Aerometrex (AMX) H2 2026 earnings summary

Executive summary

• Achieved record annual revenue of $26.84m for FY26, up 12.3% year-over-year, with accelerating subscription growth and strong earnings momentum.

• MetroMap subscription revenue reached a record $12.2m, up 27.2% year-over-year, with ACV at $14.55m and 20-21% CAGR.

• EBITDA more than doubled to $7.68m, a 122.3% increase from FY25, reflecting operational leverage.

• Net loss after tax reduced by 55.8% to $2.90m.

• Continued shift toward higher-quality, recurring subscription revenue, especially through MetroMap.

Financial highlights

• Operating revenue reached $26.84m, up $2.94m year-over-year.

• EBITDA increased to $7.68m, a 122.3% rise from $3.46m in FY25.

• Free cash flow after lease payments improved by $4.16m to $0.87m, turning positive from a negative $3.28m.

• Cash balance at year-end was $3.56m.

• Operating costs decreased by $1.51m, supporting EBITDA growth.

Outlook and guidance

• Revenue mix increasingly aligned with a SaaS/DaaS model, supporting predictable growth.

• MetroMap subscription product has passed breakeven, with further product upgrades planned.

• Entering FY27 with strong momentum and focus on growth across all core product lines.

• Emphasis on expanding MetroMap subscriptions and leveraging free cash generation for strategic growth.

• Large total addressable market in Australia and international expansion opportunities identified.