IDOX (IDOX) Trading Update summary

Trading performance and outlook

• Trading in the period from 1 November 2024 has met expectations for increased revenue and adjusted EBITDA, with net debt reduction anticipated for FY25.

• New contract wins and extensions across all business areas support confidence in further progress for FY25.

• Strong future pipeline visibility and investments in people and technology position the business for growth, especially in geospatial and core divisions.

• Significant financial resources enable the pursuit of larger, accretive, and technology-enhancing acquisitions.

Strategic focus and management commentary

• Emphasis on securing high-quality recurring revenue and repeatable services to underpin growth.

• Management remains aware of political and economic uncertainties but is confident in the company's positioning.

• The balance sheet remains strong, supporting further value-enhancing M&A activity.

Future updates and company information

• A further trading update will be provided after the half year ending 30 April 2025.

• Idox continues to focus on scaling through acquisitions and leveraging its financial strength.