Imdex (IMD) AGM 2025 Presentation / Q1 2026 TU earnings summary

Financial performance and highlights

• Group revenue for FY25 was $431m, down 3% from FY24, but EBITDA reported increased by 15% to $130m and NPAT reported rose 70% to $55m, reflecting strong cost discipline and margin maintenance.

• Cash conversion remained robust at 95%, with net debt reduced by $22m and leverage ratio improved to 0.1x, supporting a fully franked dividend of 2.5cps at a 30% payout of normalised NPAT.

• Sensors and SaaS revenue contributed 66% of total revenue, up 2% from FY24, and IMDEX Mining Technology revenue grew 31% year-on-year.

• Five-year revenue CAGR reached 13%, outpacing the comparative S&P exploration budgets CAGR of 6%.

• Normalised EBITDA margin held steady at 29% for the fifth consecutive year, with gross profit maintained at approximately 70%.

Strategic and operational highlights

• Share of wallet in drill site technologies increased to $2.20 per $100 of exploration spend, with new product launches and expanded global deployment.

• Digital Earth Knowledge segment saw strong growth, with Datarock revenue up 63% and the ESA acquisition set to contribute in FY26.

• IMDEX Mining Technologies revenue up 31% YoY, OMNIXBOLT revenue up 74%, and Krux revenue up 86% with expanded customer base.

• Integrated Field Services expanded into approximately seven new countries, and HUB-IQ connected sensors increased 11% YoY.

• Infrastructure revenue remained steady, with increased scientific and energy sector engagements.

ESG and people initiatives

• Achieved 98% compliance in HSE training and launched updated ESG and DE&I strategies.

• Increased female workforce participation and held inaugural ESG Innovation Event, with uplift in R&D investment.

• Conducted climate-related financial disclosure gap analysis and improved GHG emissions data collection.

• Established new community partnership guidelines and expanded global volunteering, with 847 hours contributed by over 14% of workforce.

• Enhanced governance with updated channel partner agreements and expanded anti-bribery and anti-corruption training.