Imdex (IMD) Company Presentation summary

Business overview and strategy

• IMDEX positions itself as a leading global mining-tech company focused on efficient, sustainable resource extraction, enabling customers to find, define, and mine orebodies with precision and speed.

• Operates a capital-light, people-light model, leveraging technical leadership for high-margin growth and sustainable shareholder returns.

• Growth strategy centers on core business expansion, technology leadership, integrated solutions, and digital business development, with a focus on SaaS and mining production technologies.

• Strategic investments target exploration and adjacent markets, supported by a strong balance sheet.

• Partnerships and collaborations, such as with Rio Tinto and BHP, accelerate technology adoption and innovation in mining and sustainability.

Financial and operational performance

• 3Q25 revenue remained resilient despite a 19% decline in global exploration drilling in CY24, with positive activity in the Americas and momentum from new products.

• Cost management is prioritized amid industry headwinds, with recovery expected in regions affected by weather and political instability.

• Datarock, Krux, and new product lines are gaining traction, contributing to growth.

• IMDEX continues to perform strongly in a challenging market, driven by disciplined investment and operational excellence.

Market and industry trends

• Exploration activity has stabilized after a two-year decline, with positive signals from increased exploration budgets and capital raisings, especially among majors.

• Gold and copper remain the primary focus, representing about 75% of exploration budgets, with prices at levels supporting further investment.

• M&A activity is robust, particularly in gold, with consolidation driving scale and efficiency; gold-related deals reached $19.3bn in Q1 2025.

• Exploration budgets remain below the 2012 peak, but most major producers are reporting double-digit increases for CY25.

• Junior and intermediate companies are strengthening balance sheets, though higher interest rates weigh on fundraisings.