26 expected to see LiDAR revenue return to or exceed FY24 levels, supported by recurring customers and new contract wins.

• Strategic review outcomes expected to further improve EBITDA in FY26.