Intelligent Monitoring Group (IMB) H2 2026 earnings summary

Executive summary

• Revenue increased 16.5% year-over-year to $203.7m, driven by higher installations, services, and recurring revenue at 53%.

• Underlying EBITDA rose 14.5% year-over-year to $44.0m, with significant improvement in adjusted underlying NPAT and reported profit due to lower financing and tax costs.

• Operating cash flow more than doubled to $22.0m, and free cash flow improved from negative $4m to positive $8.1m year-over-year.

• Major acquisitions (Wormald, Red Wolf, BNP, Western Advance, proposed ADT UK) expanded commercial and geographic reach, with integration underway.

• Strategic entry into the U.K. market via ADT UK acquisition, expected to be transformative with high recurring revenue and margin.

Financial highlights

• Revenue up 16.5% year-over-year to $203.7m, with organic growth in Australia accelerating to 12.5%.

• Underlying EBITDA up 14.5% year-over-year to $44.0m (margin 21.6%), adjusted for one-offs totaling $11.5m.

• Adjusted underlying NPAT increased to $23.6m (+442% vs FY25); EPS (adj) at 6.01 cps (+363%).

• Operating cash flow up 107.5% to $22.0m; free cash flow at $8.1m versus negative $4m prior year.

• Cash balance increased by $18.7m to $42.7m, reflecting strong underlying business and M&A activity.

Outlook and guidance

• No formal guidance provided; significant headline growth expected over next two years from full-year contributions of recent acquisitions.

• FY26 results delivered at or above guidance for NPAT and EPS; EBITDA at lower end due to strategic investments and FX headwinds.

• Pro forma EPS baseline set at $0.08 per share, with further upside from U.K. integration and commercial pipeline.

• Focus areas: commercial pipeline growth, New Zealand performance, ADT Guard expansion, and U.K. integration.